Tridivesh Kidambi - 28 Apr 2023 Form 4 Insider Report for System1, Inc. (SST)

Role
Chief Financial Officer
Signature
/s/ Daniel Weinrot, Attorney-in-Fact for Tridivesh Kidambi
Issuer symbol
SST
Transactions as of
28 Apr 2023
Net transactions value
-$11,702
Form type
4
Filing time
02 May 2023, 16:22:31 UTC
Previous filing
31 Jan 2023
Next filing
01 Aug 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 Tax liability $11,702 -3,862 -0.59% $3.03 655,215 28 Apr 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the vesting of 11,250 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 3,862 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs.
F2 Includes 8,360 shares received in connection with pro-rata distributions from OpenMail2, LLC to its members, for no consideration and in an exempt transaction under Rule 16a-9, since the Reporting Person's last reportable transaction filed on Form 4.
F3 Includes 83,750 unvested RSUs.