John Civantos - 25 Feb 2022 Form 3 Insider Report for System1, Inc. (SST)

Role
Director
Signature
/s/ Daniel Weinrot, Attorney-in-Fact for John Civantos
Issuer symbol
SST
Transactions as of
25 Feb 2022
Net transactions value
$0
Form type
3
Filing time
07 Mar 2022, 19:32:46 UTC
Next filing
22 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SST Class A Common Stock 61,209 25 Feb 2022 Direct
holding SST Class A Common Stock 75,612 25 Feb 2022 By Trust F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SST Warrants (right to buy) 25 Feb 2022 Class A Common Stock 100,000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects securities held by John Civantos 2011 Family Trust. Mr. Civantos disclaims beneficial interest in such securities except to any pecuniary interest therein.
F2 Each warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at an exercise price of $11.50 per share. The warrants become exercisable 30 days after the completion of the Business Combination involving the Issuer that occurred on November 11, 2021. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading "Description of System1 Securities-System1 Warrants" in the Company's registration statement on Form S-4 (File No. 333-260714) concerning the Business Combination of the Issuer.

Remarks:

Exhibit 24 - Power of Attorney.