Cannae Holdings, Inc. - 16 Aug 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
Issuer symbol
SST
Transactions as of
16 Aug 2022
Net transactions value
-$509,900
Form type
4
Filing time
18 Aug 2022, 16:15:27 UTC
Previous filing
15 Jul 2022
Next filing
14 Mar 2023
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 Sale $509,900 -50,000 -0.2% $10.20 25,400,559 16 Aug 2022 Directly held by Cannae Holdings, LLC F1, F2, F3
* 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 $10.00 to $10.575 per share, inclusive.
F3 Cannae Holdings, LLC is a wholly-owned subsidiary of Cannae Holdings, Inc.