Form 4 for ADV Advantage Solutions Inc.

Accepted 2022-03-03 00:00:00 ET · period of report 2022-03-01 · accession 0000947871-22-000322 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-03-03	2022-03-01	ADV	Griffin Jill L	Pres, CCO	M - OptEx	—	+231.0K	336.0K	+220%	—
D	2022-03-03	2022-03-01	ADV	Griffin Jill L	Pres, CCO	M - OptEx	$0.00	-231.0K	27.6K	-89%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2022-03-01	M	A	230,970	—	336,026	D	—	—	(F1) Shares of Class A Common Stock and restricted stock units with respect to Class A Common Stock (RSUs) were received upon the satisfaction of performance conditions of performance restricted stock units (PSUs) reported on this Form 4. 153.980 of these RSUs remain subject to service vesting scheduled to occur ratably on 1/4/2023 and 1/4/2024.
2	Derivative	Performance Restricted Stock Unit	2022-03-01	M	D	230,970	$0.00	27,600	D	— · — to —	230,970 Class A Common Stock	(F3) Represents PSUs remaining eligible to vest on 1/4/2024 subject to achievement of additional performance conditions. (F2) Represents an award of PSUs that is a contingent right to receive Class A Common Stock upon vesting. Effective as of March 1, 2022, the Issuer's compensation committee certified the performance results of the PSUs, resulting in the conversion of 230,970 units into shares of Class A Common Stock and Restricted Stock Units and the forfeiture for no consideration of 41,430 units previously reported as a component of the target award.