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: Fowler William Dexter (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-05-10	Class A Common Stock	A	25333	$0.00	Acquired	25333	Direct

Footnotes

F1: Represents a grant of restricted stock units ("RSUs) which convert into Class A Common Stock on a one-for-one basis, pursuant to the 2022 Incentive Award Plan of the Issuer. As of the grant date (May 10, 2022) 5,067 RSUs were fully vested, and the remaining aggregate 20,266 will vest in four equal installments on each of July 28, 2022, October 28, 2022, January 28, 2023 and April 28, 2023.