Key facts
- This page summarizes Just Develop It Ltd's Form 4 filing for System1, Inc. (SST).
- 1 reported transaction and 0 derivative rows are listed below.
- Accepted by SEC: 07 Mar 2022, 19:30.
Just Develop It Ltd - 28 Jan 2022 Form 4 Insider Report for System1, Inc. (SST)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- SST
- Reported as of
- 28 Jan 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Mar 2022, 19:30:59 UTC
- Prior SEC filing
- 07 Mar 2022
- Source filing
- View source filing
- Reporting owner signature
- By: /s/ Daniel Weinrot, Attorney-in-Fact for Just Develop It Limited
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Just Develop It Ltd filed Form 4 for System1, Inc. (SST) on 07 Mar 2022.
Change
- Previous filing in this sequence was filed on 07 Mar 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SST
transaction
Class A Common Stock
Award
- Transaction value
- Shares
- +725,000
- Change %
- Price
- Shares after
- 725,000
- Date
- 28 Jan 2022
- Ownership
- Direct
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Received in connection with the business combination (the "Business Combination") among System1, Inc. (f/k/a Trebia Acquisition Corp., the "Company"), S1 Holdco, LLC ("S1 Holdco"), Orchid Merger Sub I, Inc. ("Merger Sub I"), Orchid Merger Sub II, LLC ("Merger Sub II" and, together with Merger Sub I, the "Merger Subs"), System1 SS Protect Holdings, Inc. ("Protected") and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022).
Footnote F2
The shares are represented by restricted stock units ("RSUs") granted to the reporting person in connection with the Business Combination and which vest upon the occurrence of: (a) the first trading day on which the volume weighted average price of the Company's Class A common stock equals or exceeds $12.50 per share for any 20 trading days within a period of 30 consecutive trading days or (b) a Change of Control (as defined in the Business Combination Agreement), in which the valuation of the Company's Class A common stock is equal to or in excess of $12.50 per share, for the five-year period following the closing of the Business Combination.
Footnote F3
JDIL's controlling stockholder is Christopher Phillips, a director of the Company and Mr. Phillips is a director of JDIL. Mr. Phillips has voting and dispositive power over the securities held by JDIL and may be deemd to beneficially own the shares held by JDIL, but disclaims such beneficial ownership except to any pecuniary interest therein. Mr. Phillips has filed separate Section 16 forms regarding his deemed beneficial ownership of these shares