Jardine Bret T 4

What Happened
Bret T. Jardine, Chief Legal Officer of First Advantage Corp (FA), exercised 25,000 stock options on June 1, 2026 at $5.11 per share (total cost $127,750) and sold 25,000 common shares the same day in an open-market transaction for aggregate proceeds of $417,640 (weighted average sale price $16.71). The options had become fully vested on January 31, 2026. The sale was made pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-06-01.
• Option exercise: 25,000 shares at $5.11 each — $127,750 cash outlay.
• Open-market sale: 25,000 shares, weighted average price $16.71, total proceeds $417,640; reported sale price range $16.50 to $17.07 per share. (Footnote offers breakdown on request.)
• Additional derivative line shows a 25,000-share conversion/disposition at $0.00 consistent with the simultaneous exercise/sale reporting.
• Options fully vested on 2026-01-31 (footnote).
• Sale executed under a 10b5-1 plan adopted August 8, 2025.
• Shares owned after the transactions: not disclosed in the provided Form 4 excerpt.
• Filing date: 2026-06-03 (appears timely relative to the 2026-06-01 transaction).

Context
Because the exercise and sale occurred the same day, the transaction is effectively a cashless exercise (options exercised and resulting shares sold). Sales under predetermined 10b5-1 plans are routine and do not by themselves indicate the insider’s view of the company. This summary is factual and does not speculate on motive.