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Insider Selling at Advanced Drainage Systems Raises Concerns for Shareholders
Original source: Best Stocks
On September 15, 2023, Anil Seetharam, the Director at Advanced Drainage Systems, made a significant move by selling a whopping 80,000 shares of the company. This transaction amounted to an impressive $9,789,841, as disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission.
On September 15, 2023, Ross M Jones, the Director at Advanced Drainage Systems (NYSE:WMS), made a significant move by selling 80,000 shares of the company’s stock. The transaction, which was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission, amounted to a staggering $9,789,841. Following the completion of the transaction, the director now directly owns 762,895 shares in the company, valued at $94,339,595.70. The sale was disclosed in a filing with the SEC.
On September 12, 2023, Tim Makowski, a key insider at Advanced Drainage Systems Inc (NYSE:WMS), sold 2,500 shares of the company at a value of $308,875. This is part of a series of insider transactions that have occurred at the company over the past year.
Advanced Drainage Systems Inc is a leading provider of water management solutions in the stormwater and on-site septic wastewater industries.
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