WMS Form 144: planned sale of 1,000 shares ($150,000) on NYSE

WMS received a Form 144 notice for a proposed sale of 1,000 common shares, with an aggregate market value of $150,000.

Rhea-AI Filing Summary

WMS received a Form 144 notice for a proposed sale of 1,000 common shares, with an aggregate market value of $150,000. The shares were acquired through equity awards in May 2024, including restricted stock and performance shares. The proposed sale is listed for 11/12/2025 on the NYSE, with Morgan Stanley Smith Barney LLC as broker. Shares outstanding were 77,764,487 at the time noted.

The award grants that comprise the 1,000 shares include restricted stock and performance shares acquired on specific May 2024 dates, aligning the planned sale amount with these issuances.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many WMS shares are planned for sale under this Form 144?

The notice covers a proposed sale of 1,000 common shares.

What is the aggregate market value of the proposed WMS share sale?

The filing lists an aggregate market value of $150,000.

When is the proposed sale date for the WMS shares?

The approximate sale date stated is 11/12/2025.

Which broker is listed for the WMS Form 144 sale?

The broker is Morgan Stanley Smith Barney LLC.

On which exchange is the WMS sale intended to occur?

The filing names the NYSE as the exchange.

How were the shares to be sold acquired?

They were acquired via restricted stock and performance share awards in May 2024.

How many WMS shares were outstanding at the time noted?

The table shows 77,764,487 shares outstanding.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/12/2025 - 04:42 PM EST Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001815777
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ADVANCED DRAINAGE SYSTEMS, INC.
SEC File Number	001-36557
Address of Issuer	4640 Trueman Boulevard Hilliard OHIO 43026
Phone	(614) 658-0050
Name of Person for Whose Account the Securities are To Be Sold	THOMAS WAUN
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	1000	150000.00	77764487	11/12/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/19/2024	Restricted Stock	Issuer			176	05/19/2024	Not Applicable
Common	05/16/2024	Performance Shares	Issuer			185	05/16/2024	Not Applicable
Common	05/22/2024	Restricted Stock	Issuer			370	05/22/2024	Not Applicable
Common	05/18/2024	Restricted Stock	Issuer			269	05/18/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	11/12/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Thomas J Waun
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)