Form 4: System1 Inc. Executive Coppola Reports Tax Withholding Share Disposal
SEC Form 4 Filing
Brian Coppola, Chief Product Officer of System1, Inc., disposed of 1,449 shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- Brian Coppola, Chief Product Officer of System1, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On October 15, 2024, Coppola disposed of 1,449 shares of Class A Common Stock to cover tax withholding obligations related to the vesting of 3,316 restricted stock units (RSUs).
- The shares were disposed of at a price of $1.12 per share.
- Following the transaction, Coppola beneficially owns 304,139 shares, which includes 121,441 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, and has neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. This filing indicates standard practice of covering tax obligations through share disposal.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/15/2024 | Date of transaction: Disposal of shares for tax withholding. |
| 10/16/2024 | Date of signature on the Form 4 filing. |
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