Daniel J. Weinrot - Aug 15, 2022 Form 4 Insider Report for System1, Inc. (SST)

Role
General Counsel
Signature
/s/ Daniel J Weinrot
Stock symbol
SST
Transactions as of
Aug 15, 2022
Transactions value $
-$38,858
Form type
4
Date filed
8/16/2022, 07:47 PM
Previous filing
Jun 22, 2022
Next filing
Oct 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Tax liability -$38.9K -4.33K -3.23% $8.97 130K Aug 15, 2022 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the vesting of 12,526 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 4,332 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs.
F2 Includes shares received in connection with pro-rata distributions from OpenMail2, LLC to its member, for no consideration and in an exempt transaction under Rule 16a-9. The Form 4s filed on May 12, 2022 and June 22, 2022 by the reporting person did not previously include in Column 5 an aggregate of 1,533 and 906 shares, respectively, then held by the reporting person from prior exempt pro-rata distributions from OpenMail2, LLC under Rule 16a-9.
F3 Includes 79,894 unvested RSUs.