ADVANCED DRAINAGE SYSTEMS, INC. — Director's Dealing 2025

Nov 17, 2025

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ADVANCED DRAINAGE SYSTEMS, INC. (WMS)
CIK: 0001604028
Period of Report: 2025-11-05

Reporting Person: Coyle Patrick M. Jr (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5847	Direct
Common Stock	4300.1706	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock	$99.29	2032-05-17	Common Stock (495)		Direct
Option to Purchase Common Stock	$96.51	2033-05-21	Common Stock (2486)		Direct
Option to Purchase Common Stock	$177.38	2034-05-20	Common Stock (1309)		Direct
Option to Purchase Common Stock	$119.3	2035-05-20	Common Stock (1946)		Direct
Option to Purchase Common Stock	$143.97	2035-09-01	Common Stock (367)		Direct

Footnotes

F1: Represents current allocation under KSOP.

F2: The options vested in three equal annual installments beginning on May 18, 2023.

F3: The options vest in three equal annual installments beginning on May 21, 2024, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

F4: The options vest in three equal annual installments beginning on May 20, 2025, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

F5: The options vest in three equal annual installments beginning on May 19, 2026, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

F6: The options vest in three equal annual installments beginning on September 1, 2026, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.