Advanced Drainage director gifts 4,772 shares
WMS director Robert M. Eversole shifted 2,386 shares into a family revocable trust, leaving 2,253 shares held directly and 51,462 shares held indirectly.
Rhea-AI Filing Summary
ADVANCED DRAINAGE SYSTEMS, INC. (WMS) director Robert M. Eversole reported a restructuring of how he holds certain shares through bona fide gifts on September 1, 2026. He transferred 2,386 shares of common stock from his direct holdings to a revocable trust he serves as trustee for the benefit of himself, his spouse, and children.
After these transfers, he directly holds 2,253 shares, and the revocable trust holds 51,462 shares, reported as indirect ownership. No Rule 10b5-1 trading plan is reported in connection with these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,772 shares gifted
Gift
2 txns
Insider
EVERSOLE ROBERT M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 2,386 | $0.00 | $0.00 |
| Gift | Common Stock F1, F2 | 2,386 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 2,253 shares (Direct);
Common Stock — 51,462 shares (Indirect, Reporting Person's Revocable Trust)
Footnotes (2)
- F1. On September 1, 2026, the reporting person contributed 2,386 shares of common stock of Advanced Drainage Systems, Inc. to a revocable trust, of which the reporting person is trustee, for the benefit of the reporting person and the reporting person's spouse and children.
- F2. Shares held in revocable trust for the benefit of the reporting person and the reporting person's spouse and children.
Key Figures
Shares gifted from direct holdings: 2,386 shares
Direct holdings after transaction: 2,253 shares
Indirect holdings after transaction: 51,462 shares
+2 more
5 metrics
Shares gifted from direct holdings
2,386 shares
Common stock transferred on September 1, 2026 as a bona fide gift
Direct holdings after transaction
2,253 shares
WMS common stock held directly by Robert M. Eversole after September 1, 2026 gifts
Indirect holdings after transaction
51,462 shares
WMS common stock held indirectly via revocable trust after September 1, 2026 gifts
Gift price per share
$0.00 per share
Reported value for the 2,386-share gift transfer on September 1, 2026
Total gifted shares reported
4,772 shares
Aggregate gift transfers of WMS common stock on September 1, 2026 across direct and indirect entries
Key Terms
bona fide gift, revocable trust, indirect ownership, Rule 10b5-1
4 terms
bona fide gift financial
"transaction code description lists it as a bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
revocable trust financial
"shares contributed to and held in a revocable trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
indirect ownership financial
"51,462 shares reported as indirect ownership through a trust"
Rule 10b5-1 regulatory
"no Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transactions did WMS director Robert M. Eversole report on September 1, 2026?
He reported bona fide gift transfers of 2,386 WMS common shares, moving them from direct ownership into a revocable trust where he is trustee, for the benefit of himself, his spouse, and children.
Were the WMS insider transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is associated with these reported WMS share transfers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
