Tridivesh Kidambi - Jul 18, 2024 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
Jul 18, 2024
Transactions value $
$0
Form type
4
Date filed
7/22/2024, 08:33 PM
Previous filing
Jul 3, 2024
Next filing
Jul 31, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Award $0 +100K +15.57% $0.00 742K Jul 18, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted 100,000 restricted stock units ("RSUs") in connection with his continued employment with System1, Inc. ("SST"). Each RSU represents the right to receive one share of SST Class A Common Stock upon vesting. Subject to the continued employment of the Reporting Person through the applicable vesting date, one-third of the RSUs will vest on January 15, 2025, and the remaining two-thirds will vest in 8 substantially equal quarterly installments on each quarterly anniversary thereafter.
F2 The amount of securities beneficially owned following the reported transaction has been updated to correct a previous overstatement of such beneficially owned shares by 34,604 shares of Class A Common Stock, and the amount of beneficially owned shares following the reported transaction has been reduced accordingly.
F3 Includes 143,750 unvested RSUs.