Key facts
- This page summarizes Christopher Stephen Phillips's Form 4 filing for System1, Inc. (SST).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 22 Apr 2022, 21:36.
Christopher Stephen Phillips - 20 Apr 2022 Form 4 Insider Report for System1, Inc. (SST)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- SST
- Reported as of
- 20 Apr 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 22 Apr 2022, 21:36:59 UTC
- Prior SEC filing
- 21 Apr 2022
- Next SEC filing
- 23 Aug 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Daniel Weinrot, as Attorney-in-Fact for Christopher Stephen Phillips
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Christopher Stephen Phillips filed Form 4 for System1, Inc. (SST) on 22 Apr 2022.
Change
- Previous filing in this sequence was filed on 21 Apr 2022.
- Current net transaction value: $0.
Research use
- 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.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SST
transaction
Class A Common Stock
Other
- Transaction value
- $0
- Shares
- -28,650,499
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 20 Apr 2022
- Ownership
- By JDI & AFH Limited
- Footnotes
- F1
SST
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 20,447,728
- Date
- 20 Apr 2022
- Ownership
- By Just Develop It Limited
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
On April 20, 2022, JDI & AFH Limited ("J&A") distributed all of its 28,650,499 shares to its members on a pro rata basis for no consideration (the "J&A Distribution"). J&A's controlling stockholder is Just Develop It Limited ("JDI"). JDI may be deemed to indirectly beneficially own the securities held by J&A. As a result of the J&A Distribution, JDI's beneficial ownership of 19,508,187 shares held by J&A, representing its pro rata interest in J&A, was changed from indirect to direct beneficial ownership. Christopher Phillips, a director of the Company, is a director of J&A and JDI. JDI's controlling stockholder is Christopher Phillips. Mr. Phillips has voting and dispositive power over the securities held by J&A and JDI and thus may be deemed to beneficially own the shares held by J&A and JDI, but disclaims such beneficial ownership except to any pecuniary interest therein. As a reslt of the J&A Distribution, J&A is no longer a 10% beneficial owner of Issuer securities.
Footnote F2
Includes 19,508,187 distributed to JDI from J&A in connection with the J&A Distribution. See Footnote 1.