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Advantage Solutions Inc. — Director's Dealing 2024
Jan 4, 2024
32822_dirs_2024-01-04_6a692c1d-eeb7-4f68-b7d3-6561a9a68308.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: Taylor Michael Larry (N/A)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 296373 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Performance Restricted Stock Unit | $ | Class A Common Stock (5428) | Direct | ||
| Performance Restricted Stock Unit | $ | Class A Common Stock (348837) | Direct | ||
| Stock Option | $2.15 | 2033-06-12 | Class A Common Stock (333333) | Direct | |
| Stock Option | $5.00 | 2033-06-12 | Class A Common Stock (333333) | Direct | |
| Stock Option | $10.00 | 2033-06-12 | Class A Common Stock (333334) | Direct |
Footnotes
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.