Cannae Holdings, Inc. - 29 Apr 2022 Form 4 Insider Report for System1, Inc. (SST)

Role
10%+ Owner
Signature
See Exhibit 99.1 for Signatures
Issuer symbol
SST
Transactions as of
29 Apr 2022
Net transactions value
-$5,946,738
Form type
4
Filing time
03 May 2022, 19:02:58 UTC
Previous filing
29 Apr 2022
Next filing
19 May 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 Sale $4,311,126 -335,491 -1.3% $12.85* 25,876,806 29 Apr 2022 See Note 3 F1, F2, F3
transaction SST Class A Common Stock Sale $197,366 -14,509 -0.06% $13.60* 25,862,297 29 Apr 2022 See Note 3 F1, F3, F4
transaction SST Class A Common Stock Sale $1,082,863 -84,637 -0.33% $12.79* 25,777,660 02 May 2022 See Note 3 F1, F3, F5
transaction SST Class A Common Stock Sale $355,383 -28,255 -0.11% $12.58* 25,749,405 03 May 2022 See Note 3 F1, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares of Class A common stock reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price per share. The Reporting Persons undertake to provide to the Issuer, any stockholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the number of shares sold at each separate price within the range.
F2 Sales prices range from $13.4450 to $12.50 per share, inclusive.
F3 Directly held by Cannae Holdings, LLC, which is a wholly-owned subsidiary of Cannae Holdings, Inc.
F4 Sales prices range from $13.6250 to $13.5550 per share, inclusive.
F5 Sales prices range from $12.82 to $12.75 per share, inclusive
F6 Sales prices range from $12.7650 to $12.50 per share, inclusive.

Remarks:

Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference.