FIRST ADVANTAGE CORP SEC Filings

First Advantage Corp's Global Chief Operating Officer Douglas Nairne bought 9,000 shares of common stock in an open-market purchase at $11.86 per share on March 2, 2026. After this transaction, he directly owns 45,257 shares.

FIRST ADVANTAGE CORP Chief Financial Officer Steven Irwin Marks reported equity compensation activity involving restricted stock units and common stock. On February 28, 2026, he exercised or converted RSUs into 4,737 shares of common stock and had 1,675 shares withheld at $11.51 per share to cover tax obligations.

First Advantage Corporation is a global software and data company focused on identity verification, background screening, credential checks, drug and health testing, and continuous risk monitoring across the employee lifecycle. It serves over 80,000 customers worldwide, including about two-thirds of the Fortune 100, and conducts more than 200 million screens annually in over 200 countries and territories.

The company combines AI-driven proprietary platforms with internal databases containing over 1 billion records and thousands of primary and third-party data sources to deliver fast, compliant results; about 90% of U.S. criminal screens finish within one day. Its technology integrates with more than 100 HCM and applicant tracking systems and supports advanced tools such as biometric identity verification, deepfake and synthetic identity detection, continuous criminal and driver monitoring, and mobile-first candidate experiences.

First Advantage targets large enterprise and regulated industries, emphasizing upsell and cross-sell into existing accounts and international expansion. In 2025 it reported a gross retention rate of approximately 96% and an average tenure of over 13 years among its top 100 customers, with roughly 86% of revenue generated in the U.S. The filing also outlines extensive risk factors, including macroeconomic pressures, evolving global privacy and AI regulations, cyber and data security threats, competition, reliance on third-party data providers, integration risks from the Sterling acquisition, and the influence of controlling shareholder Silver Lake.

First Advantage Corporation reported strong growth for the fourth quarter and full year 2025 while still posting a GAAP net loss for the year. Fourth quarter 2025 revenues were $420.0 million with net income of $3.5 million and Adjusted EBITDA of $116.8 million, producing a 27.8% Adjusted EBITDA margin. For full year 2025, revenues reached $1,574.4 million, up from $860.2 million in 2024, with a net loss of $34.8 million but Adjusted EBITDA of $441.4 million and Adjusted Diluted EPS of $1.04.

The company highlighted significant acquisition-related expenses and depreciation from the Sterling Check Corp. deal, which weighed on GAAP results but are excluded from its non-GAAP metrics. Management introduced 2026 guidance, targeting revenues of $1,625–$1,700 million, Adjusted EBITDA of $460–$485 million, Adjusted Net Income of $200–$220 million, and Adjusted Diluted EPS of $1.15–$1.25. The board also approved a $100 million share repurchase authorization and plans a $25 million voluntary debt prepayment, signaling a focus on shareholder returns and gradual deleveraging.

Capital World Investors filed a Schedule 13G reporting a passive ownership stake in First Advantage Corp. common stock. The firm is deemed to beneficially own 9,098,714 shares, representing 5.2% of the class, based on 174,114,958 shares believed outstanding as of the event date.

Capital World Investors reports sole voting and sole dispositive power over all 9,098,714 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of First Advantage Corp.

First Advantage Corporation reported that director Bianca Stoica has resigned from its Board of Directors and from the Compensation Committee, effective immediately on January 29, 2026. The company stated that her resignation was not due to any disagreement with management, the Board, or the company’s operations, policies, or practices.

First Advantage Corp (FA) reported insider equity transactions by its Chief Legal Officer on a Form 4. On November 14, 2025, 1,365 restricted stock units were converted into an equal number of common shares. On the same date, 411 shares were withheld to cover tax obligations tied to the RSU vesting. On November 17, 2025, 954 common shares were sold at a price of $13.13 per share under a pre-arranged Rule 10b5-1 trading plan adopted on August 8, 2025. After these transactions, the officer directly owned 6,825 common shares and 4,096 restricted stock units that can settle in stock or cash.

First Advantage Corp (FA) Chief Executive Officer and director reported routine equity transactions involving company stock and restricted stock units. On November 14, 2025, 20,478 restricted stock units were converted into an equal number of common shares, and 5,089 shares were withheld at a price of $13.19 to cover tax obligations related to the vesting.

After these transactions, the reporting person beneficially owned 3,670,516 shares of First Advantage common stock directly and 149,100 shares indirectly through a trust, as well as 61,434 restricted stock units that can settle in stock or cash. The restricted stock units reported include an award originally granted on November 14, 2024 that vests in four equal annual installments starting November 14, 2025, subject to continued service.

First Advantage Corp (FA) reported an insider equity transaction by its Chief Financial Officer. On November 8, 2025, 13,652 shares of common stock were delivered upon settlement of restricted stock units (transaction code M). To cover tax withholding, 4,102 shares were withheld at $13.31 per share (code F). Following these transactions, the officer directly owns 30,535 common shares. In addition, 40,956 RSUs remain outstanding. The RSUs were originally granted on November 14, 2024 and vest in four equal annual installments beginning on November 8, 2025.