Brian Stevens - Mar 11, 2023 Form 4 Insider Report for Advantage Solutions Inc. (ADV)

Role: CFO & COO
Signature: /s/ Bryce Robinson, Attorney-in-Fact
Stock symbol: ADV
Transactions as of: Mar 11, 2023
Transactions value $: -$56,845
Form type: 4
Date filed: 3/14/2023, 05:30 PM
Previous filing: Jan 20, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADV	Class A Common Stock	Options Exercise	$0	+24.3K	+6.67%	$0.00	389K	Mar 11, 2023	Direct	F1
transaction	ADV	Class A Common Stock	Tax liability	-$56.8K	-28.1K	-7.24%	$2.02	361K	Mar 11, 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	-24.3K	-12.71%	$0.00	167K	Mar 11, 2023	Class A Common Stock	24.3K		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.
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, 59,166 of the PSUs originally awarded to the Reporting Person were cancelled for no consideration. Subject to the achievement of certain performance conditions based on Adjusted EBITDA and Revenue, the remaining PSUs are scheduled to vest over a two-year period and may vest from 0% to 150% of the target number of PSUs reported on this Form 4.