Elizabeth Sestanovich - Jul 18, 2024 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 18, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/22/2024, 08:32 PM
Previous filing: Jul 17, 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	+80K	+54.77%	$0.00	226K	Jul 18, 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 80,000 restricted stock units ("RSUs") in connection with her 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 108,461 unvested RSUs.

Content

The Reporting Person was granted 80,000 restricted stock units ("RSUs") in connection with her 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 108,461 unvested RSUs.