Nairne Douglas 4

What Happened

• Nairne Douglas, Chief Operating Officer of First Advantage Corp (FA), had 715 restricted stock units (RSUs convert/derivative transaction code M) that vested/converted on May 11, 2026.
• The filing reports 715 shares as both “acquired” (conversion of the RSUs) and 715 shares as “disposed” at $0 (derivative). No per-share price or cash proceeds are reported on the Form 4.

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 13, 2026 (timely filing, within the usual 2-business-day window).
• Reported quantities: 715 RSUs converted; 715 shares listed as disposed at $0. No dollar value or share price is shown.
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes: (F1) Each RSU equals a contingent right to one common share and may be settled in stock, cash, or a combination. (F2) These RSUs vest in equal annual installments on May 11, 2025, 2026 and 2027, subject to continued service.
• Transaction type: M = exercise or conversion of a derivative (RSU settlement). The “disposed $0” line often reflects settlement mechanics (e.g., cash settlement or shares withheld for taxes), but the Form 4 does not specify which.

Context

• This appears to be a routine compensation-related RSU vesting/conversion rather than an open-market buy or sell. Such settlements can be stock issuance, cash payments, or net share withholding for taxes; the filing’s lack of price/value means you cannot infer proceeds or a market view from this entry alone.