R. Ryan Caswell - Apr 17, 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: Apr 17, 2024
Transactions value $: $0
Form type: 4
Date filed: 4/19/2024, 08:58 PM
Previous filing: Apr 19, 2024
Next filing: Jun 13, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SST	Class A Common Stock	Award	$0	+16K	+16.01%	$0.00	116K	Apr 17, 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 15,981 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 service as a member of its Board of Directors through the Issuer's annual shareholding meeting to be held in 2024. The RSUs vest in full on June 19, 2024 as long Mr. Caswell continues to serve as a Director of the Issuer through the applicable vesting dates.
F2	Includes 15,981 unvested RSUs.

Content

Represents a grant of 15,981 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 service as a member of its Board of Directors through the Issuer's annual shareholding meeting to be held in 2024. The RSUs vest in full on June 19, 2024 as long Mr. Caswell continues to serve as a Director of the Issuer through the applicable vesting dates.

Includes 15,981 unvested RSUs.