[Form 4] ADVANCED DRAINAGE SYSTEMS, INC. Insider Trading Activity

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ADVANCED DRAINAGE SYSTEMS, INC. reported compensation-related equity awards for officer Patrick M. Coyle Jr. He received a grant of 1,252 shares of Common Stock at no cost, bringing his direct holdings to 10,065 shares.

He was also granted an option to purchase 2,787 shares of Common Stock at an exercise price of $138.09 per share, expiring on May 27, 2036. These options vest in three equal annual installments beginning on May 26, 2027, contingent on continued employment. In addition, he holds 4,310.908 shares indirectly through a KSOP allocation. The filing shows no open-market purchases or sales.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Coyle Patrick M. Jr

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Option to Purchase Common Stock	2,787	$0.00	--
Grant/Award	Common Stock	1,252	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Option to Purchase Common Stock — 2,787 shares (Direct, null); Common Stock — 10,065 shares (Direct, null); Common Stock — 4,310.908 shares (Indirect, By KSOP)

Footnotes (1)

Represents current allocation under KSOP. The options vest in three equal annual installments beginning on May 26, 2027, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Key Figures

Common Stock grant: 1,252 shares Direct holdings after grant: 10,065 shares Option grant size: 2,787 options +3 more

6 metrics

Common Stock grant 1,252 shares Equity grant at $0.00 per share on May 26, 2026

Direct holdings after grant 10,065 shares Common Stock directly owned after transactions

Option grant size 2,787 options Option to purchase Common Stock granted May 26, 2026

Option exercise price $138.09 per share Strike price for options on 2,787 shares

Option expiration date May 27, 2036 Expiration for options on 2,787 shares

Indirect KSOP holdings 4,310.908 shares Common Stock held indirectly via KSOP allocation

Key Terms

KSOP, Grant, award, or other acquisition, Option to Purchase Common Stock, vesting

4 terms

KSOP financial

"Represents current allocation under KSOP."

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

Option to Purchase Common Stock financial

"security_title: Option to Purchase Common Stock"

vesting financial

"The options vest in three equal annual installments beginning on May 26, 2027"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Form 4 Insider Transactions: What Each Field Means →

05/28/2026 - 04:05 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Coyle Patrick M. Jr

(Last)

(First)

(Middle)

C/O ADVANCED DRAINAGE SYSTEMS, INC.

4024 GREEN STRIPE LANE

(Street)

HILLIARD

OHIO

43026

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ADVANCED DRAINAGE SYSTEMS, INC. [ WMS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/26/2026		A		1,252	A	$0	10,065	D
Common Stock								4,310.908	I	By KSOP⁽¹⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Purchase Common Stock	$138.09	05/26/2026		A		2,787		⁽²⁾	05/27/2036	Common Stock	2,787	$0	2,787	D

Explanation of Responses:

1. Represents current allocation under KSOP.

2. The options vest in three equal annual installments beginning on May 26, 2027, provided that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.

Remarks:

Executive Vice President, Supply Chain Management

	/s/ Patrick M. Coyle, Jr., by Scott A. Cottrill as attorney-in-fact	05/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Patrick M. Coyle Jr receive in this ADVANCED DRAINAGE SYSTEMS (WMS) Form 4 filing?

Patrick M. Coyle Jr received equity compensation awards, including new common shares and stock options. The filing reports a share grant, an option grant, and updated direct and indirect holdings, with no open-market purchases or sales disclosed.

How many ADVANCED DRAINAGE SYSTEMS (WMS) shares were granted to Patrick M. Coyle Jr?

He received a grant of 1,252 shares of Common Stock at a price of $0.00 per share. Following this award, his directly held Common Stock position increased to a total of 10,065 shares as reported in the filing.

What stock options were granted to Patrick M. Coyle Jr in ADVANCED DRAINAGE SYSTEMS (WMS)?

He was granted options covering 2,787 shares of Common Stock with an exercise price of $138.09 per share. These options expire on May 27, 2036 and represent a new derivative position awarded as equity compensation.

How do the ADVANCED DRAINAGE SYSTEMS (WMS) options awarded to Coyle vest over time?

The options vest in three equal annual installments beginning on May 26, 2027. Vesting is conditioned on Patrick M. Coyle Jr remaining continuously employed by ADVANCED DRAINAGE SYSTEMS through each applicable vesting date as described in the footnote.

What are Patrick M. Coyle Jr’s direct and indirect ADVANCED DRAINAGE SYSTEMS (WMS) holdings after these transactions?

After the reported transactions, he directly owns 10,065 shares of Common Stock. He also has an indirect interest in 4,310.908 shares through a KSOP allocation, in addition to the newly granted options on 2,787 shares.

Does this ADVANCED DRAINAGE SYSTEMS (WMS) Form 4 show any stock sales by Patrick M. Coyle Jr?

The Form 4 does not report any stock sales or open-market purchases. It records compensation-related acquisitions of common shares and stock options, plus a KSOP allocation entry, making the activity primarily award and holding updates rather than trading.