Karman Topco L.P.

Activist

First SEC filing: May 18, 2026 · Latest: May 18, 2026

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Insider at

0 buys (P) 0 sells (S) Net: $0 + 8 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

No open-market trades on record; showing all filings.

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
May 14, 2026	ADV	J	190,324	—	—	6,998,347 Direct	-2.65%	Disposed	(price as of 2026-08-20)
Nov. 15, 2024	ADV	J	424,674	$3.24	$1,375,944	179,716,789 Direct	-0.24%	Disposed	-56.9% (price as of 2026-08-20)
Sept. 23, 2024	ADV	J	567,623	$3.91	$2,219,406	180,141,463 Direct	-0.31%	Disposed	-64.3% (price as of 2026-08-20)
April 29, 2024	ADV	J	6,092,227	—	—	180,709,086 Direct	-3.26%	Disposed	(price as of 2026-08-20)
Nov. 8, 2023	ADV	J	5,980,967	—	—	186,801,313 Direct	-3.10%	Disposed	(price as of 2026-08-20)
Sept. 16, 2023	ADV	J	15,967,720	—	—	192,782,280 Direct	-7.65%	Disposed	(price as of 2026-08-20)
Jan. 15, 2021	ADV	C	5,000,000	—	—	0 Direct	-100.00%	Disposed	(price as of 2026-08-20)
Jan. 15, 2021	ADV	C	5,000,000	—	—	208,750,000 Direct	+2.45%	Acquired	(price as of 2026-08-20)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
Jan. 15, 2021	ADV	Contingent Shares	Class A Common Stock (5,000,000)	—	—	5,000,000	Disposed

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
Nov. 6, 2020	ADV	Class A Common Stock	203,750,000	Direct
Nov. 6, 2020	ADV	Contingent Shares→ Class A Common Stock (5,000,000)	5,000,000	Direct