Dean Kaye - 11 Mar 2023 Form 4/A - Amendment Insider Report for Advantage Solutions Inc. (ADV)

Role
CFO - North America
Signature
/s/ Bryce Robinson, Attorney-in-Fact
Issuer symbol
ADV
Transactions as of
11 Mar 2023
Net transactions value
-$39,008
Form type
4/A - Amendment
Filing time
05 Jun 2023, 16:48:49 UTC
Date Of Original Report
14 Mar 2023
Previous filing
20 Jan 2023
Next filing
15 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ADV Class A Common Stock Options Exercise $0 +50,042 +44% $0.000000 164,525 11 Mar 2023 Direct F1
transaction ADV Class A Common Stock Tax liability $39,008 -19,311 -12% $2.02 145,214 11 Mar 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ADV Performance Restricted Stock Unit Options Exercise $0 -50,042 -100% $0.000000* 0 11 Mar 2023 Class A Common Stock 50,042 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the partial vesting of a Performance Restricted Stock Unit (PSU) award originally granted on March 11, 2022. Includes 33,362 PSUs that remain subject to a time-based vesting requirement, 50% of which will vest on each of March 11, 2024 and March 11, 2025.
F2 Represents shares withheld by the Company to satisfy tax withholding requirements on vesting of the PSUs and restricted stock units previously reported in Table I as Class A Common Stock.
F3 In connection with the vesting reported herein, 121,806 of the PSUs originally awarded to the Reporting Person were cancelled for no consideration.

Remarks:

This amendment is being filed to restate the Form 4 originally filed on behalf of the Reporting Person on March 14, 2023 and shall be deemed to amend the total number of shares of Class A Common Stock reported as beneficially owned by the Reporting Person in the Form 4 filed on behalf of the Reporting Person on March 15, 2023.