Moujan Kazerani - 28 Jan 2022 Form 4/A - Amendment Insider Report for System1, Inc. (SST)

Role
Director
Signature
By: /s/ Daniel Weinrot, Attorney-in-Fact for Moujan Kazerani
Issuer symbol
SST
Transactions as of
28 Jan 2022
Net transactions value
+$252,869
Form type
4/A - Amendment
Filing time
07 Mar 2022, 19:34:06 UTC
Date Of Original Report
01 Feb 2022
Previous filing
31 Jan 2022
Next filing
22 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Purchase $211,355 +20,500 $10.31 20,500 28 Jan 2022 By Spouse 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
transaction SST Warrants (right to buy) Purchase $41,514 +40,700 $1.02 40,700 28 Jan 2022 Class A Common Stock 40,700 By Spouse F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average purchase price paid. These shares were purchased in multiple transactions at prices ranging from $9.96 to $10.59, inclusive. The reporting person undertakes to provide to System1, Inc. (the "Company"), any securityholder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote to this Form 4.
F2 Each warrant entitles the holder thereof to purchase one share of Class A common stock of System1, Inc. (the "Company") at an exercise price of $11.50 per share. The warrants become exercisable 30 days after the completion of the Business Combination. The warrants 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).
F3 Represents the weighted average purchase price paid. These warrants were purchased in multiple transactions at prices ranging from $1.00 to $1.06, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the ranges set forth in this footnote to this Form 4.

Remarks:

This Form 4/A restates in its entirety the Form 4 filed on February 1, 2022, (the "Original Form 4"), which mistakenly reported that the reporting person beneficially owned 75,612 shares of Class A common stock held by Carbon Investments, LLC. The Original Form 4 also excluded the reporting person's indirect acquisitions of 20,500 shares of Class A common stock and 40,700 warrants by the spouse of Ms. Kazerani.