Charles Ursini - Apr 10, 2024 Form 3 Insider Report for System1, Inc. (SST)

Role
Director
Signature
/s/ Daniel Weinrot, Attorney-in-Fact for Charles Ursini
Stock symbol
SST
Transactions as of
Apr 10, 2024
Transactions value $
$0
Form type
3
Date filed
4/19/2024, 08:56 PM
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SST Class A Common Stock 300K Apr 10, 2024 Direct
holding SST Class A Common Stock 108K Apr 10, 2024 Limited Liability Company F1
holding SST Class C Common Stock 295K Apr 10, 2024 Limited Liability Company F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SST Class B Units Apr 10, 2024 Class A Common Stock 295K Limited Liability Company F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are owned by FGL Labs, LLC, of which the Reporting Person is the sole member and manager.
F2 The Class B Units are redeemable on a one-for-one basis for shares of Class A common stock, or, at the election of the Company, cash equal to a volume weighted average market price of a share of Class A common stock. The Class B Units have no expiration date. Upon any redemption of Class B Units, one share of Class C common stock is automatically forfeited and cancelled for each Class B Unit so redeemed.
F3 Class B Units are owned by FGL Labs, LLC, of which the reporting person is the sole member and manager.