Form 4: Karman Topco L.P. Reports Distribution of Advantage Solutions Inc. Shares
SEC Form 4 Filing
Karman Topco L.P. reports a distribution of Class A Common Stock of Advantage Solutions Inc. to its limited partners.
Summary
- On April 29, 2024, Karman Topco L.P. distributed 6,092,227 shares of Class A Common Stock of Advantage Solutions Inc.
- The distribution was made in-kind to certain limited partners of Karman Topco L.P. in exchange for their limited partner interests.
- Following the transaction, Karman Topco L.P. directly owns 180,709,086 shares of Advantage Solutions Inc. Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing detailing a distribution of shares, indicating a neutral sentiment.
Industry Context
This filing reflects changes in ownership structure within Advantage Solutions Inc., which is common as investment firms adjust their holdings.
Stakeholder Impact
- The distribution of shares may have a minor impact on the shareholder base of Advantage Solutions Inc.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of transaction: Distribution of Class A Common Stock. |
| 05/01/2024 | Date of signature for the report. |
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