First Advantage (FA) president sells 23,334 shares under 10b5-1 plan

Rhea-AI Filing Summary

First Advantage Corp president Joelle M. Smith sold 23,334 shares of common stock in an open-market transaction. The shares were sold on May 7, 2026 at a weighted average price of $15.0001 per share, with individual sale prices ranging from $15.00 to $15.01.

These sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on December 9, 2025, indicating the trades were scheduled in advance. Following the transaction, Smith directly holds 19,393 shares of First Advantage common stock.

Insider Trade Summary 10b5-1

Net Seller: 23,334 shares ($350,012)

Net Sell 1 txn

Insider Smith Joelle M

Role President

Sold 23,334 shs ($350K)

Type	Security	Shares	Price	Value
Sale	Common Stock	23,334	$15.0001	$350K

Holdings After Transaction: Common Stock — 19,393 shares (Direct, null)

Footnotes (1)

1. Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on December 9, 2025. Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $15.00 to $15.01 per share. The reporting person will provide to the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price.

Key Figures

Shares sold: 23,334 shares Weighted average sale price: $15.0001 per share Sale price range: $15.00–$15.01 per share +2 more

5 metrics

Shares sold 23,334 shares Common stock sold on May 7, 2026

Weighted average sale price $15.0001 per share Open-market sale of common stock

Sale price range $15.00–$15.01 per share Individual trades within reported transaction

Shares owned after transaction 19,393 shares Direct holdings following May 7, 2026 sale

Net shares sold 23,334 shares Net-sell direction in transaction summary

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale

3 terms

Rule 10b5-1 trading plan regulatory

"Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted..."

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.

weighted average price financial

"Represents the weighted average price for sales of the shares."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

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^*

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)
05/07/2026

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	05/07/2026		S(1)		23,334	D	$15.0001(2)	19,393	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

Explanation of Responses:

1. Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on December 9, 2025.

2. Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $15.00 to $15.01 per share. The reporting person will provide to the Securities and Exchange Commission staff, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price.

	/s/ Bret T. Jardine, Attorney-in-Fact	05/08/2026
	** 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)

FAQ

What insider transaction did First Advantage (FA) report for Joelle M. Smith?

First Advantage reported that president Joelle M. Smith sold 23,334 shares of common stock. The open-market sale occurred on May 7, 2026 at a weighted average price of $15.0001 per share, with prices ranging from $15.00 to $15.01.

At what price did Joelle M. Smith sell First Advantage (FA) shares?

Joelle M. Smith sold 23,334 First Advantage shares at a weighted average price of $15.0001. According to the disclosure, individual trades were executed between $15.00 and $15.01 per share, and detailed price breakdowns are available on request from the reporting person.

How many First Advantage (FA) shares does Joelle M. Smith hold after the sale?

After selling 23,334 shares, Joelle M. Smith directly holds 19,393 shares of First Advantage common stock. This post-transaction holding figure comes from the Form 4 and reflects her remaining direct ownership following the May 7, 2026 open-market sale.

Was the First Advantage (FA) insider sale made under a Rule 10b5-1 plan?

Yes. The filing states the shares were sold under a Rule 10b5-1 trading plan adopted by Joelle M. Smith on December 9, 2025. Such plans pre-schedule trades, indicating the timing of these May 7, 2026 sales was arranged in advance.

What role does Joelle M. Smith hold at First Advantage (FA)?

Joelle M. Smith is identified as an officer of First Advantage, serving as president. The Form 4 links her executive role to the reported open-market sale of 23,334 shares of common stock executed on May 7, 2026 under a Rule 10b5-1 trading plan.

What does the weighted average price mean in Joelle M. Smith’s FA share sale?

The weighted average price of $15.0001 reflects combining multiple trades between $15.00 and $15.01 per share. The filing notes Smith will provide full details on the number of shares sold at each separate price to the SEC, issuer, or any security holder upon request.