ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2022

Dec 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2022-11-30

Reporting Person: HARVEY DARIN S. (EVP, Supply Chain & Logistics)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-30	Common Stock	M	2324	$41.97	Acquired	6924	Direct
2022-11-30	Common Stock	S	1710	$93.4072	Disposed	5214	Direct
2022-12-02	Common Stock	S	614	$95.5868	Disposed	4600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-11-30	Option to Purchase Common Stock	$41.97	M	2324	Disposed	2030-05-19	Common Stock (2324)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15240.5785	Indirect

Footnotes

F1: Reflects the exercise by the Reporting Person of stock options (right to buy) previously granted by the Issuer.

F2: Represents current allocation under KSOP.

F3: The options vest in three equal annual installments beginning on May 19, 2021, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.