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: Robinson Jennifer Lynn (Chief Technology 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	79074	Direct

Footnotes

F1: Ms. Robinson was granted 75,000 restricted stock units ("RSUs") in connection with her continued employment with System1, Inc. ("SST"). Each RSU represents the right to receive one share of SST common stock upon vesting. Subject to Ms. Robinson's continued employment though the applicable vesting dates, (i) 25,000 of the RSUs will vest on January 28, 2023 and (ii) the remaining 50,000 of the RSUs will vest in eight (8) quarterly installments of 6,250 each on the quarterly anniversary thereafter.