Kazerani Moujan 4/A
4/A · System1, Inc. · Filed Mar 7, 2022
Insider Transaction Report
Form 4/AAmended
Kazerani Moujan
Director
Transactions
- Purchase
Class A Common Stock
2022-01-28$10.31/sh+20,500$211,355→ 20,500 total(indirect: By Spouse) - Purchase
Warrants (right to buy)
2022-01-28$1.02/sh+40,700$41,514→ 40,700 total(indirect: By Spouse)→ Class A Common Stock (40,700 underlying)
Footnotes (3)
- [F1]Represents the weighted average purchase price paid. These shares were purchased in multiple transactions at prices ranging from $9.96 to $10.59, inclusive. The reporting person undertakes to provide to System1, Inc. (the "Company"), any securityholder of the Company, 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 ranges set forth in this footnote to this Form 4.
- [F2]Each warrant entitles the holder thereof to purchase one share of Class A common stock of System1, Inc. (the "Company") at an exercise price of $11.50 per share. The warrants become exercisable 30 days after the completion of the Business Combination. The warrants expire five years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading "Description of System1 Securities-System1 Warrants" in the Company's registration statement on Form S-4 (File No. 333-260714).
- [F3]Represents the weighted average purchase price paid. These warrants were purchased in multiple transactions at prices ranging from $1.00 to $1.06, inclusive. The reporting person undertakes to provide to the Company, any securityholder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of warrants purchased at each separate price within the ranges set forth in this footnote to this Form 4.