Lone Star Friends Trust 4
4 · System1, Inc. · Filed Jun 21, 2024
Insider Transaction Report
Form 4
Lone Star Friends Trust
10% Owner
Transactions
- Sale
Class A Common Stock
2024-06-17$1.50/sh−4,775,000$7,162,500→ 956,423 total(indirect: By Trust)
Footnotes (3)
- [F1]Lone Star Friends Trust, a trust established for the benefit of Mr. Michael Blend, the Company's Co-Founder, CEO and Chairman of the Board, sold 4,775,000 shares to CEE Holdings Trust, a trust established for the benefit of Mr. Charles Ursini, the Company's Co-Founder, President & Chief Operating Officer, and a member of the Board of Directors, in a privately negotiated arm's length transaction that was not conducted through the exchange on which the Issuer's publicly traded securities are listed.
- [F2]In connection with the sale reported on this Form 4, the Reporting Person disgorged $930.00 to the Company with respect to 11,613 shares purchased by the Reporting Person in March 2024 pursuant to a 10b5-1 trading plan previously entered into by the Reporting Person.
- [F3]Mr. Stanley Blend is the Trustee of Lone Star Friends Trust.