Michael Larry Taylor - Dec 28, 2023 Form 3 Insider Report for Advantage Solutions Inc. (ADV)

Role
COO, Retail Services
Signature
/s/ Bryce Robinson, Attorney-in-Fact
Stock symbol
ADV
Transactions as of
Dec 28, 2023
Transactions value $
$0
Form type
3
Date filed
1/4/2024, 05:00 PM
Next filing
Jan 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ADV Class A Common Stock 296K Dec 28, 2023 Direct F1

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
holding ADV Performance Restricted Stock Unit Dec 28, 2023 Class A Common Stock 5.43K Direct F2
holding ADV Performance Restricted Stock Unit Dec 28, 2023 Class A Common Stock 349K Direct F3
holding ADV Stock Option Dec 28, 2023 Class A Common Stock 333K $2.15 Direct F4
holding ADV Stock Option Dec 28, 2023 Class A Common Stock 333K $5.00 Direct F5
holding ADV Stock Option Dec 28, 2023 Class A Common Stock 333K $10.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 210,155 restricted stock units (RSUs), each of which represents a contingent right to receive Class A Common Stock upon vesting in accordance with the applicable award.
F2 Performance restricted stock units (PSUs) represent a contingent right to receive Class A Common Stock upon vesting. Subject to the achievement of a performance condition based on Revenue, the PSUs are scheduled to vest on January 4, 2024 either at 0% or 100% of the number of PSUs reported on this Form 3.
F3 Performance restricted stock units (PSUs) represent a contingent right to receive Class A Common Stock upon vesting. Subject to the achievement of certain performance conditions based on Adjusted EBITDA and Revenue, the PSUs are scheduled to vest over a three-year period and may vest from 0% to 150% of the target number of PSUs reported on this Form 3.
F4 The stock option will vest with respect to 200,000 shares on June 12, 2024, and with respect to the remaining shares on June 12, 2025.
F5 The stock option will vest with respect to (i) 66,667 shares on June 12, 2025, (ii) 200,000 shares on June 12, 2026, and (iii) 66,666 shares on June 12, 2027.
F6 The stock option will vest with respect to 133,334 shares on June 12, 2027, and with respect to the remaining shares on June 12, 2028.

Remarks:

Exhibit 24 - Power of Attorney.