System1, Inc. — Director's Dealing 2024

Apr 19, 2024

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: System1, Inc. (SST)
CIK: 0001805833
Period of Report: 2024-04-10

Reporting Person: Ursini Charles (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	300000	Direct
Class A Common Stock	107974	Indirect
Class C Common Stock	294766	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class B Units	$		Class A Common Stock (294766)		Indirect

Footnotes

F1: Shares are owned by FGL Labs, LLC, of which the Reporting Person is the sole member and manager.

F2: The Class B Units are redeemable on a one-for-one basis for shares of Class A common stock, or, at the election of the Company, cash equal to a volume weighted average market price of a share of Class A common stock. The Class B Units have no expiration date. Upon any redemption of Class B Units, one share of Class C common stock is automatically forfeited and cancelled for each Class B Unit so redeemed.

F3: Class B Units are owned by FGL Labs, LLC, of which the reporting person is the sole member and manager.