Joseph K. Jaeger - Dec 22, 2021 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Role: President, Americas
Signature: /s/ Bret T. Jardine, Attorney-in-Fact
Stock symbol: FA
Transactions as of: Dec 22, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/27/2021, 05:00 PM
Previous filing: Nov 17, 2021
Next filing: Jun 27, 2022

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	Restricted Stock Units	Award	$0	+30.1K		$0.00	30.1K	Dec 22, 2021	Common Stock	30.1K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock. The RSUs will be settled in either common stock or cash (or a combination thereof).
F2	25,000 of these RSUs vest in equal annual installments over five years, subject to continued service through such dates, with the first vesting on June 23, 2022. The remainder of these RSUs are the portion of an aggregate grant of 25,000 RSUs subject to performance and time-based vesting criteria, where such performance-based conditions have been satisfied as of the date of grant. Such performance-based RSUs will, subject to the achievement of performance-based conditions, vest on the same schedule noted above. Does not include the 19,918 unvested performance-based RSUs which will be reported when earned upon achievement of certain performance criteria.

Content

Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock. The RSUs will be settled in either common stock or cash (or a combination thereof).

25,000 of these RSUs vest in equal annual installments over five years, subject to continued service through such dates, with the first vesting on June 23, 2022. The remainder of these RSUs are the portion of an aggregate grant of 25,000 RSUs subject to performance and time-based vesting criteria, where such performance-based conditions have been satisfied as of the date of grant. Such performance-based RSUs will, subject to the achievement of performance-based conditions, vest on the same schedule noted above. Does not include the 19,918 unvested performance-based RSUs which will be reported when earned upon achievement of certain performance criteria.