First Advantage (FA) COO acquires 743 shares via RSU conversion

Rhea-AI Filing Summary

First Advantage Corp Global Chief Operating Officer Douglas Nairne reported the vesting and settlement of equity awards. On March 4, 2026, he acquired 743 restricted stock units through an exercise or conversion of derivative securities at a price of $0.00 per unit, bringing his total RSU holdings to 1,486 units.

On the same date, he also acquired 743 shares of common stock at $0.00 per share, increasing his directly held common stock to 46,742 shares. Footnotes explain that each RSU represents a contingent right to receive one share of common stock and will be settled in common stock or cash, and that these RSUs were originally granted on March 4, 2024 and vest in four equal installments beginning March 4, 2025, subject to continued service.

Insider Trade Summary

Net Buyer: 743 shares

Net Buy 2 txns

Insider Nairne Douglas

Role Global Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	743	$0.00	$0.00
Exercise	Common Stock	743	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 1,486 shares (Direct); Common Stock — 46,742 shares (Direct)

Footnotes (2)

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 RSUs originally granted on March 4, 2024, which vest in four equal installments, beginning on March 4, 2025, subject to continued service through such dates.

FAQ

What did First Advantage (FA) executive Douglas Nairne report on this Form 4?

Douglas Nairne reported acquiring equity through vesting awards. He exercised or converted 743 restricted stock units and received 743 shares of First Advantage common stock at $0.00 per share, reflecting scheduled equity compensation rather than an open-market stock purchase or sale.

How many First Advantage (FA) restricted stock units does Douglas Nairne now hold?

After the reported transaction, Douglas Nairne holds 1,486 restricted stock units. These RSUs were originally granted on March 4, 2024 and vest in four equal installments beginning March 4, 2025, assuming he continues to provide service to the company through each vesting date.

How many First Advantage (FA) common shares does Douglas Nairne own after this filing?

Following the March 4, 2026 transaction, Douglas Nairne directly owns 46,742 shares of First Advantage common stock. The increase reflects the settlement of 743 restricted stock units into common stock at a stated price of $0.00 per share under the company’s equity plan.

What do the restricted stock unit (RSU) footnotes in the First Advantage (FA) Form 4 explain?

The footnotes state each RSU is a contingent right to receive one common share. They also clarify that RSUs may settle in common stock, cash, or a combination, and that these units were granted March 4, 2024 with four equal vesting installments starting March 4, 2025.

Is the First Advantage (FA) Form 4 transaction a market purchase or sale of shares?

The transaction reflects an exercise or conversion of derivative securities, not an open-market trade. Code M indicates 743 RSUs converted into 743 common shares at $0.00 per share as part of equity compensation vesting, rather than a discretionary buy or sell on the market.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/06/2026 - 05:12 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^*

Nairne Douglas

(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)
	Global Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

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	03/04/2026		M		743	A	(1)	46,742	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)	03/04/2026		M			743	(2)	(2)	Common Stock	743	$0	1,486	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 RSUs originally granted on March 4, 2024, which vest in four equal installments, beginning on March 4, 2025, subject to continued service through such dates.

	/s/ Bret T. Jardine, Attorney-in-Fact	03/06/2026
	** 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.