Were Bret Jardine’s FA share sales under a Rule 10b5-1 trading plan?

Yes, the filing states the shares were sold pursuant to a Rule 10b5-1 trading plan. That plan was adopted by Bret T. Jardine on August 8, 2025, indicating the sales were pre-scheduled rather than discretionary market-timing decisions.

First Advantage (NYSE: FA) CLO exercises options, sells 25K shares under 10b5-1 plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

FIRST ADVANTAGE CORP Chief Legal Officer Bret T. Jardine reported an exercise-and-sale transaction in company stock. He exercised stock options to acquire 25,000 shares of Common Stock at an exercise price of $5.11 per share, then sold 25,000 shares in open-market transactions at a weighted average price of $16.7056 per share. The sales were made under a pre-arranged Rule 10b5-1 trading plan adopted on August 8, 2025. Following these transactions, Jardine directly holds 7,008 shares of Common Stock.

Insider Trade Summary 10b5-1

Net Seller: 25,000 shares ($417,640)

Net Sell 3 txns

Insider Jardine Bret T

Role Chief Legal Officer

Sold 25,000 shs ($418K)

Type	Security	Shares	Price	Value
Exercise	Stock Options (Right to Buy)	25,000	$0.00	--
Exercise	Common Stock	25,000	$5.11	$128K
Sale	Common Stock	25,000	$16.7056	$418K

Holdings After Transaction: Stock Options (Right to Buy) — 95,186 shares (Direct, null); Common Stock — 32,008 shares (Direct, null)

Footnotes (1)

Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on August 8, 2025. Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $16.500 to $17.070 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. The stock options became fully vested on January 31, 2026.

Key Figures

Shares sold: 25,000 shares Weighted average sale price: $16.7056 per share Options exercised: 25,000 shares +5 more

8 metrics

Shares sold 25,000 shares Common Stock sold in open market on June 1, 2026

Weighted average sale price $16.7056 per share Common Stock sale price range $16.500–$17.070

Options exercised 25,000 shares Stock options converted into Common Stock on June 1, 2026

Option exercise price $5.11 per share Stock Options (Right to Buy) conversion or exercise price

Shares held after transaction 7,008 shares Direct Common Stock ownership after June 1, 2026 transactions

Rule 10b5-1 plan adoption date August 8, 2025 Plan governing the reported open-market sales

Option expiration date February 9, 2030 Expiration for Stock Options (Right to Buy) originally covering 25,000 shares

Options vesting date January 31, 2026 Date stock options became fully vested before exercise

Key Terms

Rule 10b5-1 trading plan, Stock Options (Right to Buy), weighted average price, Common Stock, +1 more

5 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.

Stock Options (Right to Buy) financial

"security_title": "Stock Options (Right to Buy)""

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.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

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Form 4 Insider Transactions: What Each Field Means →

06/03/2026 - 04:22 PM

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^*

Jardine Bret T

(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)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/01/2026		M		25,000	A	$5.11	32,008	D
Common Stock	06/01/2026		S⁽¹⁾		25,000	D	$16.7056⁽²⁾	7,008	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options (Right to Buy)	$5.11	06/01/2026		M			25,000	⁽³⁾	02/09/2030	Common Stock	25,000	$0	95,186	D

Explanation of Responses:

1. Shares were sold pursuant to a Rule 10b5-1 trading plan that was adopted by the reporting person on August 8, 2025.

2. Represents the weighted average price for sales of the shares. The shares were sold at prices ranging from $16.500 to $17.070 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.

3. The stock options became fully vested on January 31, 2026.

	/s/ Bret T. Jardine	06/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FA Chief Legal Officer Bret Jardine report?

Bret T. Jardine reported exercising options for 25,000 FA Common Stock shares, then selling 25,000 shares in open-market trades. The filing shows this exercise-and-sale pattern occurred on June 1, 2026, as part of his equity compensation activity.

How many First Advantage (FA) shares did Bret Jardine sell and at what price?

He sold 25,000 shares of First Advantage Common Stock at a weighted average price of $16.7056 per share. A footnote states individual trades ranged between $16.500 and $17.070, and full trade-by-trade details are available upon request.

What option exercise did Bret Jardine report for First Advantage (FA)?

He exercised stock options covering 25,000 shares of First Advantage Common Stock at an exercise price of $5.11 per share. A related footnote notes these stock options became fully vested on January 31, 2026, before the reported exercise date.

How many FA shares does Bret Jardine hold after the reported transactions?

After the June 1, 2026 transactions, Bret T. Jardine directly holds 7,008 shares of First Advantage Common Stock. This figure reflects his remaining non-derivative holdings following the 25,000-share option exercise and corresponding 25,000-share open-market sale.

What do the price range details in Bret Jardine’s FA stock sale mean?

The filing discloses that the 25,000 shares were sold at prices between $16.500 and $17.070 per share. The reported $16.7056 figure is a weighted average, and Jardine has committed to provide full breakdowns of each trade’s price upon request.