Form 4: System1 Inc. Executive Brian Coppola Reports Stock Transaction

System1 Inc.'s Chief Product Officer, Brian Coppola, had 16,205 shares withheld for tax obligations following the vesting of restricted stock units.

Summary

• Brian Coppola, Chief Product Officer at System1 Inc., reported a transaction involving the company's Class A Common Stock.
• On January 15, 2025, 16,205 shares were withheld to cover tax obligations related to the vesting of 33,016 restricted stock units (RSUs).
• Following the transaction, Coppola beneficially owns 286,930 shares, which includes 83,738 unvested RSUs and 1,044 shares received from OpenMail2, LLC.

Sentiment

Score: 5

Explanation: The document is a routine filing of a stock transaction related to executive compensation, and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• The vesting of restricted stock units and subsequent tax withholding is a standard practice in executive compensation across various industries.
• Many companies use RSUs as part of their compensation packages to align executive interests with shareholder value.
• The tax withholding process is also a common practice to ensure compliance with tax regulations.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it is related to executive compensation.
• The transaction does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

System1 Inc., Brian Coppola, stock transaction, restricted stock units, tax withholding, beneficial ownership, Form 4, Class A Common Stock