James Lindsey Clark - Jun 7, 2024 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Role
Director
Signature
/s/ Bret T. Jardine, Attorney-in-Fact
Stock symbol
FA
Transactions as of
Jun 7, 2024
Transactions value $
-$91,049
Form type
4
Date filed
6/11/2024, 04:11 PM
Previous filing
Jun 9, 2023
Next filing
Jun 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FA Common Stock Award $0 +10.7K +26.71% $0.00 50.6K Jun 7, 2024 Direct F1
transaction FA Common Stock Sale -$91K -5.6K -11.07% $16.25 45K Jun 10, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units which will vest on the first anniversary of the date of grant, or, if earlier, the date which is the business day immediately preceding the date of the annual meeting of the Company's stockholders in 2025, subject to the director's continued service through the vesting date.
F2 Shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 14, 2023.