System1, Inc. — Director's Dealing 2022

Aug 16, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: System1, Inc. (SST)
CIK: 0001805833
Period of Report: 2022-08-15

Reporting Person: Coppola Brian (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-08-15	Class A Common Stock	F	8410	$8.97	Disposed	211408	Direct

Footnotes

F1: Upon the vesting of 24,314 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 8,410 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs.

F2: Includes shares received in connection with pro-rata distributions from OpenMail2, LLC to its member, for no consideration and in an exempt transaction under Rule 16a-9. The Form 4s filed on May 12, 2022 and June 22, 2022 by the reporting person did not previously include in Column 5 an aggregate of 3,483 and 1,915 shares, respectively, then held by the reporting person from prior exempt pro-rata distributions from OpenMail2, LLC under Rule 16a-9.

F3: Includes 111,104 unvested RSUs.