R. Ryan Caswell - Jun 11, 2024 Form 4 Insider Report for System1, Inc. (SST)

Role
Director
Signature
/s/ Daniel Weinrot, Attorney-in-Fact for Ryan Caswell
Stock symbol
SST
Transactions as of
Jun 11, 2024
Transactions value $
$0
Form type
4
Date filed
6/13/2024, 08:03 PM
Previous filing
Apr 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Award $0 +120K +103.65% $0.00 236K Jun 11, 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 120,000 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. Caswell's 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. Caswell continues to serve as a Director of the Issuer through the applicable vesting dates.
F2 Includes 135,981 unvested RSUs.