Phillips Christopher Stephen's Form 4 filing
System1, Inc. (SST) · filed Sep 9, 2022
- Accession no.
- 0001908124-22-000013
- Filed
- Sep 9, 2022, 8:35 PM ET
- Trade date
- Sep 7-9, 2022
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 3 non-derivative transactions. Open-market sales total $13.2M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Phillips Christopher StephenCIK 0001908124 | Director, 10% Owner |
| Just Develop It LtdCIK 0001909642 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 7, 2022 | Class A Common Stock | SSaleDisposed | −23,842 | $11.61F1 | −$276,805.62 | 19,978,786 | Indirect | |
| Sep 9, 2022 | Class A Common Stock | GGiftDisposed | −10,000 | $0.00 | $0 | 19,968,786 | Indirect | |
| Sep 9, 2022 | Class A Common Stock | SSaleDisposed | −1,296,200 | $10.00F3 | −$12,962,000 | 18,672,586 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.50 to $11.71, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F3
Represents shares sold and delivered in a private transaction in accordance with a prior agreement between the parties. Under that agreement, certain terms related to settlement, timing and the delivery of the shares were subject to the satisfaction of certain conditions beyond the control of the parties. In addition, certain additional terms related to the actual delivery of the shares were agreed upon in September 2022, and the shares were delivered on September 9, 2022.
Referenced by the price of 1 transaction in Table I.