Brian Coppola - 10 May 2022 Form 4 Insider Report for System1, Inc. (SST)

Role: Chief Product Officer
Signature: /s/ Daniel Weinrot, Attorney-in-Fact for Brian Coppola
Issuer symbol: SST
Transactions as of: 10 May 2022
Net transactions value: $0
Form type: 4
Filing time: 12 May 2022, 21:45:34 UTC
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	Award	$0	+75,000	+97%	$0.000000	152,086	10 May 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Mr. Coppola was granted 75,000 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. Coppola through the applicable vesting dates, (i) 3,750 of the RSUs will vest on January 28, 2023, (ii) 11,250 of the RSUs will vest in quarterly installments of 2,813 each on January 28, April 28, July 28 and October 28, 2024 and (iii) the remaining 60,000 RSUs will vest in eight (8) quarterly installments of 7,500 each on the quarterly anniversary thereafter.

Content

Mr. Coppola was granted 75,000 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. Coppola through the applicable vesting dates, (i) 3,750 of the RSUs will vest on January 28, 2023, (ii) 11,250 of the RSUs will vest in quarterly installments of 2,813 each on January 28, April 28, July 28 and October 28, 2024 and (iii) the remaining 60,000 RSUs will vest in eight (8) quarterly installments of 7,500 each on the quarterly anniversary thereafter.