Silver Lake Group, L.L.C. - Sep 15, 2023 Form 4 Insider Report for FIRST ADVANTAGE CORP (FA)

Signature
By: /s/ Andrew J. Schader, Managing Director and General Counsel of Silver Lake Group, L.L.C.
Stock symbol
FA
Transactions as of
Sep 15, 2023
Transactions value $
-$2,422,247
Form type
4
Date filed
9/15/2023, 08:59 PM
Previous filing
Nov 10, 2022
Next filing
Dec 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FA Common Stock Sale -$2.42M -170K -52.51% $14.29 153K Sep 15, 2023 Held through Silver Lake Group, L.L.C. F1, F2, F5
transaction FA Common Stock Other $0 -153K -100% $0.00* 0 Sep 15, 2023 Held through Silver Lake Group, L.L.C. F1, F2, F6
holding FA Common Stock 89.6M Sep 15, 2023 Held through SLP Fastball Aggregator, L.P. F2
holding FA Common Stock 90.4K Sep 15, 2023 Direct F3
holding FA Common Stock 25.6K Sep 15, 2023 See footnote F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are directly owned by Silver Lake Group, L.L.C. ("SLG"). Such securities were received in a prior in-kind distribution from certain affiliates of SLG. The sale described herein is being made solely by SLG. Investment funds affiliated with SLG which hold securities of the Issuer are not selling any securities of the Issuer at this time.
F2 Represents securities held by SLP Fastball Aggregator, L.P. ("SLP Fastball"). SLP V Aggregator GP, L.L.C. ("SLP V GP") is the general partner of SLP Fastball. Silver Lake Technology Associates V, L.P. ("SLTA V") is the managing member of SLP V GP. SLTA V (GP), L.L.C. ("SLTA V GP") is the general partner of SLTA V. SLG is the managing member of SLTA V GP. Mr. Joseph Osnoss serves as a member of the board of directors of the Issuer and is a Managing Member of SLG. Each of SLP Fastball, SLP V GP, SLTA V, SLTA V GP and SLG may be deemed to be a director by deputization of the Issuer.
F3 Represents shares of Common Stock held by Mr. Joseph Osnoss.
F4 Represents shares of Common Stock beneficially owned indirectly by Mr. Osnoss through a trust for the benefit of certain family members.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.14 to $14.6645, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4.
F6 Represents a distribution by SLG of shares of Common Stock to certain of its members as an in-kind distribution. Investment funds affiliated with SLG which hold securities of the Issuer are not distributing any securities of the Issuer at this time.

Remarks:

The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. This filing shall not be deemed an admission that the Reporting Persons are beneficial owners of all securities covered by this filing for purposes of Section 16 of the Exchange Act or otherwise, and each Reporting Person disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein, if any.