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

Role: CFO & COO
Signature: /s/ Bryce Robinson, Attorney-in-Fact
Issuer symbol: ADV
Transactions as of: 11 Mar 2023
Net transactions value: -$56,845
Form type: 4
Filing time: 14 Mar 2023, 17:30:11 UTC
Previous filing: 20 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADV	Class A Common Stock	Options Exercise	$0	+24,306	+6.7%	$0.000000	388,827	11 Mar 2023	Direct	F1
transaction	ADV	Class A Common Stock	Tax liability	$56,845	-28,141	-7.2%	$2.02	360,686	11 Mar 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	-24,306	-13%	$0.000000	166,945	11 Mar 2023	Class A Common Stock	24,306		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.