Quick Takeaways
- This page summarizes Just Develop It Ltd's Form 4 filing for System1, Inc. (SST).
- 1 reported transaction and 0 derivative rows are listed below.
- Filing timestamp: 07 Mar 2022, 19:30.
Just Develop It Ltd - 28 Jan 2022 Form 4 Insider Report for System1, Inc. (SST)
- Role
- 10%+ Owner
- Signature
- By: /s/ Daniel Weinrot, Attorney-in-Fact for Just Develop It Limited
- Issuer symbol
- SST
- Transactions as of
- 28 Jan 2022
- Net transactions value
- $0
- Form type
- 4
- Filing time
- 07 Mar 2022, 19:30:59 UTC
- Previous filing
- 07 Mar 2022
- SEC
- View on sec.gov
Quoteable Key Fact
"Just Develop It Ltd filed Form 4 for System1, Inc. (SST) on 07 Mar 2022."
What Changed
- Previous filing in this sequence was filed on 07 Mar 2022.
- Current net transaction value: $0.
Why This Matters
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Source Evidence
Filed on Form 4
See Original Filing
Ownership activity is grounded in SEC Form 4 disclosures.
Transactions Table
SST
transaction
Class A Common Stock
Award
- Transaction value
- Shares
- +725,000
- Change %
- Price
- Shares after
- 725,000
- Date
- 28 Jan 2022
- Ownership
- Direct
- Footnotes
- F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
| Id | Content |
|---|---|
| F1 | Received in connection with the business combination (the "Business Combination") among System1, Inc. (f/k/a Trebia Acquisition Corp., the "Company"), S1 Holdco, LLC ("S1 Holdco"), Orchid Merger Sub I, Inc. ("Merger Sub I"), Orchid Merger Sub II, LLC ("Merger Sub II" and, together with Merger Sub I, the "Merger Subs"), System1 SS Protect Holdings, Inc. ("Protected") and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022). |
| F2 | The shares are represented by restricted stock units ("RSUs") granted to the reporting person in connection with the Business Combination and which vest upon the occurrence of: (a) the first trading day on which the volume weighted average price of the Company's Class A common stock equals or exceeds $12.50 per share for any 20 trading days within a period of 30 consecutive trading days or (b) a Change of Control (as defined in the Business Combination Agreement), in which the valuation of the Company's Class A common stock is equal to or in excess of $12.50 per share, for the five-year period following the closing of the Business Combination. |
| F3 | JDIL's controlling stockholder is Christopher Phillips, a director of the Company and Mr. Phillips is a director of JDIL. Mr. Phillips has voting and dispositive power over the securities held by JDIL and may be deemd to beneficially own the shares held by JDIL, but disclaims such beneficial ownership except to any pecuniary interest therein. Mr. Phillips has filed separate Section 16 forms regarding his deemed beneficial ownership of these shares |