System1, Inc. — Director's Dealing 2022

May 12, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: System1, Inc. (SST)
CIK: 0001805833
Period of Report: 2022-05-10

Reporting Person: Coppola Brian (Chief Product Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-10	Class A Common Stock	A	75000	$0.00	Acquired	152086	Direct

Footnotes

F1: Mr. Coppola was granted 75,000 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. Coppola through the applicable vesting dates, (i) 3,750 of the RSUs will vest on January 28, 2023, (ii) 11,250 of the RSUs will vest in quarterly installments of 2,813 each on January 28, April 28, July 28 and October 28, 2024 and (iii) the remaining 60,000 RSUs will vest in eight (8) quarterly installments of 7,500 each on the quarterly anniversary thereafter.