BRIAN W. KING - 18 May 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Executive Vice President
Signature
/s/ Brian W. King, by Scott A. Cottrill as attorney-in-fact
Issuer symbol
WMS
Transactions as of
18 May 2024
Net transactions value
-$35,523
Form type
4
Filing time
21 May 2024, 18:37:12 UTC
Previous filing
17 May 2024
Next filing
24 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Tax liability $21,244 -122 -0.95% $174.13 12,654 18 May 2024 Direct F1
transaction WMS Common Stock Tax liability $14,279 -82 -0.65% $174.13 12,572 19 May 2024 Direct F1
transaction WMS Common Stock Award $0 +991 +7.9% $0.000000 13,563 20 May 2024 Direct
holding WMS Common Stock 1,761 18 May 2024 By KSOP F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WMS Option to Purchase Common Stock Award $0 +2,064 $0.000000 2,064 20 May 2024 Common Stock 2,064 $177.38 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld to satisfy Reporting Person's tax obligations in connection with the vesting of shares of restricted common stock of the Issuer.
F2 Represents current allocation under KSOP.
F3 The options vest in three equal annual installments beginning on May 20, 2025, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.