Daniel J. Weinrot - 18 Jul 2024 Form 4 Insider Report for System1, Inc. (SST)

Role: General Counsel & Secretary
Signature: /s/ Daniel J Weinrot
Issuer symbol: SST
Transactions as of: 18 Jul 2024
Transactions value $: $0
Form type: 4
Filing time: 22 Jul 2024, 20:31:12 UTC
Previous filing: 17 Jul 2024
Next filing: 31 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	Award	$0	+80K	+59.94%	$0.00	213K	18 Jul 2024	Direct	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 was granted 80,000 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 the Reporting Person through the applicable vesting date, one-third of the RSUs will vest on January 15, 2025, and the remaining two-thirds will vest in 8 substantially equal quarterly installments on each quarterly anniversary thereafter.
F2	Includes 109,934 unvested RSUs.

Content

The Reporting Person was granted 80,000 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 the Reporting Person through the applicable vesting date, one-third of the RSUs will vest on January 15, 2025, and the remaining two-thirds will vest in 8 substantially equal quarterly installments on each quarterly anniversary thereafter.

Includes 109,934 unvested RSUs.