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

Role
Director, 10%+ Owner
Signature
/s/ Daniel Weinrot, as Attorney-in-Fact for Christopher Stephen Phillips
Issuer symbol
SST
Transactions as of
31 Jul 2023
Net transactions value
+$457,600
Form type
4
Filing time
03 Aug 2023, 21:07:00 UTC
Previous filing
09 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SST Class A Common Stock Award $457,600 +160,000 $2.86 160,000 31 Jul 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 Includes 160,000 unvested RSUs.