SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 6.2% Passive Stake in First Advantage Corp

FMR LLC and its affiliates, along with Abigail P. Johnson, have disclosed a passive beneficial ownership of 6.2% of First Advantage Corp's common stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson, through various affiliated entities, reported beneficial ownership of 10,776,340.09 shares of First Advantage Corp's common stock.
• This aggregate amount represents 6.2% of the total outstanding common stock of First Advantage Corp.
• The filing, a Schedule 13G, indicates that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
• FMR LLC holds sole voting power over 10,775,851.00 shares and sole dispositive power over 10,776,340.09 shares.
• Abigail P. Johnson holds sole dispositive power over 10,776,340.09 shares.
• Key entities within FMR LLC that beneficially own shares include FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, with Fidelity Management & Research Company LLC owning 5% or more.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing a passive beneficial ownership stake. It provides factual information without expressing positive or negative sentiment regarding the issuer's performance or outlook.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Stakeholder Impact

• Shareholders: Disclosure of a significant passive ownership stake by a major institutional investor (FMR LLC) and its principal (Abigail P. Johnson) provides transparency regarding the company's ownership structure, which can influence investor perception and trading activity.

Key Dates

Keywords

First Advantage Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Institutional Investor, SEC Filing, FADV