Cannae Holdings, Inc. - May 20, 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 20, 2022
Transactions value $
-$2,282,387
Form type
4
Date filed
5/23/2022, 05:25 PM
Previous filing
May 19, 2022
Next filing
Jul 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Sale -$2.11M -200K -0.78% $10.55 25.5M May 20, 2022 Directly held by Cannae Holdings, LLC F1, F2, F3
transaction SST Class A Common Stock Sale -$172K -16.2K -0.06% $10.64 25.5M May 23, 2022 Directly held by Cannae Holdings, LLC F1, F3, 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 $10.55 to $10.67 per share, inclusive.
F3 Cannae Holdings, LLC is a wholly-owned subsidiary of Cannae Holdings, Inc.
F4 Sales prices range from $10.55 to $10.76 per share, inclusive.