System1, Inc. — Director's Dealing 2024

Jun 13, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: System1, Inc. (SST)
CIK: 0001805833
Period of Report: 2024-06-11

Reporting Person: Caswell Ryan R. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-06-11	Class A Common Stock	A	120000	—	Acquired	235778	Direct

Footnotes

F1: Represents a grant of 120,000 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. Caswell's continued service as a member of its Board of Directors as of the close of business on the date of its annual shareholder meeting. The RSUs vest in four (4) substantially equal quarterly installments on each of September 15, 2024, December 15, 2024, March 15, 2025 and June 15, 2025 as long Mr. Caswell continues to serve as a Director of the Issuer through the applicable vesting dates.

F2: Includes 135,981 unvested RSUs.