Adrian M. Jones - 31 Oct 2024 Form 4 Insider Report for Sterling Check Corp.

Footnote F1

The shares of Company common stock ("Company Common Stock") were disposed of pursuant to the Agreement and Plan of Merger, dated as of February 28, 2024 (the "Merger Agreement"), by and among Sterling Check Corp., a Delaware corporation (the "Company"), First Advantage Corporation, a Delaware corporation ("Parent"), and Starter Merger Sub, Inc., a Delaware corporation and an indirect wholly-owned subsidiary of Parent, whereby at the effective time of the merger contemplated therein (the "Effective Time"), [Footnote continued below]

Footnote F2

[Footnote continued from above] each share of Company Common Stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive, at the election of the holder of such share of Company Common Stock, and subject to proration in accordance with the Merger Agreement: (i) $16.73 per share in cash, without interest (the "Cash Consideration") or (ii) 0.979 shares of common stock, par value $0.001 per share, of Parent, together with cash in lieu of fractional shares, if any, at the rate per share of common stock of Parent of the last reported sale price of common stock of Parent on NASDAQ (as reported in The Wall Street Journal or, if not reported therein, in another authoritative source mutually selected by Parent and the Company) on the last complete trading day prior to the date of the Effective Time (the "Stock Consideration").

Footnote F3

Each of Goldman Sachs (as defined below), Broad Street Principal Investments, L.L.C. ("BSPI") and Broad Street Control Advisors, L.L.C. ("BSCA") is a wholly owned subsidiary of GS Group (as defined below). Goldman Sachs is the manager of each of BSPI and BSCA and the investment manager of Checkers Control Partnership, L.P. ("Checkers"). BSCA is the general partner of Checkers. Each of GS Group and Goldman Sachs may be deemed a beneficial owner of Company Common Stock held by Checkers, BSPI and BSCA, and BSCA may be deemed a beneficial owner of Company Common Stock held by Checkers.

Footnote F4

The reporting person is a managing director of Goldman Sachs & Co. LLC ("Goldman Sachs"). Goldman Sachs is a subsidiary of The Goldman Sachs Group, Inc. ("GS Group"). The reporting person disclaims beneficial ownership of the securities reported therein except to the extent of his pecuniary interest therein, if any.

Footnote F5

As of October 31, 2024, after giving effect to the sale described in this Form 4, each of Checkers, BSPI and BSCA holds 0 shares of Company Common Stock. As of October 31, 2024, GS Group and Goldman Sachs are deemed to beneficially own 0 shares of Company Common Stock.