System1, Inc. — Director's Dealing 2022

Mar 7, 2022

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: System1, Inc. (SST)
CIK: 0001805833
Period of Report: 2022-02-25

Reporting Person: Civantos John (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	61209	Direct
Class A Common Stock	75612	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants (right to buy)	$		Class A Common Stock (100000)		Direct

Footnotes

F1: Reflects securities held by John Civantos 2011 Family Trust. Mr. Civantos disclaims beneficial interest in such securities except to any pecuniary interest therein.

F2: Each warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at an exercise price of $11.50 per share. The warrants become exercisable 30 days after the completion of the Business Combination involving the Issuer that occurred on November 11, 2021. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading "Description of System1 Securities-System1 Warrants" in the Company's registration statement on Form S-4 (File No. 333-260714) concerning the Business Combination of the Issuer.