Key facts
- This page summarizes Tridivesh Kidambi's Form 4 filing for System1, Inc. (SST).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 30 Jul 2025, 19:41.
Tridivesh Kidambi - 28 Jul 2025 Form 4 Insider Report for System1, Inc. (SST)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- SST
- Reported as of
- 28 Jul 2025
- Net transaction value
- -$1,682
- SEC form
- 4
- Accepted by SEC
- 30 Jul 2025, 19:41:34 UTC
- Prior SEC filing
- 17 Jul 2025
- Next SEC filing
- 17 Oct 2025
- Source filing
- View source filing
- Reporting owner signature
- /s/ Daniel Weinrot, Attorney-in-Fact for Tridivesh Kidambi
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Tridivesh Kidambi filed Form 4 for System1, Inc. (SST) on 30 Jul 2025.
Change
- Previous filing in this sequence was filed on 17 Jul 2025.
- Current net transaction value: -$1,682.
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.
Reporting Owners (1)
CIK 0001906862
Primary reporting owner
Kidambi Tridivesh
- Relationship
- Chief Financial Officer
- Address
- 4235 REDWOOD AVE, LOS ANGELES
- Signature
- /s/ Daniel Weinrot, Attorney-in-Fact for Tridivesh Kidambi
- Signature date
- 30 Jul 2025
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
SST
transaction
Class A Common Stock
Tax liability
- Transaction value
- $1,682
- Shares
- -224
- Change %
- -0.31%
- Price
- $7.51
- Shares after
- 71,124
- Date
- 28 Jul 2025
- Ownership
- Direct
- Footnotes
- F1, F2
SST
transaction
Class A Common Stock
Award
- Transaction value
- $0
- Shares
- +50,000
- Change %
- +70%
- Price
- $0.000000
- Shares after
- 121,124
- Date
- 29 Jul 2025
- Ownership
- Direct
- Footnotes
- F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
SST
transaction
Derivative
Stock Appreciation Rights
Award
- Transaction value
- $0
- Shares
- +20,000
- Change %
- +38%
- Price
- $0.000000
- Shares after
- 72,000
- Date
- 29 Jul 2025
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 20,000
- Exercise price
- $7.09
- Footnotes
- F5, F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 footnotes
Footnote F1
Upon the vesting of 625 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 224 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs.
Footnote F2
Includes 6,276 unvested RSUs.
Footnote F3
The Reporting Person was granted 50,000 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. Kidambi through the applicable vesting date, one-third of the RSUs will vest on July 15, 2026, and the remaining two-thirds will vest in 8 substantially equal quarterly installments on each quarterly anniversary thereafter.
Footnote F4
Includes 56,276 unvested RSUs.
Footnote F5
These stock appreciation rights (the "SARs") were granted to the Reporting Person pursuant to the System1, Inc. 2024 Stock Appreciation Rights Plan, as amended (the "Plan") and a corresponding Stock Appreciation Rights Grant Notice and Award Agreement between System1, Inc. (the "Issuer") and the Reporting Person. The SARs reported on this Form 4 represent the right to receive (at the Issuer's discretion), upon exercise of the SARs by the Reporting Person, a payment in either (x) Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") or (y) cash, in the amount equal to the number of shares of Class A Common Stock underlying the number of SARs being exercised multiplied by the excess of the fair market value of one share of Class A Common Stock on (i) the date the SARs are exercised, and (ii) $7.09, the Issuer's closing price on July 29, 2025 (the date the SARs were granted, the "Grant Date").
Footnote F6
These Stock Appreciation Rights (the "SARs") were granted to the Reporting Person on July 29, 2025 under the System1, Inc. 2024 Stock Appreciation Rights Plan, as amended (the "Plan") and vest (i) 25% (or 5,000 SARs) upon the Issuer first achieving trailing twelve month Adjusted EBITDA ("TTM Adjusted EBITDA") of $50.0 million after the date of grant, (ii) 25% (or 5,000 SARs) upon the Issuer first achieving TTM Adjusted EBITDA of $55.0 million after the date of grant, (iii) 25% (or 5,000 SARs) upon the Issuer first achieving TTM Adjusted EBITDA of $60.0 million after the date of grant and (iv) 25% (or 5,000 SARs) upon the Issuer first achieving TTM Adjusted EBITDA of $65.0 million after the date of grant, in each case, subject to the terms of the Plan and an award agreement entered into between the Reporting Person and the Issuer pursuant to the Plan.
Footnote F7
Represents the total number of SARs held by the Reporting Person after the Issuer's completion of a 1-for-10 reverse stock split that occurred on June 11, 2025.