Form 4: System1 Executive Coppola Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Brian Coppola, Chief Product Officer of System1, Inc., sold shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On July 29, 2024, Brian Coppola, Chief Product Officer of System1, Inc., disposed of 2,048 shares of Class A Common Stock.
- The shares were sold at a price of $1.38.
- This transaction was to cover the reporting person's tax withholding obligation related to the vesting of 4,688 restricted stock units (RSUs).
- Following the transaction, Coppola beneficially owns 305,588 shares, which includes 124,757 unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an executive's stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of transaction: Brian Coppola disposed of shares to cover tax obligations. |
| 07/31/2024 | Date of signature on the Form 4 filing. |
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