Nairne Douglas 4
4 · FIRST ADVANTAGE CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
First Advantage (FA) COO Nairne Douglas Converts 742 RSUs
What Happened
Nairne Douglas, Chief Operating Officer of First Advantage Corp. (FA), had 742 restricted stock units (RSUs) convert to common shares on March 4, 2025 (transaction code M — exercise/conversion of derivative). The Form 4 shows 742 shares acquired through conversion and 742 shares disposed at $0.00, which is consistent with shares being withheld or surrendered to cover taxes rather than a cash sale. No market price or dollar value for the converted shares is reported on this filing.
Key Details
- Transaction date: 2025-03-04 (conversion/vesting event).
- Reported prices: Acquired 742 shares (price N/A); Disposed 742 shares at $0.00 (reported as derivative disposition).
- Shares owned after transaction: corrected balance reported as 46,742 common shares beneficially owned (per footnote F2).
- Unvested RSUs after the transaction: 1,486 RSUs (per footnote F2).
- Relevant footnotes: F1 explains RSUs settle in stock or cash; F3 notes these RSUs were granted 3/4/2024 and vest in four equal installments beginning 3/4/2025. F2 notes the Form 4 amends/updates prior filings and provides corrected balances.
- Filing timeliness: The Form 4 was filed March 13, 2026 for a 2025-03-04 event, so the filing appears to be late.
Context
This was a conversion/vesting of RSUs rather than an open-market purchase or sale. The reported disposition at $0.00 typically reflects shares withheld or surrendered to satisfy tax withholding obligations — not a market sale signaling sentiment. RSUs vesting on a scheduled date is a routine compensation event; amended filings updated the beneficially owned and unvested balances.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2025-03-04+742→ 22,457 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F2]2025-03-04−742→ 2,229 total→ Common Stock (742 underlying)
Footnotes (3)
- [F1]Each restricted stock unit (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).
- [F2]Reflects the balance as of the transaction date. This Form 4 is also deemed to amend and update the number of shares reported as beneficially owned on each Form 4 filed subsequent to March 4, 2025 through the date hereof. The Form 4 filed on March 6, 2026 reflects the corrected balance of 46,742 shares in column 5 of Table I and 1,486 unvested RSUs in column 9 of Table II as of such date.
- [F3]Represents RSUs originally granted on March 4, 2024, which vest in four equal installments, beginning on March 4, 2025, subject to continued service through such dates.