Form 4: System1 General Counsel Sells Shares to Cover Tax Obligations

Daniel J Weinrot, General Counsel & Secretary of System1, Inc., sold 1,905 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On April 28, 2025, Daniel J Weinrot, the General Counsel & Secretary of System1, Inc., sold 1,905 shares of Class A Common Stock.
• The sale was executed to cover tax withholding obligations related to the vesting of 3,750 restricted stock units (RSUs).
• The price per share was $0.41.
• Following the transaction, Weinrot directly owns 186,106 shares of Class A Common Stock, which includes 58,150 unvested RSUs.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes and doesn't indicate any significant positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of insider trading activity and are required by the SEC to ensure transparency in the market. This transaction appears to be a standard tax-related sale following the vesting of RSUs, which is a common practice among corporate executives.

Key Dates

Keywords

Form 4, System1, Inc., SST, Daniel J Weinrot, General Counsel, Secretary, Class A Common Stock, Restricted Stock Units, RSUs, Tax Withholding, Beneficial Ownership, Securities Exchange Act