System1 (NYSE: SST) exec has 6,124 shares withheld to cover RSU taxes
Rhea-AI Filing Summary
System1, Inc. executive Brian Coppola, Chief Ad Operations Officer, reported a tax-withholding disposition of 6,124 shares of Class A Common Stock at $2.60 per share. The shares were withheld upon the vesting of 13,954 RSUs. After this event, he holds 59,774 shares directly, including 28,308 unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coppola Brian
Role
Chief Ad Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 6,124 | $2.60 | $16K |
Holdings After Transaction:
Class A Common Stock — 59,774 shares (Direct)
Footnotes (1)
- Upon the vesting of 13,954 restricted stock units ("RSUs") previously granted to the reporting person, the Company withheld 6,124 shares to cover the reporting person's tax withholding obligation with respect to the vesting of such RSUs. Includes 28,308 unvested RSUs.
Key Figures
Shares Withheld for Taxes: 6,124 shares
Withholding Price Per Share: $2.6000 per share
Post-Transaction Holdings: 59,774 shares
+2 more
5 metrics
Shares Withheld for Taxes
6,124 shares
Shares of Class A Common Stock withheld to cover tax obligations on RSU vesting
Withholding Price Per Share
$2.6000 per share
Value per share assigned to the 6,124 withheld shares
Post-Transaction Holdings
59,774 shares
Class A Common Stock directly owned by Brian Coppola after the transaction
RSUs Vested
13,954 RSUs
Restricted stock units whose vesting led to the tax-withholding disposition
Unvested RSUs Included
28,308 RSUs
Unvested RSUs included in Brian Coppola’s 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 13,954 restricted stock units ("RSUs") previously"
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 28,308 unvested RSUs."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did System1 (SST) executive Brian Coppola report?
Brian Coppola reported a tax-withholding disposition of 6,124 shares of System1 Class A Common Stock. The company withheld these shares to satisfy his tax obligations arising from the vesting of 13,954 restricted stock units (RSUs), rather than through an open-market sale.
Was Brian Coppola’s System1 (SST) transaction an open-market sale?
No, the reported transaction was a tax-withholding disposition, not an open-market sale. System1 withheld 6,124 shares from vested RSUs to satisfy Brian Coppola’s tax obligations, which is categorized under code F for payment of tax liability by delivering securities.
Does Brian Coppola still hold unvested RSUs in System1 (SST) after this event?
Yes. After the transaction, his reported holdings include 28,308 unvested RSUs. These unvested RSUs are in addition to his other directly held Class A Common Stock and are specifically noted in the Form 4 footnote describing his post-transaction position.