Lone Star Friends Trust's Form 4/A amendment
AmendedSystem1, Inc. (SST) · filed Jun 26, 2024
- Accession no.
- 0001909643-24-000011
- Filed
- Jun 26, 2024, 9:30 PM ET
- Trade date
- Jun 17, 2024
- Filing delay
- 9 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Jun 21, 2024
This filing lists 1 non-derivative transaction. Open-market sales total $7.16M. It was filed 9 days after the trade.
This amendment replaces 0001909643-24-000008 (filed Jun 21, 2024).
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 |
|---|---|
| Lone Star Friends TrustCIK 0001909643 | 10% Owner |
| Blend StanleyCIK 0001912571 | 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 |
|---|---|---|---|---|---|---|---|---|
| Jun 17, 2024 | Class A Common Stock | SSaleDisposed | −4,775,000 | $1.50F2 | −$7,162,500 | 1,850,215 | 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
Lone Star Friends Trust, a trust established for the benefit of Mr. Michael Blend, the Company's Co-Founder, CEO and Chairman of the Board, sold 4,775,000 shares to CEE Holdings Trust, a trust established for the benefit of Mr. Charles Ursini, the Company's Co-Founder, President & Chief Operating Officer, and a member of the Board of Directors, in a privately negotiated arm's length transaction that was not conducted through the exchange on which the Issuer's publicly traded securities are listed.
- F2
In connection with the sale reported on this Form 4, the Reporting Person disgorged $930.00 to the Company with respect to 11,613 shares purchased by the Reporting Person in March 2024 pursuant to a 10b5-1 trading plan previously entered into by the Reporting Person.
Referenced by the price of 1 transaction in Table I.
- F3
Mr. Stanley Blend is the Trustee of Lone Star Friends Trust.
Remarks
This Amendment to the Form 4 for Mr. Blend/Lone Star Friends Trust is being filed to correct the total number of shares beneficially owned by the Reporting Person following the previously reported transaction, as the original Form 4 filed on June 21, 2024 incorrectly indicated that 956,423 shares of Class A common stock were beneficially owned by the Reporting Person following the reported transaction.