Form 4: Advanced Drainage Systems Director Ross M. Jones Reports Stock Disposal

Director Ross M. Jones reports the disposal of 762,895 common stock shares and 70,749 shares held indirectly through Berkshire Entities.

Summary

• On February 28, 2024, Ross M. Jones, a director of Advanced Drainage Systems, Inc. (WMS), reported the disposal of 762,895 shares of common stock at a price of $163.
• Jones also reported indirect beneficial ownership of 70,749 shares through Stockbridge Fund, L.P. and other Berkshire Entities.
• Jones disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral report of a stock transaction. The sentiment is neither positive nor negative as it simply reflects a director's stock disposal.

Management Comments

• The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The disposal of a significant number of shares by a director could potentially influence investor sentiment.

Key Dates