L. Michael Blend - 12 Aug 2024 Form 4 Insider Report for System1, Inc. (SST)

Role: CEO & Chairman, Director
Signature: /s/ Daniel Weinrot, Attorney-in-Fact for Michael Blend
Issuer symbol: SST
Transactions as of: 12 Aug 2024
Net transactions value: $0
Form type: 4
Filing time: 14 Aug 2024, 20:48:19 UTC
Previous filing: 03 Jul 2024
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	$0	+1,850,215		$0.000000	1,850,215	12 Aug 2024	Direct	F1
transaction	SST	Class A Common Stock	Gift	$0	-1,850,215	-100%	$0.000000^*	0	12 Aug 2024	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Lone Star Friends Trust made a deemed distribution of 1,850,215 shares of Class A common stock to its beneficiaries (which included Mr. Michael Blend, the Issuer's co-founder and CEO, and his spouse). The beneficiaries of the Lone Star Friends Trust immediately made a gift of 925,107 and 925,108 shares of Class A common stock to each of the Dante Jacob Blend Trust and the Nola Deflina Blend Trust, respectively, (which are trusts established for the benefit of the beneficiaries children).

Content

The Lone Star Friends Trust made a deemed distribution of 1,850,215 shares of Class A common stock to its beneficiaries (which included Mr. Michael Blend, the Issuer's co-founder and CEO, and his spouse). The beneficiaries of the Lone Star Friends Trust immediately made a gift of 925,107 and 925,108 shares of Class A common stock to each of the Dante Jacob Blend Trust and the Nola Deflina Blend Trust, respectively, (which are trusts established for the benefit of the beneficiaries children).