Scott Staples - Nov 15, 2021 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Role
Chief Executive Officer, Director
Signature
/s/ Bret T. Jardine, Attorney-in-Fact
Stock symbol
FA
Transactions as of
Nov 15, 2021
Transactions value $
-$6,680,386
Form type
4
Date filed
11/17/2021, 03:15 PM
Previous filing
Jun 23, 2021
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FA Common Stock Sale -$6.68M -346K -8.35% $19.30 3.8M Nov 15, 2021 Direct F1

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 +204K +18.73% $0.00 1.29M Nov 15, 2021 Common Stock 204K $15.00 Direct F2, F3
* 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 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.
F3 Of these options, 861,943 are unvested options which will vest as to 218,141 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.