Form 4: System1 CFO Tridivesh Kidambi Reports Tax Withholding Share Transaction
SEC Form 4 Filing
System1 CFO Tridivesh Kidambi reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 28, 2025, System1, Inc.'s CFO, Tridivesh Kidambi, reported a transaction involving Class A Common Stock.
- The transaction involved the disposition of 2,237 shares to cover tax withholding obligations related to the vesting of 6,250 restricted stock units (RSUs).
- The price per share for the disposition was $0.41.
- Following the transaction, Kidambi beneficially owns 716,488 shares, which includes 77,375 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, and it doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/28/2025 | Date of transaction: Disposition of shares for tax withholding. |
| 04/30/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, System1 Inc, SST, Tridivesh Kidambi, CFO, Insider Trading, Beneficial Ownership, Tax Withholding, Restricted Stock Units, RSUs
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