First Advantage CLO sells shares in planned trade

First Advantage Corp Chief Legal Officer Bret T. Jardine reported a mix of stock option activity and a small share sale.

Rhea-AI Filing Summary

First Advantage Corp Chief Legal Officer Bret T. Jardine reported a mix of stock option activity and a small share sale. On May 11, 2026, he exercised 976 restricted stock units, receiving the same number of common shares at a stated price of $0.00 per share.

Of these newly delivered shares, 294 shares were withheld to cover tax withholding obligations, and on May 12, 2026 he sold 682 shares of common stock in an open‑market transaction at $16.12 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and Jardine held 7,008 common shares directly after the transactions.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Jardine Bret T

Role Chief Legal Officer

Sold 682 shs ($11K)

Approx. gross sale proceeds $11K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	682	$16.12	$11K
Exercise	Restricted Stock Units	976	$0.00	$0.00
Exercise	Common Stock	976	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	294	$16.04	$5K

Holdings After Transaction: Restricted Stock Units — 976 contracts (Direct); Common Stock — 7,008 shares (Direct)

Footnotes (5)

1. 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).
2. F2. Includes shares of common stock acquired under the Employee Stock Purchase Plan of the Issuer.
3. F3. Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.
4. F4. Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on August 8, 2025.
5. F5. Represents RSUs originally granted on May 11, 2023, which vest in four equal annual installments, beginning on May 11, 2024, subject to continued service through such dates.

Key Figures

Shares sold: 682 shares Sale price: $16.12 per share RSUs exercised: 976 units +3 more

6 metrics

Shares sold 682 shares Open-market sale of common stock at $16.12 on May 12, 2026

Sale price $16.12 per share Price for 682 common shares sold on May 12, 2026

RSUs exercised 976 units Restricted stock units converted to 976 common shares on May 11, 2026

Tax withholding shares 294 shares Shares withheld to cover tax obligations on RSU vesting

Shares held after transactions 7,008 shares Direct common stock holdings after May 12, 2026 sale

RSU grant date May 11, 2023 RSUs vest in four equal annual installments beginning May 11, 2024

Key Terms

Restricted Stock Units, Rule 10b5-1 trading plan, tax withholding obligations, Employee Stock Purchase Plan

4 terms

Restricted Stock Units financial

"Represents RSUs originally granted on May 11, 2023, which vest in four equal annual installments"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Rule 10b5-1 trading plan regulatory

"Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

tax withholding obligations financial

"Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations"

Employee Stock Purchase Plan financial

"Includes shares of common stock acquired under the Employee Stock Purchase Plan of the Issuer"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did First Advantage (FA) insider Bret Jardine report on this Form 4?

Bret T. Jardine, Chief Legal Officer of First Advantage, reported exercising 976 restricted stock units and selling 682 common shares. A portion of the shares was withheld for taxes, leaving him with 7,008 common shares held directly after these transactions.

How many First Advantage (FA) shares did Bret Jardine sell and at what price?

Bret Jardine sold 682 shares of First Advantage common stock at $16.12 per share. The transaction was coded as an open-market sale and occurred on May 12, 2026, following the vesting and delivery of restricted stock units the prior day.

Were Bret Jardine’s First Advantage (FA) share sales made under a Rule 10b5-1 plan?

Yes. The shares sold on May 12, 2026 were executed under a Rule 10b5-1 trading plan. A footnote states the plan was adopted by the reporting person on August 8, 2025, indicating the sale timing was pre-arranged rather than a discretionary market-timing decision.

What restricted stock unit activity did Bret Jardine report for First Advantage (FA)?

He reported the exercise and settlement of 976 restricted stock units into 976 shares of common stock at a stated price of $0.00 per share. These RSUs were originally granted on May 11, 2023 and vest in four equal annual installments beginning May 11, 2024.

How many First Advantage (FA) shares were withheld for Bret Jardine’s tax obligations?

A total of 294 shares of First Advantage common stock were withheld in connection with the vesting of restricted stock units. This tax-withholding disposition covered his tax obligations and is distinct from an open-market sale, as described in the transaction footnotes.

How many First Advantage (FA) shares does Bret Jardine hold after these transactions?

After the reported exercise, tax withholding, and sale, Bret Jardine directly holds 7,008 shares of First Advantage common stock. This figure reflects his position immediately following the May 12, 2026 open-market sale of 682 shares reported in the Form 4.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/13/2026 - 04:17 PM Learn about SEC filing 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).

X

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^*

Jardine Bret T

(Last) (First) (Middle)

C/O FIRST ADVANTAGE CORPORATION

1 CONCOURSE PARKWAY NE, SUITE 200

(Street)

ATLANTA GEORGIA 30328

(City) (State) (Zip)

UNITED STATES

(Country)

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 Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/11/2026		M		976	A	(1)	7,984(2)	D
Common Stock	05/11/2026		F(3)		294	D	$16.04	7,690	D
Common Stock	05/12/2026		S(4)		682	D	$16.12	7,008	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)	05/11/2026		M			976	(5)	(5)	Common Stock	976	$0	976	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. Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on August 8, 2025.

5. Represents RSUs originally granted on May 11, 2023, which vest in four equal annual installments, beginning on May 11, 2024, subject to continued service through such dates.

	/s/ Bret T. Jardine	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)