First Advantage president exercises 24,905 RSUs

First Advantage Corp president Joelle M. Smith reported routine equity compensation activity involving restricted stock units (RSUs).

Rhea-AI Filing Summary

First Advantage Corp president Joelle M. Smith reported routine equity compensation activity involving restricted stock units (RSUs). On May 11, 2026, she exercised RSUs covering 24,905 shares of common stock at a conversion price of $0.00 per share, converting them into common stock.

In connection with this vesting, 6,974 common shares were withheld at $16.04 per share to cover tax withholding obligations, which is a non-market, tax-related disposition rather than an open-market sale. After these transactions, Smith directly holds 37,324 shares of First Advantage common stock. No derivative RSU position remains from this specific grant following the conversion.

Insider Trade Summary

24,905 shares exercised/converted

Exercise 3 txns

Insider Smith Joelle M

Role President

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	24,905	$0.00	$0.00
Exercise	Common Stock	24,905	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	6,974	$16.04	$112K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 37,324 shares (Direct)

Footnotes (3)

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. Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.
3. F3. Represents RSUs originally granted on May 12, 2022, which vest in four equal annual installments, beginning on May 11, 2023, subject to continued service through such dates.

Key Figures

RSUs exercised: 24,905 shares Tax withholding shares: 6,974 shares Withholding price: $16.04 per share +4 more

7 metrics

RSUs exercised 24,905 shares Restricted stock units converted to common stock on May 11, 2026

Tax withholding shares 6,974 shares Shares withheld to cover RSU-related tax obligations at $16.04

Withholding price $16.04 per share Value used for shares withheld for taxes

Post-transaction holdings 37,324 shares Common shares directly held after RSU exercise and tax withholding

Conversion price $0.00 per share RSU-to-common stock conversion price on exercise

Tax-withholding disposition Code F, 6,974 shares Payment of tax liability by delivering securities

Derivative exercise Code M, 24,905 shares Exercise or conversion of derivative security (RSUs to common stock)

Key Terms

Restricted Stock Units, tax withholding obligations, contingent right, exercise or conversion of derivative security, +1 more

5 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

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.

tax withholding obligations financial

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

contingent right financial

"Each restricted stock unit (RSU) represents a contingent right to receive one share of common stock."

exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

vesting financial

"Represents RSUs originally granted on May 12, 2022, which vest in four equal annual installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What insider transaction did First Advantage (FA) president Joelle Smith report?

Joelle M. Smith reported the vesting and exercise of 24,905 restricted stock units into common shares. This was a compensation-related equity conversion, not an open-market purchase or sale, reflecting scheduled RSU vesting under a prior grant agreement.

How many First Advantage (FA) shares were withheld for taxes in this Form 4?

The filing shows 6,974 First Advantage common shares were withheld at $16.04 per share. These shares covered RSU-related tax obligations, meaning they were not sold on the open market but used to satisfy withholding requirements tied to the vesting event.

How many First Advantage (FA) RSUs did Joelle Smith convert to common stock?

Smith converted 24,905 restricted stock units into an equal number of First Advantage common shares at a $0.00 conversion price. Each RSU represented a contingent right to one share, settled in stock or cash according to the original award terms.

What are Joelle Smith’s direct First Advantage (FA) share holdings after the transactions?

After the RSU exercise and related tax withholding, Joelle M. Smith directly holds 37,324 First Advantage common shares. This figure reflects her updated ownership position following the equity compensation event reported in the Form 4 filing.

Were the First Advantage (FA) insider transactions open-market buys or sells?

No open-market buys or sells were reported. The Form 4 shows an RSU exercise (code M) and a tax-withholding disposition (code F). The withheld shares satisfied tax obligations and did not represent discretionary market trading activity.

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

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Accepted by SEC EDGAR 05/13/2026 - 04:15 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).

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^*

Smith Joelle M

(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)
	President

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		24,905	A	(1)	44,298	D
Common Stock	05/11/2026		F(2)		6,974	D	$16.04	37,324	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			24,905	(3)	(3)	Common Stock	24,905	$0	0	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. Represents shares withheld in connection with the vesting of RSUs to cover tax withholding obligations.

3. Represents RSUs originally granted on May 12, 2022, which vest in four equal annual installments, beginning on May 11, 2023, subject to continued service through such dates.

	/s/ Bret T. Jardine, Attorney-in-Fact	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)