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 2,242 shares for tax obligations upon vesting of restricted stock units.
Summary
- On April 29, 2024, Jennifer Robinson, Chief Technology Officer of System1, Inc., had 2,242 shares of Class A Common Stock withheld to cover tax obligations.
- This was due to the vesting of 6,281 restricted stock units (RSUs) previously granted to her.
- The price per share for the tax withholding was $1.73.
- Following the transaction, Robinson beneficially owns 169,443 shares, which includes 55,684 unvested RSUs.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations on vested stock, so it doesn't significantly impact sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track changes in beneficial ownership.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard tax withholding procedure.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of transaction: 2,242 shares withheld for tax obligations. |
| 04/30/2024 | Date of signature for the report. |
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