System1, Inc. — Director's Dealing 2024

Aug 14, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: System1, Inc. (SST)
CIK: 0001805833
Period of Report: 2024-08-12

Reporting Person: Blend Stanley (10% Owner)
Reporting Person: Lone Star Friends Trust (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-08-12	Class A Common Stock	J	1850215	—	Disposed	0	Indirect
2024-08-12	Class A Common Stock	J	925108	—	Acquired	1517622	Indirect
2024-08-12	Class A Common Stock	J	925107	—	Acquired	1517621	Indirect

Footnotes

F1: The Lone Star Friends Trust made a deemed distribution of 1,850,215 shares of Class A common stock to its beneficiaries (which included Mr. Michael Blend, the Issuer's co-founder and CEO, and his spouse). The beneficiaries of the Lone Star Friends Trust immediately made a gift of 925,107 and 925,108 shares of Class A common stock to each of the Dante Jacob Blend Trust and the Nola Deflina Blend Trust, respectively, (which are trusts established for the benefit of the beneficiaries children). The Reporting Person is the Trustee of each of the Lone Star Friends Trust, the Dante Jacob Blend Trust and the Nola Delfina Blend Trust.

F2: Reflects securities held by the Lone Star Friends Trust ("Lone Star"). Mr. Blend is the Trustee of Lone Star, with sole voting and dispositive power over the assets of Lone Star.

F3: Reflects securities held by the Nola Delfina Blend Trust (the "Nola Trust"). Mr. Blend is the Trustee of the Nola Trust, with sole voting and dispositive power over the assets of Nola Trust.

F4: Reflects securities held by the Dante Jacob Blend Trust (the "Dante Trust"). Mr. Blend is the Trustee of the Dante Trust, with sole voting and dispositive power over the assets of Dante Trust.