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 April 29, 2024, Brian Coppola, Chief Product Officer of System1, Inc., disposed of 1,673 shares of Class A Common Stock.
- The shares were withheld by the company to cover Coppola's tax obligations related to the vesting of 4,687 restricted stock units (RSUs).
- The transaction price was $1.73 per share.
- Following the transaction, Coppola beneficially owns 219,084 shares, including 42,760 unvested RSUs and 522 shares received from OpenMail2, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
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 |
|---|---|
| 04/29/2024 | Date of transaction: Coppola disposed of 1,673 shares to cover tax obligations. |
| 04/30/2024 | 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.