Nairne Douglas 4

What Happened
Nairne Douglas, Chief Operating Officer of First Advantage Corp (FA), had 743 restricted stock units (RSUs convert/derivative M) convert into 743 shares on March 4, 2026. The filing also reports 743 shares disposed at $0, so there were no cash proceeds from the reported disposition. This transaction is a conversion/settlement of RSUs rather than an open-market sale or purchase.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (appears timely).
• Reported transactions: Exercise/conversion of derivative (code M) — 743 shares acquired (price N/A); 743 shares disposed at $0 (derivative).
• Reported value of disposed shares: $0.
• Shares owned after the transaction: Not disclosed in the provided excerpt.
• Footnotes: F1—Each RSU represents a contingent right to one share; settlement may be in stock, cash, or a combination. F2—These RSUs were originally granted March 4, 2024 and vest in four equal annual installments beginning March 4, 2025.
• Filing timeliness: Filed two days after the transaction date; not marked late in the provided data.

Context
This filing reflects RSU vesting/conversion rather than a purchase or a market sale. The simultaneous acquisition and $0 disposal of the same 743 shares is consistent with RSU settlement mechanics (e.g., conversion and settlement/withholding per plan terms) and does not indicate an ordinary open-market sale or net cash proceeds.