Taryn Naidu - Aug 15, 2023 Form 4 Insider Report for System1, Inc. (SST)

Role: Director
Signature: /s/ Daniel Weinrot, Attorney-in-Fact for Taryn Naidu
Stock symbol: SST
Transactions as of: Aug 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/17/2023, 08:14 PM
Previous filing: Mar 11, 2022
Next filing: Jun 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SST	Class A Common Stock	Award	$0	+95.6K		$0.00	95.6K	Aug 15, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents a grant of 95,628 restricted stock units ("RSUs) which convert into Class A Common Stock on a one-for-one basis, pursuant to the 2022 Incentive Award Plan of the Issuer in connection with Mr. Naidu's appointment as a member of its Board of Directors. The RSUs vest as follows: 9,563 vest on September 15, 2023, and the remaining RSUs vest in three (3) substantially equal installments on each of December 15, 2023, March 15, 2024 and June 15, 2024 as long Mr. Naidu continues to serve as a Director of the Issuer through the applicable vesting dates.
F2	Includes 95,628 unvested RSUs.

Content

Represents a grant of 95,628 restricted stock units ("RSUs) which convert into Class A Common Stock on a one-for-one basis, pursuant to the 2022 Incentive Award Plan of the Issuer in connection with Mr. Naidu's appointment as a member of its Board of Directors. The RSUs vest as follows: 9,563 vest on September 15, 2023, and the remaining RSUs vest in three (3) substantially equal installments on each of December 15, 2023, March 15, 2024 and June 15, 2024 as long Mr. Naidu continues to serve as a Director of the Issuer through the applicable vesting dates.

Includes 95,628 unvested RSUs.