Lone Star Friends Trust 4
4 · System1, Inc. · Filed Dec 27, 2024
Insider Transaction Report
Form 4
Blend Stanley
10% Owner
Transactions
- Conversion
Class A Common Stock
2024-12-24+2,500,000→ 2,500,000 total(indirect: By Trust) - Conversion
Class B Units
2024-12-24−2,500,000→ 4,475,103 total(indirect: By Trust)→ Class A Common Stock (2,500,000 underlying)
Footnotes (1)
- [F1]Pursuant to the Seventh Amended and Restated Limited Liability Company Operating Agreement of S1 Holdco, the Class B Units are redeemable (in connection with the surrender and forfeiture of the corresponding shares of Class C common stock) on a one-for-one basis for shares of the Company's Class A common stock, or, at the election of the Company, cash equal to the volume weighted average market price of a share of Class A Common Stock at the time of such redemption.