Filing Details
- Accession Number:
- 0001127602-25-016719
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2025-06-04 16:03:23
- Reporting Period:
- 2025-06-02
- Filing Date:
- 2025-06-04
- Accepted Time:
- 2025-06-04 16:03:23
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1210677 | First Advantage Corp | FA | Services-Computer Processing & Data Preparation (7374) | 843884690 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1927987 | M Joelle Smith | C/O First Advantage Corporation 1 Concourse Parkway Ne, Suite 200 Atlanta GA 30328 | President | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2025-06-02 | 28,000 | $5.11 | 88,661 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2025-06-02 | 45,934 | $16.99 | 42,727 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Stock Options (Right to Buy) | Disposition | 2025-06-02 | 28,000 | $0.00 | 28,000 | $5.11 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 215,280 | 2030-02-09 | No | 4 | M | Direct |
Footnotes
- Reflects an adjustment ($1.50 reduction) to the original exercise price to reflect anti-dilution adjustments pursuant to the terms of the First Advantage Corporation 2021 Omnibus Incentive Plan (as amended) with respect to a one-time special cash dividend of $1.50 paid by First Advantage Corporation (the "Issuer") to stockholders of record at the close of business on August 21, 2023.
- Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on February 28, 2025.
- Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $16.640 to $17.120 per share. The reporting person will provide to the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price.
- Includes an initial grant of 121,640 options that vest in equal annual installments over five years, subject to continued service through such dates, with the first vesting on January 31, 2021 and a portion of an aggregate initial grant of 121,640 options subject to performance and time-based vesting criteria, where (i) such performance-based conditions (the occurrence of a "Realization Event" as defined in the award agreement) have been satisfied as of the date of grant and (ii) 82,875 options have vested on January 31, 2025 based on time. The remainder of such performance-based options will, subject to the occurrence of a Realization Event, vest on January 31, 2026, while preserving the eligibility to vest earlier upon a future Realization Event.
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