Stanley Blend - 15 Dec 2023 Form 4 Insider Report for System1, Inc. (SST)

Role
10%+ Owner
Signature
/s/ Daniel Weinrot, Attorney--in-Fact for Stanley Blend
Issuer symbol
SST
Transactions as of
15 Dec 2023
Net transactions value
+$1,249,600
Form type
4
Filing time
18 Dec 2023, 19:32:38 UTC
Previous filing
18 Dec 2023
Next filing
19 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Purchase $1,249,600 +880,000 +15% $1.42 6,612,956 15 Dec 2023 Trust (Lone Star Friends Trust) F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Lone Star Friends Trust purchased 880,000 shares in a privately negotiated arm's length transaction from another existing holder of the Issuer's Class A common stock in a transaction that was not conducted through the exchange on which the Issuer's securities are listed.
F2 Lone Star Friends Trust purchased 880,000 shares in a privately negotiated arm's length transaction from another existing holder of the Issuer's Class A common stock. The aggregate purchase price for the acquired shares was $1,250,000.
F3 Includes 1,533 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.
F4 Reflects securities held by the Lone Star Friends Trust ("Lone Star"). Mr. Blend is the Trustee of Lone Star, with sole voting and dispositive power over the assets of Lone Star.