Form 4: System1 Executive Daniel Weinrot Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Daniel Weinrot, General Counsel & Secretary of System1, Inc., reports disposing of 1,901 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On July 29, 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 $1.38.
- Following the transaction, Weinrot directly owns 211,565 shares, which includes 106,184 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related share disposal, which is common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of transaction: Disposal of 1,901 shares of Class A Common Stock. |
| 07/31/2024 | Date of report signature. |
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