Steven I. Marks - 28 Feb 2023 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Role: Chief Accounting Officer
Signature: /s/ Steven I. Marks
Issuer symbol: FA
Transactions as of: 28 Feb 2023
Net transactions value: -$5,891
Form type: 4
Filing time: 02 Mar 2023, 09:39:30 UTC
Previous filing: 18 Mar 2022
Next filing: 03 Mar 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	Options Exercise		+1,145	+11%		11,436	28 Feb 2023	Direct	F1, F2
transaction	FA	Common Stock	Tax liability	$5,891	-406	-3.6%	$14.51	11,030	28 Feb 2023	Direct	F3

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	-1,145	-25%	$0.000000	3,437	28 Feb 2023	Common Stock	1,145		Direct	F1, F4

* 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	Includes shares acquired under the Employee Stock Purchase Plan of First Advantage Corporation.
F3	Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.
F4	Represents RSUs originally granted on March 16, 2022, which vest in four equal installments, beginning on February 28, 2023, subject to continued service through such dates.