GAST KELLY S. 4

What Happened Kelly S. Gast, a director of Advanced Drainage Systems, was granted 1,110 shares on July 16, 2026. The Form 4 reports the transaction as an award/acquisition (code A) at $0.00 per share (acquired value $0), indicating shares were issued as compensation or a grant rather than purchased.

Key Details

• Transaction date: 2026-07-16 (reported on Form 4 filed 2026-07-20).
• Transaction type/code: Award/Grant (A). Price reported: $0.00 per share; total reported cash consideration: $0.
• Shares acquired: 1,110.
• Shares owned after transaction: not specified in the provided filing details.
• No immediate sale, tax-withholding sale, or 10b5-1 plan is indicated in the transaction details provided.
• Filing timeliness: Report filed within the Form 4 deadline (filed two business days after the transaction), so not marked late.

Context Grants like this are commonly part of director compensation (restricted shares or similar) and do not necessarily reflect a purchase-driven bullish signal. Because the shares were issued at $0, the transaction represents compensation rather than an out-of-pocket investment by the director. Retail investors should view such awards as routine executive/director compensation unless coupled with purchases or sales that show a change in insider conviction.