ADVANCED DRAINAGE SYSTEMS, INC. · Exercise / conversion · Common Stock

What does this filing report?

An SEC Form 4 filing for ADVANCED DRAINAGE SYSTEMS, INC. records an exercise / conversion involving Common Stock on November 12, 2025. The reported quantity was 80,030. The filing date is November 13, 2025. This is one transaction record; amounts are not allocated among any joint reporting owners.

The acquisition category describes how securities were received. It does not by itself establish a cash purchase of common stock. Read the transaction code definitionsand the original filing before interpreting the amounts.

Filing footnotes & remarks

F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.00 to $148.9999, 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

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.54 to $150.5399, 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 (2) to this Form 4.

F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.61 to $151.6099, 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 (3) to this Form 4.

F4

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

F5

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.

F6

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

F7

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.

F8

Shares held in GRATs of which the reporting person is trustee.

F9

Represents current allocation under KSOP.

F10

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

Footnotes are reproduced as plain text from the current source filing. For the full context, read the original SEC filing.