System1, Inc. — Director's Dealing 2022

Jun 22, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: System1, Inc. (SST)
CIK: 0001805833
Period of Report: 2022-06-17

Reporting Person: Robinson Jennifer Lynn (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-17	Class A Common Stock	A	117888	—	Acquired	196962	Direct

Footnotes

F1: Ms. Robinson was granted 117,888 restricted stock units ("RSUs") in connection with the replacement of previously unvested Value Creation Units of the Issuer's predecessor entity (the "Original VCUs") outstanding as of the closing of the Issuer's business combination transaction (the "Replacement RSUs"), of which 29,472 of the Replacement RSUs were deemed vested as of the grant date. Each Replacement RSU represents the right to receive one (1) share of SST Class A Common Stock upon vesting. Subject to the continued employment of Ms. Robinson through the applicable vesting dates, the Replacement RSUs vest in quarterly installments over the course of the Original VCU remaining vesting schedule(s).

F2: Includes 163,416 unvested RSUs.