FA insider Form 4: 7,000 RSUs converted; 7,000 RSUs vest in 2026

Rhea-AI Filing Summary

First Advantage (FA) reported an insider equity transaction by its Global Chief Operating Officer. On 10/20/2025, the officer converted 7,000 restricted stock units (transaction code M) and acquired 7,000 shares of common stock. Following the transaction, the officer beneficially owned 29,431 common shares directly. The derivative position shows 7,000 RSUs remaining, which are scheduled to vest on October 20, 2026, subject to continued service. Each RSU represents a right to receive one share and may be settled in common stock or cash.

Insider Trade Summary

Net Buyer: 7,000 shares

Net Buy 2 txns

Insider Nairne Douglas

Role Global Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	7,000	$0.00	$0.00
Exercise	Common Stock	7,000	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 7,000 shares (Direct); Common Stock — 29,431 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. The remaining RSUs will vest on October 20, 2026, subject to continued service through such dates.

FAQ

What did First Advantage (FA) disclose in this Form 4?

A Global Chief Operating Officer converted 7,000 RSUs (code M) into 7,000 common shares on 10/20/2025.

How many First Advantage (FA) shares does the reporting person own after the transaction?

The officer beneficially owned 29,431 common shares directly after the reported transaction.

What derivative holdings remain for the reporting person at FA?

The filing lists 7,000 remaining RSUs, scheduled to vest on October 20, 2026, subject to continued service.

What does transaction code M mean in this context?

Code M indicates a conversion of a derivative security—here, RSUs—into common stock.

How are FA RSUs settled for this officer?

Each RSU represents a right to receive one share and will be settled in either common stock or cash (or a combination).

What is the ownership form reported?

The filing indicates Direct (D) ownership for both the common stock and the derivative securities.

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 10/22/2025 - 04:28 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)
10/20/2025

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	10/20/2025		M		7,000	A	(1)	29,431	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)	10/20/2025		M			7,000	(2)	(2)	Common Stock	7,000	$0	7,000	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. The remaining RSUs will vest on October 20, 2026, subject to continued service through such dates.

	/s/ Bret T. Jardine, Attorney-in-Fact	10/22/2025
	** 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.