Joseph K. Jaeger - Jun 23, 2023 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, 2023
Transactions value $
-$17,518
Form type
4
Date filed
6/27/2023, 05:00 PM
Previous filing
May 12, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FA Common Stock Options Exercise +5.08K +0.71% 718K Jun 23, 2023 Direct F1
transaction FA Common Stock Tax liability -$17.5K -1.24K -0.17% $14.15 716K Jun 23, 2023 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 -5.08K -12.71% $0.00 34.9K Jun 23, 2023 Common Stock 5.08K 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 and a portion of an aggregate initial grant of 25,000 RSUs subject to performance and time-based vesting criteria, where such performance-based conditions (the occurrence of a "Realization Event" as defined in the award agreement) have been satisfied as of the date of grant. The remainder of such performance-based RSUs will, subject to the occurrence of a Realization Event, vest on the same schedule noted above. Alternatively, these performance-based RSUs will vest into the following number of shares of common stock, based solely on time, as follows, subject to continued service through such date: 3,983 shares on June 23, 2025, 7,967 shares on June 23, 2026, and 7,968 shares on June 23, 2027, while preserving the eligibility to vest earlier upon a future Realization Event.