System1 (NYSE: SST) GC logs 377-share tax withholding on RSU vesting
Rhea-AI Filing Summary
System1, Inc. officer Daniel J. Weinrot, General Counsel & Secretary, reported a tax-related share withholding tied to restricted stock unit (RSU) vesting. On January 15, 2026, 377 shares of Class A common stock were withheld by the company at a price of $4.40 per share to cover his tax obligation when 670 RSUs vested. After this transaction, he beneficially owns 69,605 shares of Class A common stock, which includes 55,555 unvested RSUs. The filing is made as a Form 4 for a single reporting person.
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FAQ
What insider transaction did SST officer Daniel Weinrot report on this Form 4?
Daniel J. Weinrot, General Counsel & Secretary of System1, Inc. (SST), reported that on January 15, 2026 the company withheld 377 shares of Class A common stock at $4.40 per share to satisfy his tax withholding obligation related to vested restricted stock units.
Was the 377-share SST transaction a market sale by Daniel Weinrot?
No. The 377 shares of System1 Class A common stock were withheld by the company to cover Daniel Weinrot’s tax withholding on the vesting of 670 RSUs, rather than being sold on the open market.
What does transaction code "F" mean in Daniel Weinrot’s SST Form 4?
Transaction code "F" indicates a tax withholding transaction, where shares are withheld by the issuer to pay taxes due upon the vesting or exercise of equity awards, such as the 670 RSUs that vested for Daniel Weinrot.
How many SST shares does Daniel Weinrot own after this reported transaction?
After the tax withholding of 377 shares, Daniel Weinrot beneficially owns 69,605 shares of System1 Class A common stock, which the filing notes includes 55,555 unvested RSUs.
What RSU holdings are disclosed for Daniel Weinrot in this SST filing?
The filing explains that 670 RSUs vested, triggering the tax withholding, and that Daniel Weinrot’s reported beneficial ownership includes 55,555 unvested RSUs that remain subject to vesting conditions.
Is Daniel Weinrot a director or a 10% owner of System1, Inc. (SST)?
No. The Form 4 identifies Daniel J. Weinrot solely as an officer of System1, Inc., with the title General Counsel & Secretary, and does not mark him as a director or 10% owner.