Advanced Drainage Systems (WMS) Director Robert M. Eversole Gifts 2,386 Shares

What Happened

• Robert M. Eversole, a director of Advanced Drainage Systems, Inc. (WMS), reported a gift transaction on 2026-09-01 transferring 2,386 shares of common stock into a revocable trust. The reported price per share is $0.00 (gift), so the transaction has no cash value reported.

Key Details

• Transaction date: September 1, 2026 (reported on Form 4 filed September 3, 2026).
• Transaction type/code: Gift (G). The Form 4 records a disposition (2,386 shares) and an acquisition (2,386 shares) reflecting the transfer into the trust at $0.00.
• Shares owned after transaction: Not specified in this filing; the 2,386 shares are now held in a revocable trust.
• Footnotes: (F1) Eversole contributed 2,386 shares to a revocable trust of which he is trustee for the benefit of himself, his spouse, and children. (F2) Shares held in a revocable trust for those beneficiaries.
• Timeliness: Filed two days after the reported transaction date; no indication in the filing that it was late.

Context

• Gifts are transfers of ownership and do not necessarily indicate buy- or sell-side market sentiment. Here, the shares were moved into a revocable trust (Eversole serves as trustee) for the benefit of family members—often an estate or family-planning mechanism rather than a trading decision.