Christopher Stephen Phillips - 24 Aug 2022 Form 4 Insider Report for System1, Inc. (SST)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
26 Aug 2022, 20:29:22 UTC
Prior SEC filing
23 Aug 2022
Next SEC filing
02 Sep 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Daniel Weinrot, as Attorney-in-Fact for Christopher Stephen Phillips

Key filing fact

Christopher Stephen Phillips filed Form 4 for System1, Inc. (SST) on 26 Aug 2022.

Key facts

  • This page summarizes Christopher Stephen Phillips's Form 4 filing for System1, Inc. (SST).
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 26 Aug 2022, 20:29.

Change

  • Previous filing in this sequence was filed on 23 Aug 2022.
  • Current net transaction value: -$1,903,077.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SST transaction

Class A Common Stock

Sale

Transaction value
$582,349
Shares
-52,749
Change %
-0.26%
Price
$11.04
Shares after
20,375,479
Date
24 Aug 2022
Ownership
By Just Develop It Ltd
Footnotes
F1, F2
SST transaction

Class A Common Stock

Sale

Transaction value
$424,634
Shares
-38,533
Change %
-0.19%
Price
$11.02
Shares after
20,336,946
Date
25 Aug 2022
Ownership
By Just Develop It Ltd
Footnotes
F2, F3
SST transaction

Class A Common Stock

Sale

Transaction value
$896,094
Shares
-80,584
Change %
-0.4%
Price
$11.12
Shares after
20,256,362
Date
26 Aug 2022
Ownership
By Just Develop It Ltd
Footnotes
F2, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.00 to $11.13, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F2

Christopher Phillips, a director of the Company, is a director of Just Develop It Limited ("JDI"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein.

Footnote F3

The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.00 to $11.10, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

Footnote F4

The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.00 to $11.30, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.

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