FIRST ADVANTAGE CORP
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-07.
0001193125-26-211985
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-08-06.
0001193125-26-338063
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults Upon Senior SecuritiesMine Safety DisclosuresOther InformationThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 17 previous paragraphs and 20 current paragraphs.
13 unchanged; 2 reworded; 5 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 1 previous and 3 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
The current filing states there were no material changes to risk factors.
This is the filer’s own statement, not a conclusion from the comparison. Read its qualifications and the report it references.
Current filing’s statement
There have been no material changes in our risk factors, compared with the disclosure in our 2025 Annual Report.
Added paragraphs (5)
Current report
Intended to satisfy the affirmative defense of Rule 10b5-1(c).
Current report
A trading plan may also expire on such earlier date that all transactions under the trading plan are completed. The Rule 10b5-1 Plan presented in the table above terminated on June 1, 2026 (prior to the expiration of its “cooling period”) pursuant to its terms when all shares of common stock covered by such plan were sold pursuant to the then current previously reported Rule 10b5-1 Plan, which would have otherwise expired on August 7, 2026.
Current report
In addition, we inadvertently omitted the below disclosure from Part II, Item 9B in the 2025 Annual Report, regarding an amendment to the number of shares to be sold under the previously reported Rule 10b5-1 Plan, originally adopted by Mr. Clark on June 12, 2025.
Current report
Intended to satisfy the affirmative defense of Rule 10b5-1(c).
Current report
A trading plan may also expire on such earlier date that all transactions under the trading plan are completed.
Removed paragraphs (2)
Previous report
On May 7, 2026, the Company entered into an amendment to the employment letter agreement, dated May 31, 2017, with Joelle M. Smith, the Company’s President, to extend her severance period from six months to twelve months following a termination without Cause or resignation for Good Reason (as such terms are defined in the employment letter agreement). The Company’s Board of Directors, upon recommendation of the Compensation Committee, approved the amendment. All other terms related to severance under the original employment letter agreement remain applicable, as set forth in such agreement, which was filed as Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q, filed on May 10, 2023.
Reworded paragraphs (2)
Previous wording
All share repurchases were made under the Company's publicly announced program, and there are no other programs under which the Company repurchases shares. The following information relates to the Company’s purchase of its common stock during each month within the first quarter of 2026:
Current wording
All share repurchases were made under the Company's publicly announced program, and there are no other programs under which the Company repurchases shares. The following information relates to the Company’s purchase of its common stock during each month within the second quarter of 2026:
Previous wording
During the three months ended March 31, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act)adopted, terminated, ormodified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K).
Current wording
During the three months ended June 30, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act)adopted, terminated, ormodified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K), except as described below.