Scott A. Cottrill - 30 May 2024 Form 4 Insider Report for ADVANCED DRAINAGE SYSTEMS, INC. (WMS)

Role
EVP, CFO AND SECRETARY
Signature
/s/ Scott A. Cottrill
Issuer symbol
WMS
Transactions as of
30 May 2024
Net transactions value
-$10,901,020
Form type
4
Filing time
03 Jun 2024, 16:13:15 UTC
Previous filing
24 May 2024
Next filing
16 May 2025
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 $711,432 +29,398 +32% $24.20 120,840 30 May 2024 Direct
transaction WMS Common Stock Options Exercise $1,060,178 +43,809 +36% $24.20 164,649 30 May 2024 Direct
transaction WMS Common Stock Sale $12,672,630 -73,207 -44% $173.11 91,442 30 May 2024 Direct F1
holding WMS Common Stock 17,470 30 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 Options Exercise $0 -29,398 -100% $0.000000* 0 30 May 2024 Common Stock 29,398 $24.20 Direct F3
transaction WMS Option to Purchase Common Stock Options Exercise $0 -43,809 -100% $0.000000* 0 30 May 2024 Common Stock 43,809 $24.20 Direct F4
* 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 $172.56 to $173.49, 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 Represents current allocation under KSOP.
F3 The options vested in five equal annual installments beginning on November 9, 2016, provided that the Reporting Person remained continuously employed by the Issuer through each applicable vesting date.
F4 The options vested in three equal annual installments beginning on February 8, 2018, provided that the Reporting Person remained continuously employed by the Issuer through each applicable vesting date.