Tim A. Makowski - May 18, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
Vice President, Controller and Chief Accounting Officer
Signature
/s/ Tim A. Makowski, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 18, 2024
Transactions value $
-$48,060
Form type
4
Date filed
5/21/2024, 06:38 PM
Previous filing
May 17, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Tax liability -$27.3K -157 -1.97% $174.13 7.81K May 18, 2024 Direct F1
transaction WMS Common Stock Tax liability -$20.7K -119 -1.52% $174.13 7.69K May 19, 2024 Direct F1
transaction WMS Common Stock Award $0 +839 +10.91% $0.00 8.53K May 20, 2024 Direct
holding WMS Common Stock 17.6K May 18, 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 +1.75K $0.00 1.75K May 20, 2024 Common Stock 1.75K $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.

Remarks:

Vice President, Controller and Chief Accounting Officer