4//SEC Filing
Phillips Christopher Stephen 4
Accession 0000899243-22-015531
CIK 0001805833other
Filed
Apr 21, 8:00 PM ET
Accepted
Apr 22, 9:36 PM ET
Size
10.3 KB
Accession
0000899243-22-015531
Insider Transaction Report
Form 4
Phillips Christopher Stephen
Director10% Owner
Transactions
- Other
Class A Common Stock
2022-04-20−28,650,499→ 0 total(indirect: By JDI & AFH Limited)
Holdings
- 20,447,728(indirect: By Just Develop It Limited)
Class A Common Stock
Just Develop It Ltd
10% Owner
Transactions
- Other
Class A Common Stock
2022-04-20−28,650,499→ 0 total(indirect: By JDI & AFH Limited)
Holdings
- 20,447,728(indirect: By Just Develop It Limited)
Class A Common Stock
JDI & AFH Ltd
10% Owner
Transactions
- Other
Class A Common Stock
2022-04-20−28,650,499→ 0 total(indirect: By JDI & AFH Limited)
Holdings
- 20,447,728(indirect: By Just Develop It Limited)
Class A Common Stock
Footnotes (2)
- [F1]On April 20, 2022, JDI & AFH Limited ("J&A") distributed all of its 28,650,499 shares to its members on a pro rata basis for no consideration (the "J&A Distribution"). J&A's controlling stockholder is Just Develop It Limited ("JDI"). JDI may be deemed to indirectly beneficially own the securities held by J&A. As a result of the J&A Distribution, JDI's beneficial ownership of 19,508,187 shares held by J&A, representing its pro rata interest in J&A, was changed from indirect to direct beneficial ownership. Christopher Phillips, a director of the Company, is a director of J&A and JDI. JDI's controlling stockholder is Christopher Phillips. Mr. Phillips has voting and dispositive power over the securities held by J&A and JDI and thus may be deemed to beneficially own the shares held by J&A and JDI, but disclaims such beneficial ownership except to any pecuniary interest therein. As a reslt of the J&A Distribution, J&A is no longer a 10% beneficial owner of Issuer securities.
- [F2]Includes 19,508,187 distributed to JDI from J&A in connection with the J&A Distribution. See Footnote 1.
Documents
Issuer
System1, Inc.
CIK 0001805833
Entity typeother
Related Parties
1- filerCIK 0001908124
Filing Metadata
- Form type
- 4
- Filed
- Apr 21, 8:00 PM ET
- Accepted
- Apr 22, 9:36 PM ET
- Size
- 10.3 KB