Cannae Holdings, Inc. - 13 Mar 2023 Form 4 Insider Report for System1, Inc. (SST)

Role: 10%+ Owner
Signature: /s/Michael L. Gravelle Cannae Holdings, Inc. Executive Vice President, General Counsel and Corporate Secretary
Issuer symbol: SST
Transactions as of: 13 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Mar 2023, 17:40:01 UTC
Previous filing: 18 Aug 2022
Next filing: 07 Sep 2023
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	Other		+1,722,235	+6.8%		27,122,794	13 Mar 2023	Directly held by Cannae Holdings, LLC	F1, F2

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

Explanation of Responses:

Id	Content
F1	The Reporting Person received a distribution of shares of Class A common stock from Trasimine Trebia, LP on a pro rata basis for no additional consideration.
F2	Cannae Holdings, LLC is a wholly-owned subsidiary of Cannae Holdings, Inc.