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Advantage Solutions Inc. — Director's Dealing 2024
Jan 4, 2024
32822_dirs_2024-01-04_f14c05c3-8d42-419b-b624-0bf931e847bc.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Advantage Solutions Inc. (ADV)
CIK: 0001776661
Period of Report: 2023-12-28
Reporting Person: Pestello Jack Anthony (N/A)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 136279 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Restricted Stock Unit | $ | Class A Common Stock (348837) | Direct | ||
| Stock Option | $2.00 | 2033-06-01 | Class A Common Stock (666666) | Direct | |
| Stock Option | $5.00 | 2033-06-01 | Class A Common Stock (666667) | Direct | |
| Stock Option | $10.00 | 2033-06-01 | Class A Common Stock (666667) | Direct |
Footnotes
F1: Includes 116,279 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 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.
F3: The stock option will vest with respect to 400,000 shares on June 1, 2024, and with respect to the remaining shares on June 1, 2025.
F4: The stock option will vest with respect to (i) 133,334 shares on June 1, 2025, (ii) 400,000 shares on June 1, 2026, and (iii) 133,333 shares on June 1, 2027.
F5: The stock option will vest with respect to 266,667 shares on June 1, 2027, and with respect to the remaining shares on June 1, 2028.