Lone Star Friends Trust - Jun 17, 2024 Form 4 Insider Report for System1, Inc. (SST)

Role
10%+ Owner
Signature
/s/ Daniel Weinrot, Attoney-in-Fact for Lone Star Friends Trust
Stock symbol
SST
Transactions as of
Jun 17, 2024
Transactions value $
-$7,162,500
Form type
4
Date filed
6/21/2024, 08:59 PM
Previous filing
Dec 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Sale -$7.16M -4.78M -83.31% $1.50 956K Jun 17, 2024 Trust (Lone Star Friends Trust) F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Lone Star Friends Trust, a trust established for the benefit of Mr. Michael Blend, the Company's Co-Founder, CEO and Chairman of the Board, sold 4,775,000 shares to CEE Holdings Trust, a trust established for the benefit of Mr. Charles Ursini, the Company's Co-Founder, President & Chief Operating Officer, and a member of the Board of Directors, in a privately negotiated arm's length transaction that was not conducted through the exchange on which the Issuer's publicly traded securities are listed.
F2 In connection with the sale reported on this Form 4, the Reporting Person disgorged $930.00 to the Company with respect to 11,613 shares purchased by the Reporting Person in March 2024 pursuant to a 10b5-1 trading plan previously entered into by the Reporting Person.
F3 Mr. Stanley Blend is the Trustee of Lone Star Friends Trust.