Joseph K. Jaeger - Jun 23, 2022 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: Jun 23, 2022
Transactions value $: -$30,462
Form type: 4
Date filed: 6/27/2022, 07:11 PM
Previous filing: Dec 27, 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	Options Exercise		+5K	+0.71%		710K	Jun 23, 2022	Direct	F1
transaction	FA	Common Stock	Options Exercise		+5K	+0.7%		715K	Jun 23, 2022	Direct	F1
transaction	FA	Common Stock	Tax liability	-$15.4K	-1.22K	-0.17%	$12.63	714K	Jun 23, 2022	Direct	F2
transaction	FA	Common Stock	Tax liability	-$15.1K	-1.22K	-0.17%	$12.38	712K	Jun 23, 2022	Direct	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	Restricted Stock Units	Options Exercise	$0	-10K	-33.24%	$0.00	20.1K	Jun 23, 2022	Common Stock	10K		Direct	F1, F3

* 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	Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.
F3	Includes an initial grant of 25,000 RSUs that 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 initial 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.