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

Role: 10%+ Owner
Signature: /s/ Daniel Weinrot, Attorney--in-Fact for Stanley Blend
Stock symbol: SST
Transactions as of: Dec 15, 2023
Transactions value $: $1,249,999
Form type: 4/A
Date filed: 3/19/2024, 06:53 PM
Date Of Original Report: Dec 18, 2023
Previous filing: Dec 18, 2023
Next filing: Mar 19, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SST	Class A Common Stock	Purchase	$1.25M	+880K	+15.35%	$1.42	6.61M	Dec 15, 2023	Trust (Lone Star Friends Trust)	F1, F2, F3, F4, F5

* 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 880,281 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	The original Form 4, filed on December 18, 2023, is being amended by this Form 4 amendment solely to correct an administrative error. The original Form 4 reported that 880,000 shares of Class A common stock were purchased by the Reporting Person in a private transaction on December 15, 2023. As a result of this administrative error, the number of shares acquired by the Reporting Person as reported on the original Form 4 was under-reported by a total of 281 shares.
F3	Lone Star Friends Trust purchased 880,281 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.
F4	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.
F5	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.

Remarks:

This Amendment to the Form 4 for Mr. Blend/Lone Star Friends Trust is being filed to correct the total number of shares purchased in the previously reported transaction, as the original Form 4 filed on December 18, 2023 under-reported the shares purchased by a total of 281 shares of Class A common stock.