Christopher Stephen Phillips - 31 Jul 2023 Form 4 Insider Report for System1, Inc. (SST)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: SST
Reported as of: 31 Jul 2023
Net transaction value: +$457,600
SEC form: 4
Accepted by SEC: 03 Aug 2023, 21:07:00 UTC
Prior SEC filing: 09 Sep 2022
Source filing: View source filing
Reporting owner signature: /s/ Daniel Weinrot, as Attorney-in-Fact for Christopher Stephen Phillips

Key filing fact

Christopher Stephen Phillips filed Form 4 for System1, Inc. (SST) on 03 Aug 2023.

Key facts

This page summarizes Christopher Stephen Phillips's Form 4 filing for System1, Inc. (SST).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 03 Aug 2023, 21:07.

Change

Previous filing in this sequence was filed on 09 Sep 2022.
Current net transaction value: +$457,600.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SST transaction

Class A Common Stock

Award

Transaction value: $457,600
Shares: +160,000
Change %
Price: $2.86
Shares after: 160,000
Date: 31 Jul 2023
Ownership: Direct
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Mr. Phillips was granted 160,000 restricted stock units ("RSUs") in connection with his continued employment with System1, Inc. ("SST"). Each RSU represents the right to receive one share of SST Class A Common Stock upon vesting. Subject to the continued employment of Mr. Phillips through the applicable vesting date, all 160,000 of the RSUs will vest in full on January 27, 2024.

Footnote F2

Includes 160,000 unvested RSUs.