Daniel J. Weinrot - May 10, 2022 Form 4 Insider Report for System1, Inc. (SST)

Role
General Counsel & Corporate Secretary
Signature
/s/ Daniel Weinrot, Attorney-in-Fact for Daniel Weinrot
Stock symbol
SST
Transactions as of
May 10, 2022
Transactions value $
$0
Form type
4
Date filed
5/12/2022, 09:45 PM
Previous filing
Jan 31, 2022
Next filing
Jun 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Award $0 +60K +155.99% $0.00 98.5K May 10, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Weinrot was granted 60,000 restricted stock units ("RSUs") in connection with his continued employment with System1, Inc. ("SST"). Each RSU represents the right to receive one share of SST Class A Common Stock upon vesting. Subject to the continued employment of Mr. Weinrot through the applicable vesting dates, (i) 3,000 of the RSUs will vest on January 28, 2023, (ii) 9,000 of the RSUs will vest in quarterly installments of 2,250 each on January 28, April 28, July 28 and October 28, 2024 and (iii) the remaining 48,000 RSUs will vest in eight (8) quarterly installments of 6,000 each on the quarterly anniversary thereafter.

Remarks:

General Counsel & Corporate Secretary