John Civantos - 11 Jun 2024 Form 4 Insider Report for System1, Inc. (SST)

Role: Director
Signature: /s/ Daniel Weinrot, Attorney-in-Fact for John Civantos
Issuer symbol: SST
Transactions as of: 11 Jun 2024
Net transactions value: $0
Form type: 4
Filing time: 13 Jun 2024, 20:00:42 UTC
Previous filing: 02 Aug 2023
Next filing: 13 Jun 2025
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	+126,667	+71%	$0.000000	306,134	11 Jun 2024	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 126,667 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. Civantos' continued service as a member of its Board of Directors as of the close of business on the date of its annual shareholder meeting. The RSUs vest in four (4) substantially equal quarterly installments on each of September 15, 2024, December 15, 2024, March 15, 2025 and June 15, 2025 as long Mr. Civantos continues to serve as a Director of the Issuer through the applicable vesting dates.
F2	Includes 143,276 unvested RSUs.

Content

Represents a grant of 126,667 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. Civantos' continued service as a member of its Board of Directors as of the close of business on the date of its annual shareholder meeting. The RSUs vest in four (4) substantially equal quarterly installments on each of September 15, 2024, December 15, 2024, March 15, 2025 and June 15, 2025 as long Mr. Civantos continues to serve as a Director of the Issuer through the applicable vesting dates.

Includes 143,276 unvested RSUs.