X0306 4 2022-04-20 0 0001805833 System1, Inc. SST 0001504477 Blend L Michael C/O SYSTEM1, INC. 4235 REDWOOD AVENUE MARINA DEL REY CA 90066 1 1 0 0 CEO & Chairman Class A Common Stock 2022-04-20 4 J 0 3086790 0.00 D 0 I By LLC Class A Common Stock 725000 D On April 20, 2022, Lone Investment Holdings, LLC ("LIH") distributed 3,086,790 shares to its members on a pro rata basis for no consideration. Mr. Blend is the manager of LIH, and may be deemed to have voting and dispositive power over the shares held by LIH. Mr. Blend disclaims beneficial ownership in the shares held by LIH except to the extent of his pecuniary interest therein. These transactions did not involve any sales into the open market. /s/ Daniel Weinrot, as Attorney-in-Fact for Michael Blend 2022-04-22