Nairne Douglas 4

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.