System1, Inc. — Director's Dealing 2023

Aug 17, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: System1, Inc. (SST)
CIK: 0001805833
Period of Report: 2023-08-15

Reporting Person: Kumar Tanmay (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-08-15	Class A Common Stock	A	81967	—	Acquired	81967	Direct

Footnotes

F1: Represents a grant of 81,967 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 in connection with Mr. Kumar's appoitnment as a member of its Board of Directors. The RSUs vest as follows: 8,197 vest on September 15, 2023, and the remaining RSUs vest in three (3) substantially equal installments on each of December 15, 2023, March 15, 2024 and June 15, 2024 as long Mr. Naidu continues to serve as a Director of the Issuer through the applicable vesting dates.

F2: Includes 81,967 unvested RSUs.