Form 4: System1 Executive Coppola Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Brian Coppola, Chief Ad Operations Officer at System1, Inc., disposed of 3,300 shares of Class A Common Stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- On April 15, 2025, Brian Coppola, Chief Ad Operations Officer of System1, Inc., disposed of 3,300 shares of Class A Common Stock.
- The shares were withheld by the company to cover Mr. Coppola's tax obligations related to the vesting of 7,537 restricted stock units (RSUs).
- The transaction price was $0.31 per share.
- Following the transaction, Mr. Coppola beneficially owns 281,851 shares, including 71,513 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to executive compensation and tax obligations.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: Disposal of shares to cover tax obligations. |
| 04/17/2025 | Date of signature on the Form 4 filing. |
Keywords
System1, Inc., Brian Coppola, Form 4, Insider Trading, Stock Disposal, Tax Obligations, RSUs, SST
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