Robert M. Klein - May 24, 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
EVP, Sales
Signature
/s/ Robert M. Klein, by Scott A. Cottrill as attorney-in-fact
Stock symbol
WMS
Transactions as of
May 24, 2024
Transactions value $
-$232,144
Form type
4
Date filed
5/29/2024, 04:13 PM
Previous filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WMS Common Stock Options Exercise $90.9K +859 +0.84% $105.82 103K May 24, 2024 Direct
transaction WMS Common Stock Options Exercise $102K +1.03K +1% $99.29 104K May 24, 2024 Direct
transaction WMS Common Stock Options Exercise $113K +1.17K +1.12% $96.51 105K May 24, 2024 Direct
transaction WMS Common Stock Sale -$538K -3.06K -2.91% $175.95 102K May 24, 2024 Direct

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 -859 -100% $0.00* 0 May 24, 2024 Common Stock 859 $105.82 Direct F1
transaction WMS Option to Purchase Common Stock Options Exercise $0 -1.03K -50% $0.00 1.03K May 24, 2024 Common Stock 1.03K $99.29 Direct F2
transaction WMS Option to Purchase Common Stock Options Exercise $0 -1.17K -33.34% $0.00 2.34K May 24, 2024 Common Stock 1.17K $96.51 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 The options vest in three equal annual installments beginning on May 21, 2024, provided that the Reporting Person remain continuously employed by the Issuer through each applicable vesting date.