First Advantage (FA) COO exercises 742 RSUs, now holding 22,457 shares

Rhea-AI Filing Summary

FIRST ADVANTAGE CORP Global Chief Operating Officer Douglas Nairne exercised restricted stock units as part of his equity compensation. On March 4, 2025, he converted 742 RSUs into the same number of common shares at $0.00 per share, a standard derivative exercise rather than an open-market trade. After these transactions, he directly held 22,457 shares of common stock and 2,229 restricted stock units as of the transaction date. Footnotes explain that these RSUs were originally granted on March 4, 2024 and vest in four equal annual installments starting on March 4, 2025, subject to continued service.

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

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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)
03/04/2025

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	03/04/2025		M		742	A	(1)	22,457(2)	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)	03/04/2025		M			742	(3)	(3)	Common Stock	742	$0	2,229(2)	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. Reflects the balance as of the transaction date. This Form 4 is also deemed to amend and update the number of shares reported as beneficially owned on each Form 4 filed subsequent to March 4, 2025 through the date hereof. The Form 4 filed on March 6, 2026 reflects the corrected balance of 46,742 shares in column 5 of Table I and 1,486 unvested RSUs in column 9 of Table II as of such date.

3. 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	03/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did FIRST ADVANTAGE (FA) COO Douglas Nairne report?

Douglas Nairne reported exercising restricted stock units into common shares as part of his compensation. On March 4, 2025, he converted 742 RSUs into 742 shares of FIRST ADVANTAGE common stock at $0.00 per share, reflecting a routine equity award vesting.

How many FIRST ADVANTAGE (FA) shares did Douglas Nairne acquire in this Form 4?

Douglas Nairne acquired 742 shares of FIRST ADVANTAGE common stock through the exercise of 742 restricted stock units. This was a derivative exercise at a price of $0.00 per share, reflecting the vesting and settlement of previously granted equity awards rather than a market purchase.

What are Douglas Nairne’s FIRST ADVANTAGE (FA) holdings after this Form 4 transaction?

Following the March 4, 2025 transactions, Douglas Nairne directly held 22,457 shares of FIRST ADVANTAGE common stock and 2,229 restricted stock units. These figures reflect his position as of the transaction date, based on the share balances reported in the Form 4 tables.

Are Douglas Nairne’s FIRST ADVANTAGE (FA) Form 4 transactions open-market buys or sells?

The transactions are not open-market buys or sells. They are coded as “M,” meaning an exercise or conversion of derivative securities. Nairne converted 742 restricted stock units into common shares at $0.00 per share, consistent with the vesting of stock-based compensation.

How do the restricted stock units for FIRST ADVANTAGE (FA) COO Douglas Nairne vest?

The restricted stock units reported were originally granted on March 4, 2024. According to the footnotes, they vest in four equal installments beginning on March 4, 2025, subject to Douglas Nairne’s continued service with FIRST ADVANTAGE through each applicable vesting date.

What do the footnotes in Douglas Nairne’s FIRST ADVANTAGE (FA) Form 4 explain?

The footnotes explain that each RSU represents a right to one share of common stock, settled in stock or cash, describe the March 4, 2024 grant and four-year vesting schedule, and clarify that the share and RSU balances reflect the position as of the reported transaction date.