Form 4: System1 Executive Daniel Weinrot Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Daniel Weinrot, General Counsel & Secretary of System1, Inc., disposed of 1,901 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On October 28, 2024, Daniel J Weinrot, General Counsel & Secretary of System1, Inc., disposed of 1,901 shares of Class A Common Stock.
- The disposal was to cover tax withholding obligations related to the vesting of 3,750 restricted stock units (RSUs).
- The price per share was $1.05.
- Following the transaction, Weinrot beneficially owns 208,730 shares, which includes 100,592 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact 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. This provides transparency to the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/28/2024 | Date of transaction: Weinrot disposed of shares to cover tax obligations. |
| 10/31/2024 | Date of signature on the Form 4 filing. |
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