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

Sep 14, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2023-09-13

Reporting Person: BARBOUR D. SCOTT (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-09-13	Common Stock	G	49261	—	Disposed	22796	Direct
2023-09-13	Common Stock	G	49261	—	Acquired	99907	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	93500	Indirect
Common Stock	14000	Indirect
Common Stock	61500	Indirect
Common Stock	16869.1627	Indirect

Footnotes

F1: On September 13, 2023, the reporting person contributed 49,261 shares of common stock of Advanced Drainage Systems, Inc. ("ADS") to a revocable trust for the benefit of the reporting person.

F2: Shares held in revocable trust for the benefit of the reporting person.

F3: Shares held in 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: Shares held in revocable trust for the benefit of the reporting person's spouse.

F5: Shares held in 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.

F6: Represents current allocation under KSOP.