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

Role
COO, Retail Services
Signature
/s/ Bryce Robinson, Attorney-in-Fact
Issuer symbol
ADV
Transactions as of
28 Dec 2023
Net transactions value
$0
Form type
3
Filing time
04 Jan 2024, 17:00:13 UTC
Next filing
19 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ADV Class A Common Stock 296,373 28 Dec 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 28 Dec 2023 Class A Common Stock 5,428 Direct F2
holding ADV Performance Restricted Stock Unit 28 Dec 2023 Class A Common Stock 348,837 Direct F3
holding ADV Stock Option 28 Dec 2023 Class A Common Stock 333,333 $2.15 Direct F4
holding ADV Stock Option 28 Dec 2023 Class A Common Stock 333,333 $5.00 Direct F5
holding ADV Stock Option 28 Dec 2023 Class A Common Stock 333,334 $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.