SCHEDULE: FMR LLC Reports 5.2% Stake in First Advantage Corp

FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting beneficial ownership of 9,077,681.03 shares of First Advantage Corp's common stock, representing 5.2% of the class.

Summary

• FMR LLC and Abigail P. Johnson have filed a Schedule 13G indicating beneficial ownership of 9,077,681.03 shares of First Advantage Corp common stock.
• This holding represents 5.2% of the total outstanding shares of First Advantage Corp's common stock.
• The filing is dated March 31, 2026, and was submitted on May 5, 2026.
• FMR LLC is classified as a holding company (HC), and Abigail P. Johnson is classified as an investment company (IN).
• Several entities, including FIAM LLC, Fidelity Institutional Asset Management Trust Company BK, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as subsidiaries or affiliates of FMR LLC that beneficially own shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports existing ownership stakes rather than new financial performance or strategic shifts.

Positives

• FMR LLC and its affiliates hold a significant stake (5.2%) in First Advantage Corp, suggesting confidence in the company's value or prospects.
• The filing indicates that FMR LLC and Abigail P. Johnson are acting in concert, which could imply a coordinated investment strategy.

Negatives

• The filing does not contain any negative financial results or operational challenges for First Advantage Corp.

Risks

• The filing does not explicitly mention any risks related to First Advantage Corp's business operations or financial performance.

Future Outlook

The filing is a Schedule 13G, which reports current beneficial ownership and does not contain forward-looking statements or guidance regarding First Advantage Corp's future performance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by FMR LLC, a major investment management firm, indicates a significant institutional holding in First Advantage Corp. Such filings often signal sustained investor interest or a strategic position within the data analytics and human capital management sector where First Advantage Corp operates.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor's stake, which can influence market perception and potentially stock liquidity.
• First Advantage Corp Management: The presence of a substantial holder like FMR LLC may lead to increased engagement on corporate governance and strategy.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership of First Advantage Corp's common stock.
• Future filings will be made if there are significant changes in beneficial ownership.

Key Dates

Keywords

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