A group of Silver Lake-affiliated entities filed Amendment No. 2 to Schedule 13G with the SEC on November 6, 2026, disclosing aggregate beneficial ownership of 73,542,678 shares of First Advantage Corporation common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: The reporting persons collectively reported 73,542,678 shares of First Advantage Corporation common stock, representing approximately 42.8% of the class.
  • Direct holder: SLP Fastball Aggregator, L.P. held 73,028,998 shares directly, with shared voting and dispositive power over that position.
  • Additional holdings: Silver Lake Group, L.L.C. held 132,306 shares directly, and 381,374 shares were held on behalf of certain employees and managing members, over which the reporting persons report voting power but no dispositive power.
  • Share count basis: Percentage calculations are based on 171,753,691 shares outstanding as of July 31, 2026, as reflected in a Prospectus filed August 12, 2026.
  • Event date: The event requiring this filing occurred on September 30, 2026.
  • No sole voting or dispositive power: All reporting persons reported zero sole voting power and zero sole dispositive power over the shares disclosed.

Silver Lake Group's Amendment 2 Ownership Disclosure for First Advantage

Five Silver Lake-affiliated entities filed a joint Schedule 13G (Amendment No. 2) on November 6, 2026, covering their beneficial ownership of common stock, $0.001 par value per share, of First Advantage Corporation (CUSIP 31846B108). The filing was triggered by an event dated September 30, 2026. Each reporting person is organized in Delaware, and all share a principal business address at 2775 Sand Hill Road, Suite 100, Menlo Park, CA 94025, according to the filing.

According to the filing, the five reporting persons are SLP Fastball Aggregator, L.P.; SLP V Aggregator GP, L.L.C.; Silver Lake Technology Associates V, L.P.; SLTA V (GP), L.L.C.; and Silver Lake Group, L.L.C. The filing describes an ownership chain in which SLP V GP serves as general partner of SLP Fastball, SLTA V is managing member of SLP V GP, SLTA V GP is general partner of SLTA V, and SLG is managing member of SLTA V GP. At the top of that chain, Silver Lake Group, L.L.C. reported aggregate beneficial ownership of 73,542,678 shares, representing approximately 42.8% of the outstanding common stock.

The filing states that of the aggregate 73,542,678 shares, 73,028,998 are held directly by SLP Fastball, 132,306 are held directly by SLG, and 381,374 are held on behalf of certain employees and managing members, over which the reporting persons "may be deemed to have voting power but no dispositive power." All shared voting power figures and shared dispositive power figures are reported at the entity level on each cover page. The filing notes that percentage figures are calculated using 171,753,691 shares of common stock outstanding as of July 31, 2026, as reflected in the Issuer's Prospectus filed with the SEC on August 12, 2026. The amendment was signed by Justin G. Hamill, Chief Legal Officer of Silver Lake Group, L.L.C., on behalf of the reporting persons.

What Was Disclosed

Silver Lake-affiliated entities filed Amendment No. 2 to Schedule 13G disclosing aggregate beneficial ownership of 73,542,678 shares, or approximately 42.8%, of First Advantage Corporation common stock as of September 30, 2026, with all voting and dispositive power held on a shared basis.