Filing Details

Accession Number:
0001912571-24-000002
Form Type:
4/A
Zero Holdings:
No
Publication Time:
2024-03-19 18:53:13
Reporting Period:
2023-12-15
Accepted Time:
2024-03-19 18:53:13
Original Submission Date:
2023-12-18
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1805833 System1 Inc. SST Services-Computer Programming, Data Processing, Etc. (7370) 923978051
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1912571 Stanley Blend C/O System1, Inc.
4235 Redwood Avenue
Los Angeles CA 90066
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2023-12-15 880,281 $1.42 6,613,237 No 4 P Indirect Trust (Lone Star Friends Trust)
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect Trust (Lone Star Friends Trust)
Footnotes
  1. Lone Star Friends Trust purchased 880,281 shares in a privately negotiated arm's length transaction from another existing holder of the Issuer's Class A common stock in a transaction that was not conducted through the exchange on which the Issuer's securities are listed.
  2. The original Form 4, filed on December 18, 2023, is being amended by this Form 4 amendment solely to correct an administrative error. The original Form 4 reported that 880,000 shares of Class A common stock were purchased by the Reporting Person in a private transaction on December 15, 2023. As a result of this administrative error, the number of shares acquired by the Reporting Person as reported on the original Form 4 was under-reported by a total of 281 shares.
  3. Lone Star Friends Trust purchased 880,281 shares in a privately negotiated arm's length transaction from another existing holder of the Issuer's Class A common stock. The aggregate purchase price for the acquired shares was $1,250,000.
  4. Includes 1,533 shares received in connection with pro-rata distributions from OpenMail2, LLC to its members, for no consideration and in an exempt transaction under Rule 16a-9, since the Reporting Person's last reportable transaction filed on Form 4.
  5. 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.