Steven I. Marks - 28 Feb 2024 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 2024
Net transactions value
-$14,853
Form type
4
Filing time
01 Mar 2024, 16:05:46 UTC
Previous filing
12 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 +1,146 +8.9% 14,077 28 Feb 2024 Direct F1, F2
transaction FA Common Stock Options Exercise +1,363 +9.7% 15,440 28 Feb 2024 Direct F1
transaction FA Common Stock Tax liability $14,853 -882 -5.7% $16.84 14,558 28 Feb 2024 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 -1,146 -33% $0.000000 2,291 28 Feb 2024 Common Stock 1,146 Direct F1, F4
transaction FA Restricted Stock Units Options Exercise $0 -1,363 -25% $0.000000 4,089 28 Feb 2024 Common Stock 1,363 Direct F1, F5
* 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.
F5 Represents RSUs originally granted on March 1, 2023, which vest in four equal installments, beginning on February 28, 2024, subject to continued service through such dates.