Director at First Advantage (FA) sells 4,921 shares under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Advantage Corp director James Lindsey Clark reported an open-market sale of common stock. On June 8, 2026, he sold 4,921 shares at $15.69 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan, and he retained 56,844 shares afterward, indicating he continues to hold a substantial position.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 4,921 shares ($77,210)
Net Sell
1 txn
Insider
Clark James Lindsey
Role
null
Sold
4,921 shs ($77K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,921 | $15.69 | $77K |
Holdings After Transaction:
Common Stock — 56,844 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 4,921 shares
Sale price: $15.69 per share
Shares held after transaction: 56,844 shares
+1 more
4 metrics
Shares sold
4,921 shares
Open-market sale on June 8, 2026
Sale price
$15.69 per share
Open-market sale of First Advantage common stock
Shares held after transaction
56,844 shares
Director’s direct holdings following June 8, 2026 sale
Net shares sold
4,921 shares
Net sell direction in transaction summary
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4
3 terms
Rule 10b5-1 trading plan regulatory
"Shares were sold pursuant to a Rule 10b5-1 trading plan 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.
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 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did First Advantage (FA) disclose for James Lindsey Clark?
First Advantage reported that director James Lindsey Clark sold 4,921 shares of common stock in an open-market transaction. The sale occurred on June 8, 2026, under a pre-arranged Rule 10b5-1 trading plan, and he retained 56,844 shares afterward.
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. The plan was adopted by James Lindsey Clark on June 12, 2025 and amended on November 26, 2025, indicating the June 8, 2026 sale was pre-scheduled.
Is the James Lindsey Clark transaction in First Advantage (FA) an open-market sale?
Yes. The Form 4 characterizes the transaction as an open-market sale of common stock. It reports code “S,” describes the action as an open-market sale, and shows 4,921 shares sold at $15.69 per share on June 8, 2026 under a Rule 10b5-1 plan.