secwatch.observer — SEC 8-K summary
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Issuer:     FIRST ADVANTAGE CORP (FA)
CIK:        0001210677
Form:       8-K
Filed at:   2026-08-12T21:07:17+00:00
Accession:  0001193125-26-347130
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silver Lake sells 12.5M First Advantage shares at $22.20 in secondary offering
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- Selling stockholder Silver Lake to sell 12,500,000 shares at $22.20 per share; total gross proceeds ~$277.5M.
- First Advantage receives no proceeds; all proceeds go to Silver Lake.
- Offering closed Aug 12, 2026; underwritten by J.P. Morgan Securities LLC.
- Silver Lake entered 30-day lock-up; up to 4.2M shares distributed to limited partners not subject to lock-up.
- No lock-up for First Advantage directors and officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1210677/000119312526347130/0001193125-26-347130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1210677/000119312526347130/d149261d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-347130

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer