Form 4: Advanced Drainage Systems Executive Sells Shares

Tim A. Makowski, Vice President, Controller, and Chief Accounting Officer of Advanced Drainage Systems, Inc., sold 3,800 shares of common stock at a weighted average price of $170.6845 on May 31, 2024.

Summary

• On May 31, 2024, Tim A. Makowski, an officer at Advanced Drainage Systems, Inc. (WMS), sold 3,800 shares of the company's common stock.
• The sale was executed at a weighted average price of $170.6845 per share.
• The price range for the multiple transactions was between $170.68 and $170.84.
• Following the transaction, Makowski directly owns 4,530 shares and indirectly owns 17,557.8195 shares through a KSOP.
• The reporting person has agreed to provide full information regarding the number of shares purchased at each separate price within the specified range upon request.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of an insider transaction without any indication of positive or negative implications for the company.

Industry Context

This is a routine disclosure of an insider transaction. It's common for executives to periodically sell shares for personal financial management.

Stakeholder Impact

• The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.

Key Dates