STOCK TITAN

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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Metropolitan Bank Holding Corp. (MCB) filed a Form 144 signaling a prospective insider sale. Seller: Scott Lublin. Planned sale: up to 5,000 common shares through Fidelity Brokerage Services on or about 21 Jul 2025. Based on the indicated price, the transaction is valued at $393,222. With 10.66 million shares outstanding, the notice covers roughly 0.05 % of the float, a de-minimis level.

The shares originated from a restricted-stock vesting event on 18 Mar 2021 and were received as compensation. The filer already disposed of 5,000 shares on 20 Jun 2025, generating gross proceeds of $325,126. Form 144 is a notification only; the full amount may or may not be sold.

Because of the transaction’s small size and routine nature, the filing is unlikely to be materially impactful for most investors, but it provides incremental insight into the insider’s liquidity actions and potential sentiment.

Metropolitan Bank Holding Corp. (MCB) ha presentato un Modulo 144 che segnala una possibile vendita da parte di un insider. Venditore: Scott Lublin. Vendita prevista: fino a 5.000 azioni ordinarie tramite Fidelity Brokerage Services intorno al 21 lug 2025. In base al prezzo indicato, l’operazione ha un valore di 393.222 $. Con 10,66 milioni di azioni in circolazione, la comunicazione riguarda circa lo 0,05% del flottante, una quantità trascurabile.

Le azioni derivano da un evento di maturazione di azioni vincolate avvenuto il 18 mar 2021 e sono state ricevute come compenso. Il dichiarante ha già venduto 5.000 azioni il 20 giu 2025, generando un ricavo lordo di 325.126 $. Il Modulo 144 è solo una notifica; l’intera quantità potrebbe non essere venduta.

Data la dimensione ridotta e la natura ordinaria dell’operazione, la comunicazione è probabilmente priva di impatto rilevante per la maggior parte degli investitori, ma offre informazioni aggiuntive sulle azioni di liquidità e il potenziale sentiment dell’insider.

Metropolitan Bank Holding Corp. (MCB) presentó un Formulario 144 que indica una posible venta por parte de un insider. Vendedor: Scott Lublin. Venta planificada: hasta 5.000 acciones ordinarias a través de Fidelity Brokerage Services alrededor del 21 jul 2025. Según el precio indicado, la transacción tiene un valor de $393,222. Con 10,66 millones de acciones en circulación, el aviso cubre aproximadamente el 0,05 % del float, un nivel insignificante.

Las acciones provienen de un evento de adquisición de acciones restringidas el 18 de marzo de 2021 y fueron recibidas como compensación. El declarante ya vendió 5.000 acciones el 20 de junio de 2025, generando ingresos brutos de $325,126. El Formulario 144 es solo una notificación; la cantidad total puede o no ser vendida.

Debido al pequeño tamaño y naturaleza rutinaria de la transacción, la presentación probablemente no tendrá un impacto material para la mayoría de los inversores, pero ofrece información adicional sobre las acciones de liquidez y el posible sentimiento del insider.

Metropolitan Bank Holding Corp. (MCB)가 내부자 매도를 예고하는 Form 144를 제출했습니다. 판매자: Scott Lublin. 예정 매도량: 2025년 7월 21일경 Fidelity Brokerage Services를 통해 최대 5,000주 보통주 매도 예정입니다. 표시된 가격 기준으로 거래 가치는 $393,222입니다. 총 발행 주식 수가 1,066만 주인 가운데, 이번 공시는 유통 주식의 약 0.05%에 해당하는 아주 적은 규모입니다.

해당 주식은 2021년 3월 18일에 발생한 제한 주식 베스팅 이벤트에서 지급된 보상 주식입니다. 신고자는 이미 2025년 6월 20일에 5,000주를 처분하여 총 수익 $325,126를 얻었습니다. Form 144는 단순 통지용이며, 전체 수량이 매도될지 여부는 확실하지 않습니다.

거래 규모가 작고 일상적인 성격이기 때문에 이번 신고는 대부분 투자자에게 중대한 영향이 없을 가능성이 높지만, 내부자의 유동성 행동과 잠재적 심리에 대한 추가 정보를 제공합니다.

Metropolitan Bank Holding Corp. (MCB) a déposé un formulaire 144 annonçant une éventuelle vente par un initié. Vendeur : Scott Lublin. Vente prévue : jusqu’à 5 000 actions ordinaires via Fidelity Brokerage Services aux alentours du 21 juillet 2025. Selon le prix indiqué, la transaction est estimée à 393 222 $. Avec 10,66 millions d’actions en circulation, cet avis couvre environ 0,05 % du flottant, un niveau négligeable.

Les actions proviennent d’un événement de vesting d’actions restreintes survenu le 18 mars 2021 et ont été reçues en tant que rémunération. Le déclarant a déjà cédé 5 000 actions le 20 juin 2025, générant un produit brut de 325 126 $. Le formulaire 144 est une simple notification ; la totalité des actions ne sera pas nécessairement vendue.

En raison de la petite taille et du caractère routinier de la transaction, ce dépôt est peu susceptible d’avoir un impact significatif pour la plupart des investisseurs, mais il offre un aperçu supplémentaire des actions de liquidité et du sentiment potentiel de l’initié.

Metropolitan Bank Holding Corp. (MCB) hat ein Formular 144 eingereicht, das einen bevorstehenden Insider-Verkauf ankündigt. Verkäufer: Scott Lublin. Geplanter Verkauf: bis zu 5.000 Stammaktien über Fidelity Brokerage Services etwa am 21. Juli 2025. Basierend auf dem angegebenen Preis hat die Transaktion einen Wert von 393.222 $. Bei 10,66 Millionen ausstehenden Aktien deckt die Meldung etwa 0,05 % des Streubesitzes ab, ein vernachlässigbar kleiner Anteil.

Die Aktien stammen aus einem Restricted-Stock-Vesting-Ereignis vom 18. März 2021 und wurden als Vergütung erhalten. Der Melder hat bereits am 20. Juni 2025 5.000 Aktien verkauft, was Bruttoerlöse von 325.126 $ einbrachte. Formular 144 ist nur eine Benachrichtigung; der gesamte Betrag muss nicht unbedingt verkauft werden.

Aufgrund der geringen Größe und routinemäßigen Natur der Transaktion ist die Meldung für die meisten Investoren wahrscheinlich ohne wesentliche Auswirkungen, bietet jedoch zusätzliche Einblicke in die Liquiditätsmaßnahmen und die potenzielle Stimmung des Insiders.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine Form 144 for 0.05 % of float; negligible fundamental impact.

The planned 5 K-share sale equates to roughly one half of one-tenth of a percent of outstanding stock. That scale rarely pressures liquidity or signals major strategic change. Valued under $0.4 M, it does not alter capital structure or insider ownership meaningfully. Prior 5 K-share sale in June shows consistent monetisation pace but still leaves overall stake largely intact. I view the filing as informational, not directional; impact on valuation or trading dynamics should be minimal.

TL;DR: Single-insider liquidity event; governance risk unchanged.

Form 144 confirms compliance with Rule 144 disclosure norms. No evidence of undisclosed adverse information is attested. The shares stem from equity compensation, a common incentive vehicle, and sale timing appears scheduled rather than reactive. While repeated disposals can be read as modest bearish sentiment, the magnitude fails the materiality threshold for heightened governance concern. Overall, this is a standard, low-risk insider filing.

Metropolitan Bank Holding Corp. (MCB) ha presentato un Modulo 144 che segnala una possibile vendita da parte di un insider. Venditore: Scott Lublin. Vendita prevista: fino a 5.000 azioni ordinarie tramite Fidelity Brokerage Services intorno al 21 lug 2025. In base al prezzo indicato, l’operazione ha un valore di 393.222 $. Con 10,66 milioni di azioni in circolazione, la comunicazione riguarda circa lo 0,05% del flottante, una quantità trascurabile.

Le azioni derivano da un evento di maturazione di azioni vincolate avvenuto il 18 mar 2021 e sono state ricevute come compenso. Il dichiarante ha già venduto 5.000 azioni il 20 giu 2025, generando un ricavo lordo di 325.126 $. Il Modulo 144 è solo una notifica; l’intera quantità potrebbe non essere venduta.

Data la dimensione ridotta e la natura ordinaria dell’operazione, la comunicazione è probabilmente priva di impatto rilevante per la maggior parte degli investitori, ma offre informazioni aggiuntive sulle azioni di liquidità e il potenziale sentiment dell’insider.

Metropolitan Bank Holding Corp. (MCB) presentó un Formulario 144 que indica una posible venta por parte de un insider. Vendedor: Scott Lublin. Venta planificada: hasta 5.000 acciones ordinarias a través de Fidelity Brokerage Services alrededor del 21 jul 2025. Según el precio indicado, la transacción tiene un valor de $393,222. Con 10,66 millones de acciones en circulación, el aviso cubre aproximadamente el 0,05 % del float, un nivel insignificante.

Las acciones provienen de un evento de adquisición de acciones restringidas el 18 de marzo de 2021 y fueron recibidas como compensación. El declarante ya vendió 5.000 acciones el 20 de junio de 2025, generando ingresos brutos de $325,126. El Formulario 144 es solo una notificación; la cantidad total puede o no ser vendida.

Debido al pequeño tamaño y naturaleza rutinaria de la transacción, la presentación probablemente no tendrá un impacto material para la mayoría de los inversores, pero ofrece información adicional sobre las acciones de liquidez y el posible sentimiento del insider.

Metropolitan Bank Holding Corp. (MCB)가 내부자 매도를 예고하는 Form 144를 제출했습니다. 판매자: Scott Lublin. 예정 매도량: 2025년 7월 21일경 Fidelity Brokerage Services를 통해 최대 5,000주 보통주 매도 예정입니다. 표시된 가격 기준으로 거래 가치는 $393,222입니다. 총 발행 주식 수가 1,066만 주인 가운데, 이번 공시는 유통 주식의 약 0.05%에 해당하는 아주 적은 규모입니다.

해당 주식은 2021년 3월 18일에 발생한 제한 주식 베스팅 이벤트에서 지급된 보상 주식입니다. 신고자는 이미 2025년 6월 20일에 5,000주를 처분하여 총 수익 $325,126를 얻었습니다. Form 144는 단순 통지용이며, 전체 수량이 매도될지 여부는 확실하지 않습니다.

거래 규모가 작고 일상적인 성격이기 때문에 이번 신고는 대부분 투자자에게 중대한 영향이 없을 가능성이 높지만, 내부자의 유동성 행동과 잠재적 심리에 대한 추가 정보를 제공합니다.

Metropolitan Bank Holding Corp. (MCB) a déposé un formulaire 144 annonçant une éventuelle vente par un initié. Vendeur : Scott Lublin. Vente prévue : jusqu’à 5 000 actions ordinaires via Fidelity Brokerage Services aux alentours du 21 juillet 2025. Selon le prix indiqué, la transaction est estimée à 393 222 $. Avec 10,66 millions d’actions en circulation, cet avis couvre environ 0,05 % du flottant, un niveau négligeable.

Les actions proviennent d’un événement de vesting d’actions restreintes survenu le 18 mars 2021 et ont été reçues en tant que rémunération. Le déclarant a déjà cédé 5 000 actions le 20 juin 2025, générant un produit brut de 325 126 $. Le formulaire 144 est une simple notification ; la totalité des actions ne sera pas nécessairement vendue.

En raison de la petite taille et du caractère routinier de la transaction, ce dépôt est peu susceptible d’avoir un impact significatif pour la plupart des investisseurs, mais il offre un aperçu supplémentaire des actions de liquidité et du sentiment potentiel de l’initié.

Metropolitan Bank Holding Corp. (MCB) hat ein Formular 144 eingereicht, das einen bevorstehenden Insider-Verkauf ankündigt. Verkäufer: Scott Lublin. Geplanter Verkauf: bis zu 5.000 Stammaktien über Fidelity Brokerage Services etwa am 21. Juli 2025. Basierend auf dem angegebenen Preis hat die Transaktion einen Wert von 393.222 $. Bei 10,66 Millionen ausstehenden Aktien deckt die Meldung etwa 0,05 % des Streubesitzes ab, ein vernachlässigbar kleiner Anteil.

Die Aktien stammen aus einem Restricted-Stock-Vesting-Ereignis vom 18. März 2021 und wurden als Vergütung erhalten. Der Melder hat bereits am 20. Juni 2025 5.000 Aktien verkauft, was Bruttoerlöse von 325.126 $ einbrachte. Formular 144 ist nur eine Benachrichtigung; der gesamte Betrag muss nicht unbedingt verkauft werden.

Aufgrund der geringen Größe und routinemäßigen Natur der Transaktion ist die Meldung für die meisten Investoren wahrscheinlich ohne wesentliche Auswirkungen, bietet jedoch zusätzliche Einblicke in die Liquiditätsmaßnahmen und die potenzielle Stimmung des Insiders.

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).
1. Name and Address of Reporting Person*
EVERSOLE ROBERT M

(Last) (First) (Middle)
C/O ADVANCED DRAINAGE SYSTEMS, INC.
4640 TRUEMAN BOULEVARD

(Street)
HILLIARD OH 43026

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ADVANCED DRAINAGE SYSTEMS, INC. [ WMS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/17/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 07/17/2025 A 2,386 A $0.00 6,486 D
Common Stock 56,545 I Reporting Person's Revocable Trust(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares held in revocable trust for the benefit of the reporting person and the reporting person's spouse and children.
/s/ Robert M. Eversole, by Scott A. Cottrill as attorney-in-fact 07/21/2025
** 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.

FAQ

How many Metropolitan Bank (MCB) shares are registered for sale in this Form 144?

Up to 5,000 common shares are listed for potential sale.

What is the estimated dollar value of the proposed insider sale?

The filing cites an aggregate market value of approximately $393,222.

When is the insider planning to sell the MCB shares?

The approximate sale date disclosed is July 21, 2025.

What percentage of Metropolitan Bank’s outstanding shares does 5,000 shares represent?

Given 10,660,109 shares outstanding, the proposed sale equals about 0.05 % of total shares.

Were there prior sales by the same insider in the last three months?

Yes, the insider sold 5,000 shares on June 20, 2025 for gross proceeds of $325,126.
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