Bret T. Jardine - 15 Nov 2021 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Role
EVP, General Counsel & Secretary
Signature
/s/ Bret T. Jardine
Issuer symbol
FA
Transactions as of
15 Nov 2021
Net transactions value
-$68,534
Form type
4
Filing time
17 Nov 2021, 15:15:22 UTC
Previous filing
29 Jun 2021
Next filing
12 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FA Common Stock Sale $68,534 -3,551 -47% $19.30 4,055 15 Nov 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FA Stock Options (Right to Buy) Award $0 +15,397 +19% $0.000000 97,579 15 Nov 2021 Common Stock 15,397 $15.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount represents the $20.00 secondary public offering price per share of common stock of First Advantage Corporation (the "Issuer"), less the underwriting discount of $0.70 per share for shares sold pursuant to a registered public offering.
F2 Represents shares of common stock received in a distribution from Fastball Holdco, L.P. in respect of certain of the reporting person's previously held interests in Fastball Holdco, L.P.
F3 Represents the vesting of a portion of performance-based stock options in connection with the satisfaction of certain performance-based vesting conditions upon the closing of a registered public offering of common stock.
F4 Of these options, 65,142 are unvested options which will vest as to 16,486 options on January 31, 2022, and the remainder in equal annual installments on each of January 31, 2023, 2024 and 2025, subject to continued service through such dates. Does not include certain performance-based options for which the performance criteria has not yet been met, which options will be reported when earned upon achievement of such performance criteria.

Remarks:

EVP, General Counsel & Secretary