Brian Coppola - 18 Jul 2024 Form 4 Insider Report for System1, Inc. (SST)

Role: Chief Product Officer
Signature: /s/ Daniel Weinrot, Attorney-in-Fact for Brian Coppola
Issuer symbol: SST
Transactions as of: 18 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 22 Jul 2024, 20:31:53 UTC
Previous filing: 17 Jul 2024
Next filing: 31 Jul 2024
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	Award	$0	+90,000	+41%	$0.000000	307,636	18 Jul 2024	Direct	F1, F2

* 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 90,000 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	Includes 129,445 unvested RSUs.

Content

The Reporting Person was granted 90,000 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.

Includes 129,445 unvested RSUs.