Form 4: System1 Executive Brian Coppola Reports Stock Transaction
SEC Form 4
Brian Coppola, Chief Product Officer of System1, Inc., reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 15, 2024, Brian Coppola, Chief Product Officer of System1, Inc., had 1,184 shares of Class A Common Stock withheld to cover tax obligations.
- This was due to the vesting of 3,316 restricted stock units (RSUs) previously granted to Coppola.
- The price per share was $2.19.
- Following the transaction, Coppola beneficially owns 220,235 shares, which includes 47,447 unvested RSUs and 522 shares received from OpenMail2, LLC.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on the stock market.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 04/15/2024 | Date of stock transaction (tax withholding). |
| 04/17/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.