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

Nov 11, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2022-11-09

Reporting Person: KLEIN ROBERT M (EVP, Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-11-09	Common Stock	S	12588	$83.0282	Disposed	120027	Direct
2022-11-09	Common Stock	S	21252	$82.36	Disposed	98775	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0.8584	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.51 to $83.52, 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: Includes 21,252 shares previously held through the KSOP which were distributed to the reporting person on October 28, 2022 and are now owned directly.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $82.16 to $82.61, 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 (3) to this Form 4.

F4: Represents current allocation under KSOP.