Form 4: Advantage Solutions Director James M. Kilts Increases Stake in Company
SEC Form 4
Director James M. Kilts of Advantage Solutions Inc. reports purchasing additional shares of Class A Common Stock in two transactions.
Summary
- On May 15, 2025, James M. Kilts, a director of Advantage Solutions Inc., purchased 10,005 shares of Class A Common Stock at a weighted average price of $1.0836 per share.
- The prices for these shares ranged from $1.075 to $1.09.
- Following this transaction, Kilts directly owned 939,482 shares.
- On May 16, 2025, Kilts purchased an additional 27,541 shares of Class A Common Stock at a weighted average price of $1.2774 per share.
- The prices for these shares ranged from $1.195 to $1.30.
- Following this second transaction, Kilts directly owned 967,023 shares.
Sentiment
Score: 6
Explanation: Insider buying is generally viewed as a positive sign, but the scale of the purchase is relatively small compared to the director's existing holdings.
Positives
- A director's purchase of shares can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Director share purchases are common and closely watched as indicators of management's sentiment about the company's prospects. It is a common practice for directors to purchase shares in the open market.
Stakeholder Impact
- The increased stake of a director could positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | James M. Kilts purchased 10,005 shares of Class A Common Stock. |
| 05/16/2025 | James M. Kilts purchased 27,541 shares of Class A Common Stock. |
| 05/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Advantage Solutions Inc., James M. Kilts, Class A Common Stock, Director, Share Purchase, Form 4, Beneficial Ownership
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