Elizabeth Sestanovich - Jul 28, 2023 Form 4 Insider Report for System1, Inc. (SST)

Role
Chief People Officer
Signature
/s/ Daniel Weinrot, Attorney-in-Fact for Elizabeth Sestanovich
Stock symbol
SST
Transactions as of
Jul 28, 2023
Transactions value $
-$6,772
Form type
4
Date filed
8/1/2023, 08:58 PM
Previous filing
Jul 18, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Tax liability -$6.77K -2.34K -1.7% $2.90 135K Jul 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 6,750 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 2,335 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs.
F2 Includes 50,132 unvested RSUs.
F3 Includes 871 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.