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

Aug 16, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2022-08-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-12	Common Stock	M	2079	$27.99	Acquired	6679	Direct
2022-08-12	Common Stock	M	3906	$27.44	Acquired	10585	Direct
2022-08-12	Common Stock	S	5985	$147.9817	Disposed	4600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-08-12	Option to Purchase Common Stock	$27.99	M	2079	Disposed	2028-10-14	Common Stock (2079)	Direct
2022-08-12	Option to Purchase Common Stock	$27.44	M	3906	Disposed	2029-05-21	Common Stock (3906)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15242.1914	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 $147.72 to $148.27, 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 three equal annual installments beginning on October 14, 2019.

F4: The options vested in three equal annual installments beginning on May 21, 2020.