New insider Nairne Douglas claimed ownership of 21,715 shares (SEC Form 3)
$FA
Business Services
Consumer Discretionary
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 11/11/2024 |
3. Issuer Name and Ticker or Trading Symbol
FIRST ADVANTAGE CORP [ FA ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
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| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 21,715 | D | |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Options (Right to Buy) | (1) | 12/21/2031 | Common Stock | 70,000 | $16.02 | D | |
| Restricted Stock Units | (2) | (2) | Common Stock | 14,000 | (3) | D | |
| Stock Options (Right to Buy) | (4) | 05/11/2033 | Common Stock | 11,549 | $11.12 | D | |
| Restricted Stock Units | (5) | (5) | Common Stock | 2,147 | (3) | D | |
| Stock Options (Right to Buy) | (6) | 03/04/2034 | Common Stock | 5,741 | $15.81 | D | |
| Restricted Stock Units | (7) | (7) | Common Stock | 2,971 | (3) | D | |
| Explanation of Responses: |
| 1. Of these options, 28,000 are unvested options which will vest in equal annual installments on October 20, 2025 and 2026, subject to continued service through such dates. |
| 2. The resticted stock units (RSUs) will vest in equal annual installments on October 20, 2025 and 2026, subject to continued service through such dates. |
| 3. Each 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). |
| 4. Of these options, 8,662 are unvested options which will vest in equal annual installments on May 11, 2025, 2026 and 2027, subject to continued service through such dates. |
| 5. The RSUs will vest in equal annual installments on May 11, 2025, 2026, and 2027, subject to continued service through such dates. |
| 6. The options will vest in equal annual installments on March 4, 2025, 2026, 2027, and 2028, subject to continued service through such dates. |
| 7. The RSUs will vest in equal annual installments on March 4, 2025, 2026, 2027, and 2028, subject to continued service through such dates. |
| Remarks: |
| Exhibit List: Exhibit 24 - Power of Attorney |
| /s/ Bret T. Jardine, Attorney-in-Fact | 11/15/2024 | |
| ** 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 5 (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. | ||