System1 (NYSE: SST) counsel has 341 shares withheld in RSU tax event
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
System1, Inc. General Counsel & Secretary Daniel J. Weinrot reported a routine tax-related share disposition. When 670 restricted stock units (RSUs) vested, the company withheld 341 shares of Class A Common Stock at $2.26 per share to cover his tax withholding obligation.
After this non-market transaction, Weinrot directly holds 69,053 shares of Class A Common Stock, which include 54,510 unvested RSUs. The filing reflects compensation-related equity vesting rather than an open-market purchase or sale.
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 | 341 | $2.26 | $770.66 |
Holdings After Transaction:
Class A Common Stock — 69,053 shares (Direct)
Footnotes (1)
- Upon the vesting of 670 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 341 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs. Includes 54,510 unvested RSUs.
Key Figures
Shares withheld for taxes: 341 shares
RSUs vested: 670 RSUs
Shares held after transaction: 69,053 shares
+2 more
5 metrics
Shares withheld for taxes
341 shares
Withheld to cover tax obligation on RSU vesting at $2.26
RSUs vested
670 RSUs
Restricted stock units vesting triggered tax withholding
Shares held after transaction
69,053 shares
Direct holdings after tax-withholding disposition, includes unvested RSUs
Unvested RSUs included in holdings
54,510 RSUs
Unvested restricted stock units remaining after the transaction
Price per share for withholding
$2.26 per share
Value used for 341 shares withheld for tax obligation
Key Terms
restricted stock units ("RSUs"), tax withholding obligation, unvested RSUs, Class A Common Stock
4 terms
restricted stock units ("RSUs") financial
"Upon the vesting of 670 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
"the Company withheld 341 shares to cover the reporting person's tax withholding obligation"
unvested RSUs financial
"Includes 54,510 unvested RSUs."
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did System1 (SST) insider Daniel J. Weinrot report in this Form 4?
Daniel J. Weinrot reported a tax-withholding disposition of 341 shares. The company withheld these shares when 670 RSUs vested to cover his tax obligation, a standard compensation-related equity event rather than an open-market trade.
What are Daniel J. Weinrot’s holdings in System1 (SST) after the reported transaction?
Following the transaction, Weinrot directly holds 69,053 shares of Class A Common Stock. This amount includes 54,510 unvested restricted stock units, reflecting both currently owned shares and equity awards that continue to vest over time.
What role does Daniel J. Weinrot hold at System1 (SST) in this Form 4 filing?
Daniel J. Weinrot is identified as General Counsel & Secretary of System1, Inc. His reported equity activity relates to his compensation, specifically RSU vesting and associated tax withholding, rather than discretionary stock market trading.