TAYLOR CRAIG J. 4

What Happened

• Craig J. Taylor, Executive Vice President of Advanced Drainage Systems, had 152 shares of company stock withheld to satisfy tax obligations tied to the vesting of restricted common stock. The shares were valued at $133.00 each, totaling $20,216. The transaction is recorded as a disposition (tax withholding), not an open-market sale.

Key Details

• Transaction date: May 22, 2026; Filing date: May 27, 2026 (timely filing).
• Price per share: $133.00; Total value of shares withheld: $20,216.
• Transaction type: Tax withholding/settlement of tax liability in connection with vesting (code F).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote F1: Confirms shares were withheld to satisfy the Reporting Person’s tax obligations on vesting of restricted stock.
• Footnote F2: Notes 89 shares were acquired under the company’s Employee Stock Purchase Plan (ESPP) and are exempt under Rule 16b-3(c).

Context

• This was a tax-withholding disposition (common when restricted stock vests) rather than a voluntary open-market sale—generally considered an administrative transaction and not a direct signal of trading sentiment.
• For retail investors, withholding transactions simply reflect payroll-tax settlement and typically do not imply insider confidence or concern about the company’s outlook.