T. Rowe Price reports 9.2% stake in First Advantage

T. Rowe Price Associates, Inc. filed Amendment No. 2 to a Schedule 13G/A reporting its holdings in First Advantage Corp common stock.

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. filed Amendment No. 2 to a Schedule 13G/A reporting its holdings in First Advantage Corp common stock. The firm reports beneficial ownership of 15,707,023 shares, representing 9.2% of the common stock outstanding. It reports sole voting power over 15,650,390 shares and sole dispositive power over 15,707,023 shares, with no shared voting or dispositive power. The firm states that this report should not be construed as an admission that it is the beneficial owner of these securities, and such beneficial ownership is expressly denied.

Key Figures

Shares beneficially owned: 15,707,023 shares Percent of class: 9.2% Sole voting power: 15,650,390 shares +1 more

4 metrics

Shares beneficially owned 15,707,023 shares Amount beneficially owned in First Advantage Corp common stock

Percent of class 9.2% Reported percentage of First Advantage Corp common stock outstanding

Sole voting power 15,650,390 shares Shares over which T. Rowe Price has sole power to vote

Sole dispositive power 15,707,023 shares Shares over which T. Rowe Price has sole power to dispose

Key Terms

Schedule 13G/A, beneficial owner, sole voting power, sole dispositive power

4 terms

Schedule 13G/A regulatory

"filed Amendment No. 2 to a Schedule 13G/A reporting its holdings"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficial owner financial

"shall not be construed as an admission that Price Associates is the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

sole voting power financial

"Sole Voting Power 15,650,390.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole Dispositive Power 15,707,023.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake in First Advantage Corp (FA) does T. Rowe Price report?

T. Rowe Price Associates, Inc. reports beneficial ownership of 15,707,023 shares of First Advantage Corp common stock, representing 9.2% of the class, according to Amendment No. 2 to its Schedule 13G/A filing.

How much voting power does T. Rowe Price have in First Advantage Corp (FA)?

T. Rowe Price reports sole voting power over 15,650,390 shares of First Advantage Corp and no shared voting power, as disclosed in its Schedule 13G/A Amendment No. 2 filing.

What dispositive power over First Advantage Corp (FA) shares does T. Rowe Price report?

T. Rowe Price Associates, Inc. reports sole dispositive power over 15,707,023 shares of First Advantage Corp common stock and no shared dispositive power, reflecting its control over potential dispositions of these shares.

Does T. Rowe Price admit beneficial ownership of First Advantage Corp (FA) shares?

No. While reporting positions on Schedule 13G/A, T. Rowe Price states that the filing should not be construed as an admission of beneficial ownership of the securities referenced and that such beneficial ownership is expressly denied.

What type of security in First Advantage Corp (FA) is reported by T. Rowe Price?

The filing covers common stock of First Advantage Corp, identified by CUSIP 31846B108, with T. Rowe Price Associates, Inc. as the reporting person in Amendment No. 2 to Schedule 13G/A.

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

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Available on EDGAR 08/14/2026 - 10:40 AM Accepted by SEC EDGAR 08/14/2026 - 10:38 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

FIRST ADVANTAGE CORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

31846B108

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 31846B108

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 15,650,390.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 15,707,023.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,707,023.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.2 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FIRST ADVANTAGE CORP
(b)	Address of issuer's principal executive offices: 1 CONCOURSE PARKWAY NE, SUITE 200, ATTN: BRET T. JARDINE, ESQ., ATLANTA, GA, 30328
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 31846B108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 15707023
(b)	Percent of class: 9.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15650390
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 15707023
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2026