ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2023

Dec 8, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2023-12-06

Reporting Person: MAKOWSKI TIM A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-06	Common Stock	M	2000	$25.75	Acquired	8147	Direct
2023-12-06	Common Stock	S	2000	$125.7229	Disposed	6147	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-06	Option to Purchase Common Stock	$25.75	M	2000	Disposed	2028-05-23	Common Stock (2000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17559.6030	Indirect

Footnotes

F1: Represents current allocation under KSOP.

F2: The options vested in three equal annual installments beginning on May 23, 2019.