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

Role
EVP, CFO AND SECRETARY
Signature
/s/ Scott A. Cottrill
Stock symbol
WMS
Transactions as of
May 30, 2024
Transactions value $
-$10,901,020
Form type
4
Date filed
6/3/2024, 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 $711K +29.4K +32.15% $24.20 121K May 30, 2024 Direct
transaction WMS Common Stock Options Exercise $1.06M +43.8K +36.25% $24.20 165K May 30, 2024 Direct
transaction WMS Common Stock Sale -$12.7M -73.2K -44.46% $173.11 91.4K May 30, 2024 Direct F1
holding WMS Common Stock 17.5K May 30, 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 -29.4K -100% $0.00* 0 May 30, 2024 Common Stock 29.4K $24.20 Direct F3
transaction WMS Option to Purchase Common Stock Options Exercise $0 -43.8K -100% $0.00* 0 May 30, 2024 Common Stock 43.8K $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.