L. Michael Blend - 12 Aug 2024 Form 4 Insider Report for System1, Inc. (SST)

Reporting relationship: CEO & Chairman, Director
Issuer ticker: SST
Reported as of: 12 Aug 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 14 Aug 2024, 20:48:19 UTC
Prior SEC filing: 03 Jul 2024
Source filing: View source filing
Reporting owner signature: /s/ Daniel Weinrot, Attorney-in-Fact for Michael Blend

Key filing fact

L. Michael Blend filed Form 4 for System1, Inc. (SST) on 14 Aug 2024.

Key facts

This page summarizes L. Michael Blend's Form 4 filing for System1, Inc. (SST).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 14 Aug 2024, 20:48.

Change

Previous filing in this sequence was filed on 03 Jul 2024.
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

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

Other

Transaction value: $0
Shares: +1,850,215
Change %
Price: $0.000000
Shares after: 1,850,215
Date: 12 Aug 2024
Ownership: Direct
Footnotes: F1

SST transaction

Class A Common Stock

Gift

Transaction value: $0
Shares: -1,850,215
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 12 Aug 2024
Ownership: Direct
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote 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).