Form 4 for SST System1, Inc.
Accepted 2022-09-09 00:00:00 ET · period of report 2022-09-07 · accession 0001908124-22-000013 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| I | 2022-09-09 | 2022-09-09 | SST | Phillips Christopher Stephen | Dir, 10% | G - Gift | $0.00 | -10.0K | 19.97M | -0.1% | $0 |
| MI | 2022-09-09 | 2022-09-07+ | SST | Phillips Christopher Stephen | Dir, 10% | S - Sale | $10.03 | -1.32M | 18.67M | -7% | -$13.24M |
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 | 2022-09-09 | G | D | 10,000 | $0.00 | 19,968,786 | I By Just Develop It Ltd | — | — | (F2) Christopher Phillips, a director of the Company, is a director of Just Develop It Limited ("JDI"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein. |
| 2 | Common | Class A Common Stock | 2022-09-07 | S | D | 23,842 | $11.61 | 19,978,786 | I By Just Develop It Ltd | — | — | (F1) The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.50 to $11.71, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. (F2) Christopher Phillips, a director of the Company, is a director of Just Develop It Limited ("JDI"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein. |
| 3 | Common | Class A Common Stock | 2022-09-09 | S | D | 1,296,200 | $10.00 | 18,672,586 | I By Just Develop It Ltd | — | — | (F3) Represents shares sold and delivered in a private transaction in accordance with a prior agreement between the parties. Under that agreement, certain terms related to settlement, timing and the delivery of the shares were subject to the satisfaction of certain conditions beyond the control of the parties. In addition, certain additional terms related to the actual delivery of the shares were agreed upon in September 2022, and the shares were delivered on September 9, 2022. (F2) Christopher Phillips, a director of the Company, is a director of Just Develop It Limited ("JDI"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein. |