ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2024

Jun 3, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2024-05-30

Reporting Person: Cottrill Scott A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-05-30	Common Stock	M	29398	$24.20	Acquired	120840	Direct
2024-05-30	Common Stock	M	43809	$24.20	Acquired	164649	Direct
2024-05-30	Common Stock	S	73207	$173.1068	Disposed	91442	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-05-30	Option to Purchase Common Stock	$24.20	M	29398	Disposed	2026-03-31	Common Stock (29398)	Direct
2024-05-30	Option to Purchase Common Stock	$24.20	M	43809	Disposed	2026-03-31	Common Stock (43809)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	17469.9382	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 $172.56 to $173.49, 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 five equal annual installments beginning on November 9, 2016, provided that the Reporting Person remained continuously employed by the Issuer through each applicable vesting date.

F4: The options vested in three equal annual installments beginning on February 8, 2018, provided that the Reporting Person remained continuously employed by the Issuer through each applicable vesting date.