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

May 13, 2022

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2022-03-31

Reporting Person: BARBOUR D. SCOTT (Director, President and Chief Executive)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-21	Common Stock	G	90920	$0.00	Disposed	89554	Direct
2021-10-21	Common Stock	G	60000	$0.00	Disposed	29544	Direct
2021-10-29	Common Stock	G	82000	$0.00	Disposed	8920	Indirect
2021-11-03	Common Stock	G	50000	$0.00	Disposed	10000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	90920	Indirect
Common Stock	60000	Indirect
Common Stock	82000	Indirect
Common Stock	50000	Indirect

Footnotes

F1: On October 21, 2021, the reporting person contributed 90,920 shares of common stock of Advanced Drainage Systems, Inc. ("ADS") to a revocable trust for the benefit of the reporting person.

F2: On October 21, 2021, the reporting person contributed 60,000 shares of ADS common stock to a revocable trust for the benefit of the reporting person's spouse.

F3: On October 29, 2021 the revocable trust for the benefit of the reporting person contributed 82,000 shares of ADS common stock to an irrevocable spousal access trust established by the reporting person, of which the reporting person's spouse is a co-trustee. The beneficiaries of the irrevocable trust are the reporting person and his children.

F4: On November 3, 2021, the revocable trust for the benefit of the reporting person's spouse contributed 50,000 shares of ADS common stock to an irrevocable spousal access trust established by the reporting person's spouse, of which the reporting person is a co-trustee. The beneficiaries of the irerrevocable trust include the reporting person's spouse and his children.