0001912571-23-000003.txt : 20231218
0001912571-23-000003.hdr.sgml : 20231218
20231218191802
ACCESSION NUMBER: 0001912571-23-000003
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231122
FILED AS OF DATE: 20231218
DATE AS OF CHANGE: 20231218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lone Star Friends Trust
CENTRAL INDEX KEY: 0001909643
ORGANIZATION NAME:
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39331
FILM NUMBER: 231495209
BUSINESS ADDRESS:
STREET 1: 2301 BROADWAY STREET
CITY: SAN ANTONIO
STATE: TX
ZIP: 78215
BUSINESS PHONE: (210) 250-6000
MAIL ADDRESS:
STREET 1: 2301 BROADWAY STREET
CITY: SAN ANTONIO
STATE: TX
ZIP: 78215
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Blend Stanley
CENTRAL INDEX KEY: 0001912571
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39331
FILM NUMBER: 231495210
MAIL ADDRESS:
STREET 1: C/O TREBIA ACQUISITION CORP.
STREET 2: 41 MADISON AVENUE, SUITE 2020
CITY: NEW YORK
STATE: NY
ZIP: 10010
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: System1, Inc.
CENTRAL INDEX KEY: 0001805833
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 923978051
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4235 REDWOOD AVENUE
CITY: MARINA DEL REY
STATE: CA
ZIP: 90066
BUSINESS PHONE: 310-924-6037
MAIL ADDRESS:
STREET 1: 4235 REDWOOD AVENUE
CITY: MARINA DEL RAY
STATE: CA
ZIP: 90066
FORMER COMPANY:
FORMER CONFORMED NAME: Trebia Acquisition Corp.
DATE OF NAME CHANGE: 20200306
4
1
wk-form4_1702945071.xml
FORM 4
X0508
4
2023-11-22
0
0001805833
System1, Inc.
SST
0001912571
Blend Stanley
C/O SYSTEM1, INC.
4235 REDWOOD AVENUE
LOS ANGELES
CA
90066
0
0
1
0
0001909643
Lone Star Friends Trust
14122 BLUFF MANOR DRIVE
SAN ANTONIO
TX
78216
0
0
1
0
0
Class C Common Stock
2023-11-22
4
J
0
1000000
0
D
6975103
I
Trust (Lone Star Friends Trust)
Class C Common Stock
2023-11-22
4
J
0
500000
0
A
751379
I
Trust (The Dante Jacob Blend Trust)
Class C Common Stock
2023-11-22
4
J
0
500000
0
A
751379
I
Trust (The Nola Delfina Blend Trust)
Class B Units
Class A Common Stock
751379
751379
I
Trust (The Dante Jacob Blend Trust)
Class B Units
Class A Common Stock
751379
751379
I
Trust (The Nola Delfina Blend Trust)
Class B Units
Class A Common Stock
6975103
6975103
I
Trust (Lone Star Friends Trust)
The Lone Star Friends Trust made a deemed distribution of 1,000,000 shares of Class C common stock (and 1,000,000 corresponding Class B Units of S1 Holdco LLC) to its beneficiaries (which included Mr. Michael Blend, the Issuer's co-founder and CEO, and his spouse). The beneficiaries of the Lone Star Friends Trust immediately made a gift of 500,000 shares of Class C common stock (and 500,000 corresponding Class B Units of S1 Holdco, LLC) to each of the Dante Jacob Blend Trust and the Nola Deflina Blend Trust (which are trusts established for the benefit of the beneficiaries children). The Reporting Person is the Trustee of each of the Lone Star Friends Trust, the Dante Jacob Blend Trust and the Nola Delfina Blend Trust.
Includes 1,533 shares received in connection with pro-rata distributions from OpenMail2, LLC to its members, for no consideration and in an exempt transaction under Rule 16a-9, since the Reporting Person's last reportable transaction filed on Form 4.
Reflects securities held by the Lone Star Friends Trust ("Lone Star"). Mr. Blend is the Trustee of Lone Star, with sole voting and dispositive power over the assets of Lone Star.
Reflects securities held by the Dante Jacob Blend Trust (the "Dante Trust"). Mr. Blend is the Trustee of the Dante Trust.
Represents securities held by the Nola Delfina Blend Trust (the "Nola Trust"). Mr. Blend is the Trustee of the Nola Trust.
Pursuant to the Seventh Amended and Restated Limited Liability Company Operating Agreement of S1 Holdco, the Class B Units are redeemable (in connection with the surrender and forfeiture of the corresponding shares of Class C common stock) on a one-for-one basis for shares of the Company's Class A common stock, or, at the election of the Company, cash equal to the volume weighted average market price of a share of Class A Common Stock at the time of such redemption.
/s/ Daniel Weinrot, Attorney--in-Fact for Stanley Blend
2023-12-18
/s/ Daniel Weinrot, Attoney-in-Fact for Lone Star Friends Trust
2023-12-18