Bret T. Jardine - 16 Aug 2023 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Role: Title: EVP, General Counsel & Corporate Secretary
Signature: /s/ Bret T. Jardine
Issuer symbol: FA
Transactions as of: 16 Aug 2023
Net transactions value: -$103,080
Form type: 4
Filing time: 18 Aug 2023, 14:13:56 UTC
Previous filing: 15 May 2023
Next filing: 06 Mar 2024
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	$79,320	+12,000	+264%	$6.61	16,537	16 Aug 2023	Direct	F1
transaction	FA	Common Stock	Sale	$182,400	-12,000	-73%	$15.20	4,537	16 Aug 2023	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)	Options Exercise	$0	-12,000	-7.4%	$0.000000	150,186	16 Aug 2023	Common Stock	12,000	$6.61	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes shares acquired under the Employee Stock Purchase Plan of First Advantage Corporation.
F2	Includes an initial grant of 81,093 options that vest in equal annual installments over five years, subject to continued service through such dates, with the first vesting on January 31, 2021 and a portion of an aggregate initial grant of 81,093 options 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 options will, subject to the occurrence of a Realization Event, vest on the same schedule noted above. Alternatively, these performance-based options will vest, based solely on time, as follows, subject to continued service through such date: 12,921 options on January 31, 2024, 25,843 options on January 31, 2025, and 25,843 options on January 31, 2026, while preserving the eligibility to vest earlier upon a future Realization Event.

Content

Includes shares acquired under the Employee Stock Purchase Plan of First Advantage Corporation.

Includes an initial grant of 81,093 options that vest in equal annual installments over five years, subject to continued service through such dates, with the first vesting on January 31, 2021 and a portion of an aggregate initial grant of 81,093 options 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 options will, subject to the occurrence of a Realization Event, vest on the same schedule noted above. Alternatively, these performance-based options will vest, based solely on time, as follows, subject to continued service through such date: 12,921 options on January 31, 2024, 25,843 options on January 31, 2025, and 25,843 options on January 31, 2026, while preserving the eligibility to vest earlier upon a future Realization Event.

Remarks:

Title: EVP, General Counsel & Corporate Secretary