ROBERT M. KLEIN - 24 May 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
Issuer symbol
WMS
Transactions as of
24 May 2024
Net transactions value
-$232,144
Form type
4
Filing time
29 May 2024, 16:13:07 UTC
Previous 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 Options Exercise $90,899 +859 +0.84% $105.82 102,929 24 May 2024 Direct
transaction WMS Common Stock Options Exercise $102,368 +1,031 +1% $99.29 103,960 24 May 2024 Direct
transaction WMS Common Stock Options Exercise $112,820 +1,169 +1.1% $96.51 105,129 24 May 2024 Direct
transaction WMS Common Stock Sale $538,232 -3,059 -2.9% $175.95 102,070 24 May 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% $0.000000* 0 24 May 2024 Common Stock 859 $105.82 Direct F1
transaction WMS Option to Purchase Common Stock Options Exercise $0 -1,031 -50% $0.000000 1,031 24 May 2024 Common Stock 1,031 $99.29 Direct F2
transaction WMS Option to Purchase Common Stock Options Exercise $0 -1,169 -33% $0.000000 2,337 24 May 2024 Common Stock 1,169 $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.