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

Role
Chief Financial Officer
Signature
/s/ Daniel Weinrot, Attorney-in-Fact for Tridivesh Kidambi
Stock symbol
SST
Transactions as of
Apr 28, 2023
Transactions value $
-$11,702
Form type
4
Date filed
5/2/2023, 04:22 PM
Previous filing
Jan 31, 2023
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Tax liability -$11.7K -3.86K -0.59% $3.03 655K Apr 28, 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.