Cannae Holdings, Inc. - May 17, 2022 Form 4 Insider Report for System1, Inc. (SST)

Role
10%+ Owner
Signature
/s/Michael L. Gravelle Cannae Holdings, Inc. Executive Vice President, General Counsel and Corporate Secretary
Stock symbol
SST
Transactions as of
May 17, 2022
Transactions value $
-$915,069
Form type
4
Date filed
5/19/2022, 05:08 PM
Previous filing
May 3, 2022
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Sale -$552K -50K -0.19% $11.04 25.7M May 17, 2022 Directly held by Cannae Holdings, LLC, which is a wholly-owned subsidiary of Cannae Holdings, Inc. F1, F2
transaction SST Class A Common Stock Sale -$120K -10.6K -0.04% $11.32* 25.7M May 18, 2022 Directly held by Cannae Holdings, LLC, which is a wholly-owned subsidiary of Cannae Holdings, Inc. F1, F3
transaction SST Class A Common Stock Sale -$243K -22.1K -0.09% $11.01 25.7M May 19, 2022 Directly held by Cannae Holdings, LLC, which is a wholly-owned subsidiary of Cannae Holdings, Inc. F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares of Class A common stock reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price per share. The Reporting Persons undertake to provide to the Issuer, any stockholder of the Issuer or the staff of the Securities and Exchange Commission, upon request, the number of shares sold at each separate price within the range.
F2 Sales prices range from $11.00 to $11.18 per share, inclusive.
F3 Sales prices range from $11.25 to $11.43 per share, inclusive.
F4 Sales prices range from $11.00 to $11.06 per share, inclusive.