4//SEC Filing
Phillips Christopher Stephen 4
Accession 0001908124-22-000013
CIK 0001805833other
Filed
Sep 8, 8:00 PM ET
Accepted
Sep 9, 8:35 PM ET
Size
11.3 KB
Accession
0001908124-22-000013
Insider Transaction Report
Form 4
Phillips Christopher Stephen
Director10% Owner
Transactions
- Gift
Class A Common Stock
2022-09-09−10,000→ 19,968,786 total(indirect: By Just Develop It Ltd) - Sale
Class A Common Stock
2022-09-09$10.00/sh−1,296,200$12,962,000→ 18,672,586 total(indirect: By Just Develop It Ltd) - Sale
Class A Common Stock
2022-09-07$11.61/sh−23,842$276,806→ 19,978,786 total(indirect: By Just Develop It Ltd)
Just Develop It Ltd
10% Owner
Transactions
- Sale
Class A Common Stock
2022-09-09$10.00/sh−1,296,200$12,962,000→ 18,672,586 total(indirect: By Just Develop It Ltd) - Sale
Class A Common Stock
2022-09-07$11.61/sh−23,842$276,806→ 19,978,786 total(indirect: By Just Develop It Ltd) - Gift
Class A Common Stock
2022-09-09−10,000→ 19,968,786 total(indirect: By Just Develop It Ltd)
Footnotes (3)
- [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.
- [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.
Documents
Issuer
System1, Inc.
CIK 0001805833
Entity typeother
Related Parties
1- filerCIK 0001908124
Filing Metadata
- Form type
- 4
- Filed
- Sep 8, 8:00 PM ET
- Accepted
- Sep 9, 8:35 PM ET
- Size
- 11.3 KB