First Advantage Corp (FA) director Sharon Binger files initial Form 3 on ownership ties
Rhea-AI Filing Summary
First Advantage Corp filed an initial beneficial ownership statement for Sharon Binger, who serves as a director of the company and is a Managing Director at Silver Lake. The filing notes that certain Silver Lake affiliates have separately reported any securities of First Advantage they may be deemed to beneficially own, and that Ms. Binger disclaims beneficial ownership of any such securities held by those affiliates.
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Key Terms
beneficial ownership, Section 16 reports, Managing Director
3 terms
beneficial ownership financial
"disclaims beneficial ownership of any securities of the Issuer"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 reports regulatory
"affiliates of Silver Lake have filed separate Section 16 reports"
Managing Director financial
"Ms. Binger is a Managing Director at Silver Lake"
FAQ
What does the Form 3 filed for FIRST ADVANTAGE CORP (FA) disclose about Sharon Binger?
The Form 3 identifies Sharon Binger as a director of First Advantage Corp and a Managing Director at Silver Lake. It also states she disclaims beneficial ownership of any issuer securities held by Silver Lake affiliates.
Does Sharon Binger report any direct holdings of FIRST ADVANTAGE CORP (FA) stock on this Form 3?
No direct holdings or transactions in First Advantage Corp securities are listed. The filing focuses on her role, related Silver Lake affiliations, and a disclaimer of beneficial ownership regarding securities held by Silver Lake affiliates.
How are Silver Lake affiliates referenced in the FIRST ADVANTAGE CORP (FA) Form 3?
The filing states that certain Silver Lake affiliates have filed separate Section 16 reports for First Advantage securities they may be deemed to beneficially own, distinct from Sharon Binger’s personal reporting status.
What beneficial ownership disclaimer does Sharon Binger make regarding FIRST ADVANTAGE CORP (FA)?
Sharon Binger explicitly disclaims beneficial ownership of any First Advantage securities that may be deemed owned by Silver Lake affiliates, clarifying that such holdings are reported separately by those affiliates.
What is Sharon Binger’s relationship to FIRST ADVANTAGE CORP (FA) and Silver Lake?
Sharon Binger is a member of the board of directors of First Advantage Corp and a Managing Director at Silver Lake. Her Form 3 clarifies the treatment of securities possibly held by Silver Lake affiliates.
AI-generated analysis. How Rhea-AI works. Not financial advice.