Form 4: System1 Inc. Executive Jennifer Robinson Reports Tax Withholding Share Disposal
SEC Form 4 Filing
Jennifer Robinson, Chief Technology Officer of System1, Inc., disposed of 2,242 shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On July 29, 2024, Jennifer Robinson, Chief Technology Officer of System1, Inc., disposed of 2,242 shares of Class A Common Stock to satisfy tax withholding obligations.
- The shares were withheld by the company at a price of $1.38 per share.
- This transaction occurred upon the vesting of 6,281 restricted stock units (RSUs) previously granted to Robinson.
- Following the transaction, Robinson beneficially owns 164,572 shares, which includes 42,035 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it's neutral in 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 filing indicates a routine transaction related to tax obligations upon vesting of RSUs, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 07/29/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 07/31/2024 | Date of signature on the Form 4 filing. |
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