Blend L Michael 4
4 · System1, Inc. · Filed Aug 14, 2024
Insider Transaction Report
Form 4
Blend L Michael
DirectorCEO & Chairman
Transactions
- Other
Class A Common Stock
2024-08-12+1,850,215→ 1,850,215 total - Gift
Class A Common Stock
2024-08-12−1,850,215→ 0 total
Footnotes (1)
- [F1]The Lone Star Friends Trust made a deemed distribution of 1,850,215 shares of Class A common stock to its beneficiaries (which included Mr. Michael Blend, the Issuer's co-founder and CEO, and his spouse). The beneficiaries of the Lone Star Friends Trust immediately made a gift of 925,107 and 925,108 shares of Class A common stock to each of the Dante Jacob Blend Trust and the Nola Deflina Blend Trust, respectively, (which are trusts established for the benefit of the beneficiaries children).