Silver Lake sells 12.5 million First Advantage shares at $22.20 each

First Advantage Corporation (NASDAQ: FA) announced the pricing of a secondary stock offering in which investment funds affiliated with Silver Lake Group, L.L.C. are selling 12,500,000 shares of common stock at $22.20 per share, according to a company press release.

First Advantage is not selling any shares in the offering and will not receive any proceeds. All proceeds from the sale will go to the selling stockholder, Silver Lake Group and its affiliates.

The offering is expected to close on or about Aug. 12, 2026, subject to customary closing conditions. J.P. Morgan Securities LLC is acting as the sole underwriter.

In connection with the offering, Silver Lake has entered into a 30-day lock-up agreement with the underwriter. The selling stockholder will also distribute up to 4,200,000 shares to its limited partners around the closing date, and those shares will not be subject to the lock-up restriction. No directors or officers of First Advantage are subject to any lock-up agreement with the underwriter.

The offering is being made pursuant to a registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission, which has become effective.

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