Advantage Solutions Inc. 10-Q

ITEM 1A. RISK FACTORS There have been no material changes to the risk factors disclosed under Part I, Item 1A “Risk Factors” in the 2024 Annual Report, the current effects of which are discussed in more detail in Part I, Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of this Quarterly Report on Form 10-Q. These risks are not the only risks that may affect us. Additional risks that we are not aware of or do not believe are material at the time of this filing may also become important factors that adversely affect our business. Item 2. U nregistered Sales of Equity Securities and Use of Proceeds On November 9, 2021, we announced that our board of directors authorized a share repurchase program (the “2021 Share Repurchase Program”) pursuant to which we may repurchase up to $100.0 million of our Class A common stock. The 2021 Share Repurchase Program does not have an expiration date but provides for suspension or discontinuation at any time. The 2021 Share Repurchase Program permits the repurchase of our Class A common stock on the open market and by other means, including plans complying with Rule 10b5-1 under the Exchange Act. The timing and amount of any share repurchase is subject to prevailing market conditions, relevant securities laws and other considerations, and we are under no obligation to repurchase any specific number of shares. During the three months ended March 31, 2025, we executed open market purchases of $0.9 million of our Class A common stock under the 2021 Share Repurchase Program. As of March 31, 2025, there remained $46.2 million of share repurchase availability under the 2021 Share Repurchase Program. The following tables sets forth repurchases of our Class A common stock during the three months ended March 31, 2025: Period Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans Approximate dollar value of shares that may yet be purchased under the plan (in thousands) January 1, 2025 to January 31, 2025 — — — $ 47,023 February 1, 2025 to February 28, 2025 — — — $ 47,023 March 1, 2025 to March 31, 2025 494,442 $ 1.76 12,894,517 $ 46,154 Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.