Form 4: System1 Inc. Executive Jennifer Robinson Reports Tax Withholding Transaction
SEC Form 4 Filing
Jennifer Robinson, Chief Technology Officer of System1, Inc., reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On August 15, 2024, Jennifer Robinson, Chief Technology Officer of System1, Inc., had 2,629 shares of Class A Common Stock withheld to cover tax obligations.
- This was due to the vesting of 7,368 restricted stock units (RSUs) previously granted to her.
- Following the transaction, Robinson beneficially owns 161,943 shares, which includes 34,667 unvested RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax withholding, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: shares withheld for tax obligations. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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