Form 4 for SST System1, Inc.
Accepted 2022-05-12 00:00:00 ET · period of report 2022-05-10 · accession 0000899243-22-017934 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-05-12 | 2022-05-10 | SST | Weinrot Daniel J | See Remarks | A - Grant | $0.00 | +60.0K | 98.5K | +156% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2022-05-10 | A | A | 60,000 | $0.00 | 98,464 | D | — | — | (F1) Mr. Weinrot was granted 60,000 restricted stock units ("RSUs") in connection with his continued employment with System1, Inc. ("SST"). Each RSU represents the right to receive one share of SST Class A Common Stock upon vesting. Subject to the continued employment of Mr. Weinrot through the applicable vesting dates, (i) 3,000 of the RSUs will vest on January 28, 2023, (ii) 9,000 of the RSUs will vest in quarterly installments of 2,250 each on January 28, April 28, July 28 and October 28, 2024 and (iii) the remaining 48,000 RSUs will vest in eight (8) quarterly installments of 6,000 each on the quarterly anniversary thereafter. |