Kidambi Tridivesh 4

What Happened
Kidambi Tridivesh, Chief Financial Officer of System1, purchased 26,910 shares on April 15, 2026 in a privately negotiated transaction at $3.00 per share, for a total of $80,730. On the same date, 301 shares were disposed/withheld (reported as F) at $2.26 per share (about $680) to satisfy tax withholding when 838 restricted stock units (RSUs) vested.

Key Details

• Transaction dates: April 15, 2026; Form 4 filed April 17, 2026 (timely filing).
• Purchase: 26,910 shares @ $3.00 = $80,730 (code P — privately negotiated purchase, not on an exchange).
• Withholding: 301 shares @ $2.26 = ~$680 (code F — shares withheld to cover tax withholding on 838 vested RSUs).
• Ownership notes: the filing’s ownership lines reference unvested RSUs — one line includes 53,352 unvested RSUs and another line includes 52,514 unvested RSUs (per footnotes).
• No 10b5‑1 plan or other special plan cited; transaction was an arm’s‑length private purchase from an existing Class A holder (footnote F1).

Context
A direct purchase by an officer is a straightforward acquisition (often seen as a positive signal by some investors), while the 301‑share disposition was a routine tax‑withholding event tied to RSU vesting (cashless withholding). The Form 4 shows both the buy and the withholding; it does not indicate an option exercise or a sale for cash proceeds.