Tridivesh Kidambi - 31 Jul 2023 Form 4 Insider Report for System1, Inc. (SST)

Role
Chief Financial Officer
Signature
/s/ Daniel Weinrot, Attorney-in-Fact for Tridivesh Kidambi
Issuer symbol
SST
Transactions as of
31 Jul 2023
Net transactions value
$0
Form type
4
Filing time
02 Aug 2023, 18:25:21 UTC
Previous filing
01 Aug 2023
Next filing
31 Oct 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 Award $0 +50,000 +7.6% $0.000000 705,504 31 Jul 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Kidambi was granted 50,000 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 Mr. Kidambi through the applicable vesting date, all 50,000 of the RSUs will vest in full on January 27, 2024.
F2 Includes 122,500 unvested RSUs.