Jardine Bret T 4

What Happened

• Bret T. Jardine, Chief Legal Officer of First Advantage Corp (FA), had 976 restricted stock units (RSUs vest) converted to common shares on May 11, 2026. Of those 976 shares, 294 were withheld to cover tax obligations (value $4,716) and 682 were sold in an open‑market transaction (682 @ $16.12, proceeds $10,994). The transactions were reported on a Form 4 filed May 13, 2026.

Key Details

• Transaction dates and prices:
  • May 11, 2026: 976 RSUs converted to shares (reported as derivative exercise/ conversion, code M).
  • May 11, 2026: 294 shares withheld for tax withholding (code F) at $16.04 per share; reported value $4,716.
  • May 12, 2026: 682 shares sold in the open market (code S) at $16.12 per share; reported proceeds $10,994.
• Shares owned after the transactions: not specified in the filing.
• Notable footnotes:
  • RSUs settle in stock or cash (F1).
  • 294 shares withheld to cover tax withholding (F3).
  • The 682‑share sale was executed pursuant to a Rule 10b5‑1 trading plan adopted Aug 8, 2025 (F4).
  • The RSUs were part of a grant made May 11, 2023 that vests in four equal annual installments beginning May 11, 2024 (F5).
• Filing timeliness: Form 4 filed May 13, 2026 for a May 11, 2026 transaction — reported within the standard Form 4 window.

Context

• These entries reflect the vesting/settlement of RSUs and standard post‑vesting handling: shares withheld to satisfy tax withholding and the remaining shares sold under a pre‑arranged 10b5‑1 plan. This is a routine insider transaction tied to compensation vesting rather than a separate open‑market purchase.