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Subject to the continued employment of Mr. Phillips through the applicable vesting date, all 160,000 of the RSUs will vest in full on January 27, 2024."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"Includes 160,000 unvested RSUs."}],"balance_after":160000,"source":{"system":"sec-edgar","filing":"0001908124-23-000009","document":"wf-form4_169111118988005.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812423000009/wf-form4_169111118988005.xml","form_type":"4"}},{"id":2162378,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-09-10T00:35:16.000Z","date":"2022-09-09","kind":"sale","acquired":false,"shares":1296200,"price":10,"value":12962000.0,"ownership":{"direct":false,"nature":"By Just Develop It Ltd"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Represents shares sold and delivered in a private transaction in accordance with a prior agreement between the parties.  Under that agreement, certain terms related to settlement, timing and the delivery of the shares were subject to the satisfaction of certain conditions beyond the control of the parties.  In addition, certain additional terms related to the actual delivery of the shares were agreed upon in September 2022, and the shares were delivered on September 9, 2022."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":18672586,"source":{"system":"sec-edgar","filing":"0001908124-22-000013","document":"wf-form4_166277008075287.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812422000013/wf-form4_166277008075287.xml","form_type":"4"}},{"id":2162377,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-09-10T00:35:16.000Z","date":"2022-09-09","kind":"gift","acquired":false,"shares":10000,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By Just Develop It Ltd"},"footnotes":[{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":19968786,"source":{"system":"sec-edgar","filing":"0001908124-22-000013","document":"wf-form4_166277008075287.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812422000013/wf-form4_166277008075287.xml","form_type":"4"}},{"id":2162376,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-09-10T00:35:16.000Z","date":"2022-09-07","kind":"sale","acquired":false,"shares":23842,"price":11.61,"value":276805.62,"ownership":{"direct":false,"nature":"By Just Develop It Ltd"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.50 to $11.71, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":19978786,"source":{"system":"sec-edgar","filing":"0001908124-22-000013","document":"wf-form4_166277008075287.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812422000013/wf-form4_166277008075287.xml","form_type":"4"}},{"id":2167698,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-09-02T23:29:59.000Z","date":"2022-09-02","kind":"sale","acquired":false,"shares":165400,"price":11.49,"value":1900446.0,"ownership":{"direct":false,"nature":"By Just Develop It Ltd"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F4","text":"The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.48 to $11.50, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":20002628,"source":{"system":"sec-edgar","filing":"0001908124-22-000009","document":"wf-form4_166216138288952.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812422000009/wf-form4_166216138288952.xml","form_type":"4"}},{"id":2167697,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-09-02T23:29:59.000Z","date":"2022-09-01","kind":"sale","acquired":false,"shares":67247,"price":11.42,"value":767960.74,"ownership":{"direct":false,"nature":"By Just Develop It Ltd"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.24 to $11.50, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":20168028,"source":{"system":"sec-edgar","filing":"0001908124-22-000009","document":"wf-form4_166216138288952.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812422000009/wf-form4_166216138288952.xml","form_type":"4"}},{"id":2167696,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-09-02T23:29:59.000Z","date":"2022-08-31","kind":"sale","acquired":false,"shares":21087,"price":11.25,"value":237228.75,"ownership":{"direct":false,"nature":"By Just Develop It Ltd"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.24 to $11.31, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. 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The shares were purchased in more than one transaction at prices ranging from $11.00 to $11.30, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":20256362,"source":{"system":"sec-edgar","filing":"0001908124-22-000007","document":"wf-form4_166156014515382.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812422000007/wf-form4_166156014515382.xml","form_type":"4"}},{"id":2173000,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-08-27T00:29:22.000Z","date":"2022-08-25","kind":"sale","acquired":false,"shares":38533,"price":11.02,"value":424633.66,"ownership":{"direct":false,"nature":"By Just Develop It Ltd"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F3","text":"The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.00 to $11.10, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":20336946,"source":{"system":"sec-edgar","filing":"0001908124-22-000007","document":"wf-form4_166156014515382.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812422000007/wf-form4_166156014515382.xml","form_type":"4"}},{"id":2172999,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-08-27T00:29:22.000Z","date":"2022-08-24","kind":"sale","acquired":false,"shares":52749,"price":11.04,"value":582348.96,"ownership":{"direct":false,"nature":"By Just Develop It Ltd"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The price reported in Column 4 is a weighted average price. The shares were purchased in more than one transaction at prices ranging from $11.00 to $11.13, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. 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The shares were purchased in more than one transaction at prices ranging from $11.0378 to $11.0563, inclusive. The Reporting Person(s) undertake(s) to provide to the Issuer, any security holder, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote."},{"field":"ownership.direct","element":"directOrIndirectOwnership","label":"F2","text":"Christopher Phillips, a director of the Company, is a director of Just Develop It Limited (\"JDI\"). Mr. Phillips is also JDI's controlling stockholder. Mr. Phillips has voting and dispositive power over the securities held by JDI and thus may be deemed to beneficially own the shares held by JDI, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":20428228,"source":{"system":"sec-edgar","filing":"0001908124-22-000005","document":"wf-form4_166129251759306.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000190812422000005/wf-form4_166129251759306.xml","form_type":"4"}},{"id":2291883,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":127879,"kind":"organization","name":"JDI & AFH Ltd","position":3,"cik":"0001909640","reported_name":"JDI & AFH Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-04-23T01:36:59.000Z","date":"2022-04-20","kind":"other","acquired":false,"shares":28650499,"price":0,"value":0.0,"ownership":{"direct":false,"nature":"By JDI & AFH Limited"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"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."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"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."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0000899243-22-015531","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322015531/doc4.xml","form_type":"4"}},{"id":2292801,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":127879,"kind":"organization","name":"JDI & AFH Ltd","position":3,"cik":"0001909640","reported_name":"JDI & AFH Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants (Right to buy)","published_at":"2022-04-22T01:45:55.000Z","date":"2022-04-19","kind":"exercise","acquired":false,"shares":500000,"ownership":{"direct":false,"nature":"By Just Develop It Limited"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On April 19, 2022, Just Develop It Limited (\"JDI\") exercised 500,000 warrants to purchase shares of the Class A common stock of the Company. JDI elected to exercise the warrants on a cashless basis (the \"Cashless Exercise\") pursuant to Section 3.3.1(c) of that certain Warrant Agreement, dated June 19, 2020 (the \"Warrant Agreement\"), by and between the Company and Continental Stock Transer & Trust Company (the \"Warrant Agent\")."},{"field":"kind","element":"transactionCoding","label":"F2","text":"(Continued from Footnote 1) Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, LLC (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022). Pursuant to the Cashless Exercise, no shares of Class A common stock were sold by JDI but rather JDI forfeited shares of Class A common stock in an amount equal to the total exercise price of the underlying warrants that were subject to the Cashless Exercise."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"On April 19, 2022, Just Develop It Limited (\"JDI\") exercised 500,000 warrants to purchase shares of the Class A common stock of the Company. JDI elected to exercise the warrants on a cashless basis (the \"Cashless Exercise\") pursuant to Section 3.3.1(c) of that certain Warrant Agreement, dated June 19, 2020 (the \"Warrant Agreement\"), by and between the Company and Continental Stock Transer & Trust Company (the \"Warrant Agent\")."},{"field":"price","element":"transactionPricePerShare","label":"F2","text":"(Continued from Footnote 1) Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, LLC (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022). Pursuant to the Cashless Exercise, no shares of Class A common stock were sold by JDI but rather JDI forfeited shares of Class A common stock in an amount equal to the total exercise price of the underlying warrants that were subject to the Cashless Exercise."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 19, 2022, Just Develop It Limited (\"JDI\") exercised 500,000 warrants to purchase shares of the Class A common stock of the Company. JDI elected to exercise the warrants on a cashless basis (the \"Cashless Exercise\") pursuant to Section 3.3.1(c) of that certain Warrant Agreement, dated June 19, 2020 (the \"Warrant Agreement\"), by and between the Company and Continental Stock Transer & Trust Company (the \"Warrant Agent\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, LLC (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022). Pursuant to the Cashless Exercise, no shares of Class A common stock were sold by JDI but rather JDI forfeited shares of Class A common stock in an amount equal to the total exercise price of the underlying warrants that were subject to the Cashless Exercise."}],"balance_after":0,"derivative":{"exercise_price":11.5,"exercise_date":"2022-02-26","expiration_date":"2027-01-27","underlying":"Class A common stock, par value $0.0001 per share","underlying_shares":500000},"source":{"system":"sec-edgar","filing":"0000899243-22-015378","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322015378/doc4.xml","form_type":"4"}},{"id":2292800,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":127879,"kind":"organization","name":"JDI & AFH Ltd","position":3,"cik":"0001909640","reported_name":"JDI & AFH Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-04-22T01:45:55.000Z","date":"2022-04-19","kind":"tax_withholding","acquired":false,"shares":285459,"price":20.14,"value":5749144.26,"ownership":{"direct":false,"nature":"By Just Develop It Limited"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F3","text":"Represents shares of Class A common stock \"withheld\" in connection with the Cashless Exercise. Pursuant to Section 3.3.1(c) of the Warrant Agreement, the price was calculated as the average last reported sale price of the shares for the ten trading days ending on the third trading day prior to the date on which notice of exercise of the private placement warrant was sent to the Warrant Agent."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"JDI & AFH Limited (\"J&A\") is a private limited company organized under the laws of England and Wales, whose controlling stockholder is JDI. JDI may be deemed to indirectly beneficially own the securities held by J&A. 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."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 19, 2022, Just Develop It Limited (\"JDI\") exercised 500,000 warrants to purchase shares of the Class A common stock of the Company. JDI elected to exercise the warrants on a cashless basis (the \"Cashless Exercise\") pursuant to Section 3.3.1(c) of that certain Warrant Agreement, dated June 19, 2020 (the \"Warrant Agreement\"), by and between the Company and Continental Stock Transer & Trust Company (the \"Warrant Agent\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, LLC (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022). Pursuant to the Cashless Exercise, no shares of Class A common stock were sold by JDI but rather JDI forfeited shares of Class A common stock in an amount equal to the total exercise price of the underlying warrants that were subject to the Cashless Exercise."}],"balance_after":939541,"source":{"system":"sec-edgar","filing":"0000899243-22-015378","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322015378/doc4.xml","form_type":"4"}},{"id":2292799,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}},{"id":123912,"kind":"organization","name":"Just Develop It Ltd","position":2,"cik":"0001909642","reported_name":"Just Develop It Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}},{"id":127879,"kind":"organization","name":"JDI & AFH Ltd","position":3,"cik":"0001909640","reported_name":"JDI & AFH Ltd","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-04-22T01:45:55.000Z","date":"2022-04-19","kind":"exercise","acquired":true,"shares":500000,"price":11.5,"value":5750000.0,"ownership":{"direct":false,"nature":"By Just Develop It Limited"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"On April 19, 2022, Just Develop It Limited (\"JDI\") exercised 500,000 warrants to purchase shares of the Class A common stock of the Company. JDI elected to exercise the warrants on a cashless basis (the \"Cashless Exercise\") pursuant to Section 3.3.1(c) of that certain Warrant Agreement, dated June 19, 2020 (the \"Warrant Agreement\"), by and between the Company and Continental Stock Transer & Trust Company (the \"Warrant Agent\")."},{"field":"kind","element":"transactionCoding","label":"F2","text":"(Continued from Footnote 1) Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, LLC (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022). Pursuant to the Cashless Exercise, no shares of Class A common stock were sold by JDI but rather JDI forfeited shares of Class A common stock in an amount equal to the total exercise price of the underlying warrants that were subject to the Cashless Exercise."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F1","text":"On April 19, 2022, Just Develop It Limited (\"JDI\") exercised 500,000 warrants to purchase shares of the Class A common stock of the Company. JDI elected to exercise the warrants on a cashless basis (the \"Cashless Exercise\") pursuant to Section 3.3.1(c) of that certain Warrant Agreement, dated June 19, 2020 (the \"Warrant Agreement\"), by and between the Company and Continental Stock Transer & Trust Company (the \"Warrant Agent\")."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"(Continued from Footnote 1) Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, LLC (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022). Pursuant to the Cashless Exercise, no shares of Class A common stock were sold by JDI but rather JDI forfeited shares of Class A common stock in an amount equal to the total exercise price of the underlying warrants that were subject to the Cashless Exercise."}],"balance_after":1225000,"source":{"system":"sec-edgar","filing":"0000899243-22-015378","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322015378/doc4.xml","form_type":"4"}},{"id":2348133,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants (right to buy)","published_at":"2022-03-08T01:27:20.000Z","date":"2022-01-27","kind":"purchase","acquired":true,"shares":500000,"ownership":{"direct":false,"nature":"By JDIL"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"Upon the closing of the Business Combination, JDIL acquired the warrants from BGPT Trebia, LP at a price of $1.50 per warrant share . Each whole warrant (\"Warrant\") entitles the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Business Combination, and will expire five (5) years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading \"Description of System1 Securities-System1 Warrants\" in the Company's registration statement on Form S-4 (File No. 333-260714)."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"Upon the closing of the Business Combination, JDIL acquired the warrants from BGPT Trebia, LP at a price of $1.50 per warrant share . Each whole warrant (\"Warrant\") entitles the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Business Combination, and will expire five (5) years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading \"Description of System1 Securities-System1 Warrants\" in the Company's registration statement on Form S-4 (File No. 333-260714)."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"Upon the closing of the Business Combination, JDIL acquired the warrants from BGPT Trebia, LP at a price of $1.50 per warrant share . Each whole warrant (\"Warrant\") entitles the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Business Combination, and will expire five (5) years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading \"Description of System1 Securities-System1 Warrants\" in the Company's registration statement on Form S-4 (File No. 333-260714)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F4","text":"Upon the closing of the Business Combination, JDIL acquired the warrants from BGPT Trebia, LP at a price of $1.50 per warrant share . Each whole warrant (\"Warrant\") entitles the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Business Combination, and will expire five (5) years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading \"Description of System1 Securities-System1 Warrants\" in the Company's registration statement on Form S-4 (File No. 333-260714)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Reflects shares held by Just Develop It Limited (\"JDIL\"), a private limited company organized under the laws of England and Wales. JDIL's controlling stockholder is Christopher Phillips and Christopher Phillips is a director of JDIL. Mr. Phillips has voting and dispositive power over the securities held by JDIL , and thus may be deemed to beneficially own the securities held by JDIL, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":500000,"derivative":{"underlying":"Class A Common Stock","underlying_shares":500000},"source":{"system":"sec-edgar","filing":"0000899243-22-009791","document":"doc4a.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322009791/doc4a.xml","form_type":"4/A","original_submission_date":"2022-02-01"}},{"id":2348132,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-03-08T01:27:20.000Z","date":"2022-01-28","kind":"grant","acquired":true,"shares":725000,"ownership":{"direct":false,"nature":"By JDIL"},"footnotes":[{"field":"security","element":"securityTitle","label":"F1","text":"Received in connection with the business combination (the \"Business Combination\") among System1, Inc. (f/k/a Trebia Acquisition Corp., the \"Company\"), S1 Holdco, LLC (\"S1 Holdco\"), Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, LLC (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. (\"Protected\") and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022)."},{"field":"security","element":"securityTitle","label":"F2","text":"The shares are represented by restricted stock units (\"RSUs\") granted to JDIL in connection with Business Combination and which vest upon the occurrence of: (a) the first trading day on which the volume weighted average price of the Company's Class A common stock equals or exceeds $12.50 per share for any 20 trading days within a period of 30 consecutive trading days or (b) a Change of Control (as defined in the Business Combination Agreement), in which the valuation of the Company's Class A common stock is equal to or in excess of $12.50 per share, for the five-year period following the closing of the Business Combination."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Received in connection with the business combination (the \"Business Combination\") among System1, Inc. (f/k/a Trebia Acquisition Corp., the \"Company\"), S1 Holdco, LLC (\"S1 Holdco\"), Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, LLC (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. (\"Protected\") and the other parties signatory to that certain Business Combination Agreement, dated as of June 28, 2021 (as amended on November 30, 2021, January 10, 2022 and January 25, 2022)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"Reflects shares held by Just Develop It Limited (\"JDIL\"), a private limited company organized under the laws of England and Wales. JDIL's controlling stockholder is Christopher Phillips and Christopher Phillips is a director of JDIL. Mr. Phillips has voting and dispositive power over the securities held by JDIL , and thus may be deemed to beneficially own the securities held by JDIL, but disclaims such beneficial ownership except to any pecuniary interest therein."}],"balance_after":725000,"source":{"system":"sec-edgar","filing":"0000899243-22-009791","document":"doc4a.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322009791/doc4a.xml","form_type":"4/A","original_submission_date":"2022-02-01"}},{"id":2419441,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Warrants (right to buy)","published_at":"2022-02-02T02:59:03.000Z","date":"2022-01-27","kind":"grant","acquired":true,"shares":500000,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"Upon the closing of the Business Combination, Just Develop It Limited (of which Mr. Phillips is a significant beneficiary) acquired the warrants from BGPT Trebia, LP at a price of $1.50 per warrant share . Each whole warrant (\"Warrant\") entitles the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Business Combination, and will expire five (5) years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading \"Description of System1 Securities-System1 Warrants\" in the Company's registration statement on Form S-4 (File No. 333-260714)."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"Upon the closing of the Business Combination, Just Develop It Limited (of which Mr. Phillips is a significant beneficiary) acquired the warrants from BGPT Trebia, LP at a price of $1.50 per warrant share . Each whole warrant (\"Warrant\") entitles the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Business Combination, and will expire five (5) years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading \"Description of System1 Securities-System1 Warrants\" in the Company's registration statement on Form S-4 (File No. 333-260714)."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"Upon the closing of the Business Combination, Just Develop It Limited (of which Mr. Phillips is a significant beneficiary) acquired the warrants from BGPT Trebia, LP at a price of $1.50 per warrant share . Each whole warrant (\"Warrant\") entitles the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Business Combination, and will expire five (5) years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading \"Description of System1 Securities-System1 Warrants\" in the Company's registration statement on Form S-4 (File No. 333-260714)."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F4","text":"Upon the closing of the Business Combination, Just Develop It Limited (of which Mr. Phillips is a significant beneficiary) acquired the warrants from BGPT Trebia, LP at a price of $1.50 per warrant share . Each whole warrant (\"Warrant\") entitles the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the Business Combination, and will expire five (5) years after the completion of the Business Combination or earlier upon redemption or liquidation, as described under the heading \"Description of System1 Securities-System1 Warrants\" in the Company's registration statement on Form S-4 (File No. 333-260714)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F5","text":"Reflects warrants held by Just Develop It Limited (\"JDI\"), a private limited company limited by shares organized under the laws of England & Wales. Christopher Phillips is deemed the Person with Significant Control of JDI. As a result, Mr. Phillips indirectly has the power to control, and is deemed to have indirect benefiicial ownership of, the securities held by JDI."}],"balance_after":500000,"derivative":{"underlying":"Class A Common Stock","underlying_shares":500000},"source":{"system":"sec-edgar","filing":"0000899243-22-003938","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322003938/doc4.xml","form_type":"4"}},{"id":2419440,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-02-02T02:59:03.000Z","date":"2022-01-27","kind":"grant","acquired":true,"shares":725000,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"security","element":"securityTitle","label":"F3","text":"The shares are represented by restricted stock units (\"RSUs\") granted to the reporting person as of the closing of the Business Combination and which vest upon the occurrence of: (a) the first trading day on which the volume weighted average price of the Company's Class A common stock equals or exceeds $12.50 per share for any 20 trading days within a period of 30 consecutive trading days or (b) a Change of Control (as defined in the Business Combination Agreement), in which the valuation of the Company's Class A common stock is equal to or in excess of $12.50 per share, for the five-year period following the closing of the Business Combination."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Received in connection with the business combination (the \"Business Combination\") between System1, Inc., formerly known as Trebia Acquisition Corp. (the \"Company\"), S1 Holdco, LLC (\"S1 Holdco\"), Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, Inc. (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. (\"Protected\") and the other parties signatory to that certain business combination agreement, dated as of June 28, 2021 (as amended November 30, 2021, January 10, 2022 and January 25, 2022)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Held by JDI & AFH Limited (\"JDI & AFH\"), a private limited company limited by shares organized under the laws of England & Wales. Christopher Phillips is deemed the Person with Significant Control of JDI & AFH. As a result, Mr. Phillips indirectly has the power to control, and is deemed to have indirect benefiicial ownership of, the securities held by JDI AFH Limited."}],"balance_after":29375499,"source":{"system":"sec-edgar","filing":"0000899243-22-003938","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322003938/doc4.xml","form_type":"4"}},{"id":2419439,"issuer":{"id":7602,"kind":"organization","name":"System1, Inc."},"owners":[{"id":110885,"kind":"person","name":"Phillips Christopher Stephen","position":1,"cik":"0001908124","reported_name":"Phillips Christopher Stephen","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Class A Common Stock","published_at":"2022-02-02T02:59:03.000Z","date":"2022-01-27","kind":"grant","acquired":true,"shares":28650499,"ownership":{"direct":false,"nature":"See footnote"},"footnotes":[{"field":"price","element":"transactionPricePerShare","label":"F1","text":"Received in connection with the business combination (the \"Business Combination\") between System1, Inc., formerly known as Trebia Acquisition Corp. (the \"Company\"), S1 Holdco, LLC (\"S1 Holdco\"), Orchid Merger Sub I, Inc. (\"Merger Sub I\"), Orchid Merger Sub II, Inc. (\"Merger Sub II\" and, together with Merger Sub I, the \"Merger Subs\"), System1 SS Protect Holdings, Inc. (\"Protected\") and the other parties signatory to that certain business combination agreement, dated as of June 28, 2021 (as amended November 30, 2021, January 10, 2022 and January 25, 2022)."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"Held by JDI & AFH Limited (\"JDI & AFH\"), a private limited company limited by shares organized under the laws of England & Wales. Christopher Phillips is deemed the Person with Significant Control of JDI & AFH. As a result, Mr. Phillips indirectly has the power to control, and is deemed to have indirect benefiicial ownership of, the securities held by JDI AFH Limited."}],"balance_after":28650499,"source":{"system":"sec-edgar","filing":"0000899243-22-003938","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1805833/000089924322003938/doc4.xml","form_type":"4"}}]}