Darin S. Harvey - May 21, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
EVP, Supply Chain & Logistics
Signature
/s/ Darin S. Harvey, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 21, 2024
Transactions value $
-$1,139,763
Form type
4
Date filed
5/23/2024, 04:01 PM
Previous filing
May 21, 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 Sale -$735K -4.13K -50.05% $177.89 4.13K May 21, 2024 Direct F1
transaction WMS Common Stock Options Exercise $297K +2.81K +68.02% $105.82 6.93K May 21, 2024 Direct
transaction WMS Common Stock Options Exercise $256K +2.58K +37.2% $99.29 9.51K May 21, 2024 Direct
transaction WMS Common Stock Sale -$957K -5.38K -56.62% $177.83 4.13K May 21, 2024 Direct F2
holding WMS Common Stock 15.2K May 21, 2024 By KSOP F3

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 Options Exercise $0 -2.81K -100% $0.00* 0 May 21, 2024 Common Stock 2.81K $105.82 Direct F4
transaction WMS Option to Purchase Common Stock Options Exercise $0 -2.58K -66.68% $0.00 1.29K May 21, 2024 Common Stock 2.58K $99.29 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.87 to $177.91, inclusive. The reporting person undertakes to provide to Advanced Drainage Systems, Inc., any security holder of Advanced Drainage Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $177.33 to $178.33, inclusive. The reporting person undertakes to provide to Advanced Drainage Systems, Inc., any security holder of Advanced Drainage Systems, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnote (1) to this Form 4.
F3 Represents current allocation under KSOP.
F4 The options vested in three equal annual installments beginning on May 18, 2022, provided that the Reporting Person remain continuously employed by the Issuer through each applicable vesting date.
F5 The options vest in three equal annual installments beginning on May 17, 2023, provided that the Reporting Person remain continuously employed by the Issuer through each applicable vesting date.