System1 (SST) counsel has 9,156 shares withheld for RSU taxes
Rhea-AI Filing Summary
System1, Inc. reported an insider equity event for General Counsel & Secretary Daniel J. Weinrot. Upon vesting of 17,995 restricted stock units (RSUs), the company withheld 9,156 shares of Class A Common Stock at $2.60 per share to satisfy his tax withholding obligation.
After this non-market tax-withholding disposition, Weinrot directly holds 59,897 shares of Class A Common Stock, which includes 36,515 unvested RSUs. No open-market purchase or sale of shares occurred as part of this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weinrot Daniel J
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 9,156 | $2.60 | $24K |
Holdings After Transaction:
Class A Common Stock — 59,897 shares (Direct)
Footnotes (1)
- Upon the vesting of 17,995 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 9,156 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs. Includes 36,515 unvested RSUs.
Key Figures
Shares withheld for taxes: 9,156 shares
Transaction price per share: $2.60
RSUs vested: 17,995 RSUs
+2 more
5 metrics
Shares withheld for taxes
9,156 shares
Class A Common Stock withheld to cover tax obligation on RSU vesting
Transaction price per share
$2.60
Value used for tax-withholding disposition of 9,156 shares
RSUs vested
17,995 RSUs
Restricted stock units that vested for the reporting person
Total shares after transaction
59,897 shares
Direct holdings of System1 Class A Common Stock following the withholding
Unvested RSUs included in holdings
36,515 RSUs
Unvested restricted stock units counted within post-transaction holdings
Key Terms
restricted stock units ("RSUs"), tax withholding obligation, unvested RSUs
3 terms
restricted stock units ("RSUs") financial
"Upon the vesting of 17,995 restricted stock units ("RSUs") previously granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligation financial
"shares to cover the reporting person's tax withholding obligation with respect"
unvested RSUs financial
"Includes 36,515 unvested RSUs."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did System1 (SST) General Counsel Daniel J. Weinrot report?
Daniel J. Weinrot had 17,995 RSUs vest, and 9,156 shares of System1 Class A stock were withheld to cover related taxes. This non-market withholding adjusted his equity position without any open-market purchase or sale of SST shares.
How many restricted stock units vested and remain unvested for System1 (SST) insider Daniel J. Weinrot?
A block of 17,995 RSUs vested for Daniel J. Weinrot in this event. After the transaction, his reported holdings include 36,515 unvested RSUs, which are part of his total direct ownership in System1 equity.
Was the System1 (SST) insider activity for Daniel J. Weinrot an open-market sale?
No, the activity was a tax-withholding disposition, not an open-market sale. System1 withheld 9,156 shares upon RSU vesting to satisfy Daniel J. Weinrot’s tax obligation, with no separate market trade reported in this event.