DAVID L. GAMSEY - 28 Aug 2024 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Role
EVP & Chief Financial Officer
Signature
/s/ Bret T. Jardine, Attorney-in-Fact
Issuer symbol
FA
Transactions as of
28 Aug 2024
Transactions value $
$-411,754
Form type
4
Filing time
29 Aug 2024, 16:09:58 UTC
Previous filing
12 May 2023
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 $3,034,179 +224,754 +40.1% $13.50 785,836 28 Aug 2024 Direct F1
transaction FA Common Stock Tax liability $-3,445,933 -181,556 -23.1% $18.98 604,280 28 Aug 2024 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 Stock Options (Right to Buy) Options Exercise $0 -224,754 -50.2% $0.000000 223,276 28 Aug 2024 Common Stock 224,754 $13.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes shares of common stock acquired under the Employee Stock Purchase Plan of First Advantage Corporation (the "Issuer").
F2 Represents shares withheld by the Issuer in connection with a net settlement of a stock option exercise. Shares were withheld for the payment of the exercise price as well as withholding taxes.
F3 Represents the exercise of time and performance-based stock options awarded on June 22, 2021. As of January 31, 2024, 260,448 stock options were vested and exercisable. The remaining 187,582 stock options will vest and become exercisable on December 1, 2024.