Christopher Stephen Phillips - Aug 31, 2022 Form 4 Insider Report for System1, Inc. (SST)

Role
Director, 10%+ Owner
Signature
/s/ Daniel Weinrot, as Attorney-in-Fact for Christopher Stephen Phillips
Stock symbol
SST
Transactions as of
Aug 31, 2022
Transactions value $
-$2,905,635
Form type
4
Date filed
9/2/2022, 07:29 PM
Previous filing
Aug 26, 2022
Next filing
Sep 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Sale -$237K -21.1K -0.1% $11.25* 20.2M Aug 31, 2022 By Just Develop It Ltd F1, F2
transaction SST Class A Common Stock Sale -$768K -67.2K -0.33% $11.42* 20.2M Sep 1, 2022 By Just Develop It Ltd F2, F3
transaction SST Class A Common Stock Sale -$1.9M -165K -0.82% $11.49* 20M Sep 2, 2022 By Just Develop It Ltd F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 $11.24 to $11.31, 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.
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.
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 $11.24 to $11.50, 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.
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 $11.48 to $11.50, 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.