Form 4: Advanced Drainage Systems EVP Sells WMS Shares

Advanced Drainage Systems' EVP, International, Thomas J. Waun, Sr., sold 1,500 shares of common stock at $155 per share.

Summary

• Thomas J. Waun, Sr., the Executive Vice President of International for Advanced Drainage Systems, Inc. (WMS), reported a transaction.
• On November 26, 2025, Mr. Waun sold 1,500 shares of Common Stock.
• The shares were sold at a price of $155 per share.
• Following this transaction, Mr. Waun directly beneficially owns 13,470 shares of Common Stock.
• Additionally, Mr. Waun indirectly beneficially owns 796.9667 shares through a KSOP (Key Employee Stock Ownership Plan).

Sentiment

Score: 5

Explanation: The filing reports a routine insider stock sale, which is a factual disclosure and does not inherently indicate positive or negative sentiment regarding the company's performance or outlook. The transaction amount is not exceptionally large relative to the executive's remaining holdings.

Industry Context

This filing reports a routine insider transaction and does not provide broader industry context or trends. It is a standard disclosure required for executives of publicly traded companies.

Stakeholder Impact

• Shareholders: May note the executive's sale of shares, which is a common occurrence for compensation or personal financial planning. The impact is likely minimal given the transaction size relative to the company's market capitalization and the executive's remaining holdings.

Key Dates

Keywords

WMS, Advanced Drainage Systems, Insider Sale, Form 4, Executive Transaction, Stock Sale