Brian Coppola - 15 Aug 2022 Form 4 Insider Report for System1, Inc. (SST)

Signature
/s/ Daniel Weinrot, Attorney-in-Fact for Brian Coppola
Issuer symbol
SST
Transactions as of
15 Aug 2022
Net transactions value
-$75,438
Form type
4
Filing time
16 Aug 2022, 19:58:38 UTC
Previous filing
22 Jun 2022
Next filing
17 Oct 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Tax liability $75,438 -8,410 -3.8% $8.97 211,408 15 Aug 2022 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 24,314 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 8,410 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs.
F2 Includes shares received in connection with pro-rata distributions from OpenMail2, LLC to its member, for no consideration and in an exempt transaction under Rule 16a-9. The Form 4s filed on May 12, 2022 and June 22, 2022 by the reporting person did not previously include in Column 5 an aggregate of 3,483 and 1,915 shares, respectively, then held by the reporting person from prior exempt pro-rata distributions from OpenMail2, LLC under Rule 16a-9.
F3 Includes 111,104 unvested RSUs.