Advantage Solutions (ADV) CAO has shares withheld to cover taxes
Rhea-AI Filing Summary
Advantage Solutions Inc. Chief Accounting Officer Daniel Gore reported a routine tax-related share disposition. On the vesting of restricted stock units, 1,785 shares of Class A common stock were withheld by the company at $19.19 per share to satisfy tax withholding requirements.
After this withholding, Gore directly held 6,665 shares of Class A common stock. The reported share amounts reflect a 1-for-25 reverse stock split that the company effected on March 26, 2026. The transaction was not an open-market sale but an administrative tax-settlement event.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,785 shares
Net Sell
1 txn
Insider
Gore Daniel
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 1,785 | $19.19 | $34K |
Holdings After Transaction:
Class A Common Stock — 6,665 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld by the Company to satisfy tax withholding requirements on vesting of restricted stock units.
- F2. The amount of shares reported herein reflects a 1-for-25 reverse stock split that was effected by the Issuer on March 26, 2026.
Key Figures
Shares withheld for taxes: 1,785 shares
Tax withholding price: $19.19 per share
Shares held after transaction: 6,665 shares
+1 more
4 metrics
Shares withheld for taxes
1,785 shares
Withheld on RSU vesting for tax obligations
Tax withholding price
$19.19 per share
Value used for withheld Class A common stock
Shares held after transaction
6,665 shares
Direct Class A common stock holdings after withholding
Reverse stock split ratio
1-for-25
Reverse split effected on March 26, 2026
Key Terms
restricted stock units, reverse stock split, tax withholding requirements
3 terms
restricted stock units financial
"tax withholding requirements on vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
reverse stock split financial
"reflects a 1-for-25 reverse stock split that was effected"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
tax withholding requirements financial
"withheld by the Company to satisfy tax withholding requirements"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Advantage Solutions (ADV) report for Daniel Gore?
Advantage Solutions reported that Chief Accounting Officer Daniel Gore had 1,785 shares of Class A common stock withheld to cover tax obligations on vested restricted stock units, an administrative disposal rather than an open-market sale.
Was Daniel Gore’s Advantage Solutions (ADV) transaction an open-market sale?
No, Daniel Gore’s transaction was not an open-market sale. The 1,785 shares of Class A common stock were withheld by Advantage Solutions to satisfy tax withholding requirements triggered by the vesting of his restricted stock units.