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Five Silver Lake reporting persons—SLP Fastball Aggregator, L.P., SLP V Aggregator GP, L.L.C., Silver Lake Technology Associates V, L.P., SLTA V (GP), L.L.C., and Silver Lake Group, L.L.C.—may be deemed to beneficially own an aggregate 73,542,678 shares of First Advantage Corporation common stock as of September 30, 2026, representing approximately 42.8% of the class.
The aggregate includes 73,028,998 shares held directly by SLP Fastball, 132,306 held directly by Silver Lake Group, and 381,374 held on behalf of certain employees and managing members. For the latter shares, the reporting persons may be deemed to have voting power but no dispositive power. Justin G. Hamill, Silver Lake Group’s Chief Legal Officer, signed the joint filing.
Key Figures
Aggregate beneficial ownership:73,542,678 sharesBeneficial ownership percentage:Approximately 42.8%Shares outstanding:171,753,691 shares+3 more
6 metrics
Aggregate beneficial ownership73,542,678 sharesMay be deemed beneficially owned as of September 30, 2026
Beneficial ownership percentageApproximately 42.8%Based on shares outstanding as of July 31, 2026
Shares outstanding171,753,691 sharesAs of July 31, 2026; basis for the percentage calculation
Shares held directly by SLP Fastball73,028,998 sharesIncluded in the aggregate beneficial ownership amount
Shares held directly by Silver Lake Group132,306 sharesIncluded in the aggregate beneficial ownership amount
Shares held on behalf of employees and managing members381,374 sharesReporting persons may be deemed to have voting power but no dispositive power
Key Terms
beneficially own, Shared Voting Power, Shared Dispositive Power
3 terms
beneficially ownregulatory
"may be deemed to beneficially own an aggregate"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Shared Voting Powerregulatory
"Shared Voting Power 73,028,998.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Shared Dispositive Powerregulatory
"Shared Dispositive Power 73,028,998.00"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many FA shares may the Silver Lake reporting persons be deemed to own?
As of September 30, 2026, the five reporting persons may be deemed to beneficially own an aggregate 73,542,678 shares, approximately 42.8% of First Advantage’s common stock.
What share count was used to calculate Silver Lake’s FA ownership percentage?
The percentage calculation uses 171,753,691 shares outstanding as of July 31, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
First Advantage Corporation
(Name of Issuer)
Common stock, $0.001 par value per share
(Title of Class of Securities)
31846B108
(CUSIP Number)
09/30/2026
(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
SLP Fastball Aggregator, L.P.
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
73,028,998.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
73,028,998.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
73,028,998.00
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)
42.5 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
31846B108
1
Names of Reporting Persons
SLP V Aggregator GP, L.L.C.
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
73,028,998.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
73,028,998.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
73,028,998.00
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)
42.5 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
31846B108
1
Names of Reporting Persons
Silver Lake Technology Associates V, L.P.
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
73,251,009.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
73,028,998.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
73,251,009.00
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)
42.6 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
31846B108
1
Names of Reporting Persons
SLTA V (GP), L.L.C.
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
73,251,009.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
73,028,998.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
73,251,009.00
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)
42.6 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
31846B108
1
Names of Reporting Persons
Silver Lake Group, L.L.C.
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
73,542,678.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
73,161,304.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
73,542,678.00
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)
42.8 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
First Advantage Corporation
(b)
Address of issuer's principal executive offices:
1 Concourse Parkway NE, Suite 200, Atlanta, GA 30328
Item 2.
(a)
Name of person filing:
This Schedule 13G is being filed jointly by SLP Fastball Aggregator, L.P., a Delaware limited partnership ("SLP Fastball"), SLP V Aggregator GP, L.L.C. ("SLP V GP"), a Delaware limited liability company, Silver Lake Technology Associates V, L.P. a Delaware limited partnership ("SLTA V"), SLTA V (GP), L.L.C., a Delaware limited liability company ("SLTA V GP"), and Silver Lake Group, L.L.C., a Delaware limited liability company ("SLG") (each a "Reporting Person" and, together, the "Reporting Persons"), pursuant to an agreement of joint filing.
SLP V GP is the general partner of SLP Fastball. SLTA V is the managing member of SLP V GP. SLTA V GP is the general partner of SLTA V. SLG is the managing member of SLTA V GP.
(b)
Address or principal business office or, if none, residence:
The principal business address of each of the Reporting Persons is as follows:
c/o Silver Lake
2775 Sand Hill Road, Suite 100
Menlo Park, CA 94025
(c)
Citizenship:
See response to Item 4 of each of the cover pages and Item 2(a) above.
(d)
Title of class of securities:
Common stock, $0.001 par value per share
(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:
The information contained in rows 5, 6, 7, 8, 9, 10, and 11 on each of the cover pages of this Schedule 13G is incorporated by reference in its entirety into this Item 4.
As of September 30, 2026, the Reporting Persons, as applicable, may be deemed to beneficially own an aggregate of 73,542,678 shares of common stock, $0.001 par value per share (the "Common Stock") of First Advantage Corporation (the "Issuer"), including 73,028,998 shares of Common Stock held directly by SLP Fastball, 132,306 shares of Common Stock held directly by SLG and 381,374 shares of Common Stock held by the Reporting Persons on behalf of certain of their employees and certain managing members of SLG or its affiliates over which the Reporting Persons may be deemed to have voting power but no dispositive power, representing approximately 42.8% of the issued and outstanding shares of the Issuer's Common Stock.
The percentages of beneficial ownership in this Schedule 13G are based on 171,753,691 shares of Common Stock of the Issuer outstanding as of July 31, 2026, as reflected in the Prospectus filed by the Issuer with the Securities and Exchange Commission on August 12, 2026.
(b)
Percent of class:
Each of the Reporting Persons may be deemed to be the beneficial owner of the percentage of shares of Common Stock listed on such Reporting Person's cover page.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See the information set forth in Row 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See the information set forth in Row 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See the information set forth in Row 7 on each cover page.
(iv) Shared power to dispose or to direct the disposition of:
See the information set forth in Row 8 on each cover page.
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:
Not Applicable
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.
SLP Fastball Aggregator, L.P.
Signature:
/s/ Justin G. Hamill
Name/Title:
Justin G. Hamill, Chief Legal Officer of Silver Lake Group, L.L.C., See Exhibit 99.1
Date:
11/06/2026
SLP V Aggregator GP, L.L.C.
Signature:
/s/ Justin G. Hamill
Name/Title:
Justin G. Hamill, Chief Legal Officer of Silver Lake Group, L.L.C., See Exhibit 99.1
Date:
11/06/2026
Silver Lake Technology Associates V, L.P.
Signature:
/s/ Justin G. Hamill
Name/Title:
Justin G. Hamill, Chief Legal Officer of Silver Lake Group, L.L.C., See Exhibit 99.1
Date:
11/06/2026
SLTA V (GP), L.L.C.
Signature:
/s/ Justin G. Hamill
Name/Title:
Justin G. Hamill, Chief Legal Officer of Silver Lake Group, L.L.C., See Exhibit 99.1
Date:
11/06/2026
Silver Lake Group, L.L.C.
Signature:
/s/ Justin G. Hamill
Name/Title:
Justin G. Hamill, Chief Legal Officer of Silver Lake Group, L.L.C., See Exhibit 99.1
