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FIRST ADVANTAGE (NYSE: FA) CFO reports RSU vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

FIRST ADVANTAGE CORP Chief Financial Officer Steven Irwin Marks reported equity compensation activity involving restricted stock units and common stock. On February 28, 2026, he exercised or converted RSUs into 4,737 shares of common stock and had 1,675 shares withheld at $11.51 per share to cover tax obligations.

Positive

  • None.

Negative

  • None.
Insider Marks Steven Irwin
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 1,146 $0.00 --
Exercise Restricted Stock Units 1,363 $0.00 --
Exercise Restricted Stock Units 2,228 $0.00 --
Exercise Common Stock 1,146 $0.00 --
Exercise Common Stock 1,363 $0.00 --
Exercise Common Stock 2,228 $0.00 --
Tax Withholding Common Stock 1,675 $11.51 $19K
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 32,285 shares (Direct)
Footnotes (1)
  1. 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). Includes shares of common stock acquired under the Employee Stock Purchase Plan of the Issuer. Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations. 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. 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. Represents RSUs originally granted on March 4, 2024, which vest in four equal installments, beginning on February 28, 2025, subject to continued service through such dates.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Marks Steven Irwin

(Last) (First) (Middle)
C/O FIRST ADVANTAGE CORPORATION
1 CONCOURSE PARKWAY NE, SUITE 200

(Street)
ATLANTA GA 30328

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRST ADVANTAGE CORP [ FA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/28/2026 M 1,146 A (1) 32,285(2) D
Common Stock 02/28/2026 M 1,363 A (1) 33,648 D
Common Stock 02/28/2026 M 2,228 A (1) 35,876 D
Common Stock 02/28/2026 F(3) 1,675 D $11.51 34,201 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 02/28/2026 M 1,146 (4) (4) Common Stock 1,146 $0 0 D
Restricted Stock Units (1) 02/28/2026 M 1,363 (5) (5) Common Stock 1,363 $0 1,363 D
Restricted Stock Units (1) 02/28/2026 M 2,228 (6) (6) Common Stock 2,228 $0 4,457 D
Explanation of Responses:
1. 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).
2. Includes shares of common stock acquired under the Employee Stock Purchase Plan of the Issuer.
3. Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.
4. 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.
5. 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.
6. Represents RSUs originally granted on March 4, 2024, which vest in four equal installments, beginning on February 28, 2025, subject to continued service through such dates.
/s/ Steven I. Marks 03/03/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did FA CFO Steven Irwin Marks report on February 28, 2026?

Steven Irwin Marks reported RSU-related transactions on February 28, 2026. He exercised or converted restricted stock units into 4,737 shares of FIRST ADVANTAGE CORP common stock, then had 1,675 shares withheld to satisfy tax withholding obligations tied to those vestings.

Were the FA Form 4 transactions by Steven Irwin Marks open-market buys or sells?

The reported FA transactions were not open-market buys or sells. They reflect exercises or conversions of restricted stock units and a tax-withholding disposition, where 1,675 shares of common stock were withheld at $11.51 per share to cover related tax obligations.

How many FA shares did Steven Irwin Marks acquire through RSU vesting?

Steven Irwin Marks acquired 4,737 shares of FIRST ADVANTAGE CORP common stock through RSU exercises or conversions. These came from multiple restricted stock unit grants vesting on February 28, 2026, each RSU representing a contingent right to receive one common share upon settlement.

What does the tax-withholding transaction on the FA Form 4 represent?

The tax-withholding transaction represents shares used to cover tax obligations from RSU vesting. Specifically, 1,675 shares of FIRST ADVANTAGE CORP common stock were withheld at $11.51 per share, rather than being sold in the open market, to satisfy required tax liabilities.

How many FA shares does Steven Irwin Marks hold after these Form 4 transactions?

After these transactions, Steven Irwin Marks directly held 34,201 shares of FIRST ADVANTAGE CORP common stock. This figure reflects RSU conversions into common stock and the deduction of 1,675 shares withheld to cover tax withholding obligations related to the vesting events.

What do the FA Form 4 footnotes say about Steven Irwin Marks’ RSUs?

The footnotes explain that each RSU represents a contingent right to receive one common share, settled in stock, cash, or both. They also describe original grant dates and four-installment vesting schedules, conditioned on continued service through vesting dates for each RSU award.