<SEC-DOCUMENT>0001965301-23-000112.txt : 20230823
<SEC-HEADER>0001965301-23-000112.hdr.sgml : 20230823
<ACCEPTANCE-DATETIME>20230823162019
ACCESSION NUMBER:		0001965301-23-000112
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230823
DATE AS OF CHANGE:		20230823

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADVANCED DRAINAGE SYSTEMS, INC.
		CENTRAL INDEX KEY:			0001604028
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTICS FOAM PRODUCTS [3086]
		IRS NUMBER:				510105665
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-36557
		FILM NUMBER:		231197844

	BUSINESS ADDRESS:	
		STREET 1:		4640 TRUEMAN BOULEVARD
		CITY:			HILLIARD
		STATE:			OH
		ZIP:			43026
		BUSINESS PHONE:		614-658-0050

	MAIL ADDRESS:	
		STREET 1:		4640 TRUEMAN BOULEVARD
		CITY:			HILLIARD
		STATE:			OH
		ZIP:			43026

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FISCHER ALEXANDER R
		CENTRAL INDEX KEY:			0001614401

	FILING VALUES:
		FORM TYPE:		144

	MAIL ADDRESS:	
		STREET 1:		C/O ADVANCED DRAINAGE SYSTEMS, INC.
		STREET 2:		4640 TRUEMAN BOULEVARD
		CITY:			HILLARD
		STATE:			OH
		ZIP:			43026
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
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  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001614401</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0001604028</issuerCik>
      <issuerName>ADVANCED DRAINAGE SYSTEMS, INC.</issuerName>
      <secFileNumber>001-36557</secFileNumber>
      <issuerAddress>
        <com:street1>4640 TRUEMAN BOULEVARD</com:street1>
        <com:city>HILLIARD</com:city>
        <com:stateOrCountry>OH</com:stateOrCountry>
        <com:zipCode>43026</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>614-658-0050</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>FISCHER ALEXANDER R</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Huntington Investment Company</name>
        <address>
          <com:street1>41S High Street HC0220</com:street1>
          <com:city>Columbus</com:city>
          <com:stateOrCountry>OH</com:stateOrCountry>
          <com:zipCode>43215</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>3112</noOfUnitsSold>
      <aggregateMarketValue>382682.00</aggregateMarketValue>
      <noOfUnitsOutstanding>78692236</noOfUnitsOutstanding>
      <approxSaleDate>08/23/2023</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>07/22/2021</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issurer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2036</amountOfSecuritiesAcquired>
      <paymentDate>07/22/2023</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>07/21/2022</acquiredDate>
      <natureOfAcquisitionTransaction>Stock Award</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1076</amountOfSecuritiesAcquired>
      <paymentDate>07/21/2022</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>08/23/2023</noticeDate>
      <signature>/s/ Carmen Zamores as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for FISCHER ALEXANDER R</signature>
    </noticeSignature>
  </formData>
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</SEC-DOCUMENT>
