Stanley Blend - Aug 12, 2024 Form 4 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
Aug 12, 2024
Transactions value $
$0
Form type
4
Date filed
8/14/2024, 08:47 PM
Previous 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 Other $0 -1.85M -100% $0.00* 0 Aug 12, 2024 Trust (Lone Star Friends Trust) F1, F2
transaction SST Class A Common Stock Other $0 +925K +156.13% $0.00 1.52M Aug 12, 2024 Trust (The Nola Delfina Blend Trust) F1, F3
transaction SST Class A Common Stock Other $0 +925K +156.13% $0.00 1.52M Aug 12, 2024 Trust (The Dante Jacob Blend Trust) F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Lone Star Friends Trust made a deemed distribution of 1,850,215 shares of Class A common stock to its beneficiaries (which included Mr. Michael Blend, the Issuer's co-founder and CEO, and his spouse). The beneficiaries of the Lone Star Friends Trust immediately made a gift of 925,107 and 925,108 shares of Class A common stock to each of the Dante Jacob Blend Trust and the Nola Deflina Blend Trust, respectively, (which are trusts established for the benefit of the beneficiaries children). The Reporting Person is the Trustee of each of the Lone Star Friends Trust, the Dante Jacob Blend Trust and the Nola Delfina Blend Trust.
F2 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.
F3 Reflects securities held by the Nola Delfina Blend Trust (the "Nola Trust"). Mr. Blend is the Trustee of the Nola Trust, with sole voting and dispositive power over the assets of Nola Trust.
F4 Reflects securities held by the Dante Jacob Blend Trust (the "Dante Trust"). Mr. Blend is the Trustee of the Dante Trust, with sole voting and dispositive power over the assets of Dante Trust.