Lone Star Friends Trust 4
4 · System1, Inc. · Filed Aug 14, 2024
Insider Transaction Report
Form 4
Blend Stanley
10% Owner
Transactions
- Other
Class A Common Stock
2024-08-12+925,107→ 1,517,621 total(indirect: By Trust) - Other
Class A Common Stock
2024-08-12+925,108→ 1,517,622 total(indirect: By Trust) - Other
Class A Common Stock
2024-08-12−1,850,215→ 0 total(indirect: By Trust)
Footnotes (4)
- [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). The Reporting Person is the Trustee of each of the Lone Star Friends Trust, the Dante Jacob Blend Trust and the Nola Delfina Blend Trust.
- [F2]Reflects securities held by the Lone Star Friends Trust ("Lone Star"). Mr. Blend is the Trustee of Lone Star, with sole voting and dispositive power over the assets of Lone Star.
- [F3]Reflects securities held by the Nola Delfina Blend Trust (the "Nola Trust"). Mr. Blend is the Trustee of the Nola Trust, with sole voting and dispositive power over the assets of Nola Trust.
- [F4]Reflects securities held by the Dante Jacob Blend Trust (the "Dante Trust"). Mr. Blend is the Trustee of the Dante Trust, with sole voting and dispositive power over the assets of Dante Trust.