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Lone Star Trust Sells System1 Shares for $7.16M

Lone Star Friends Trust sells 4.775M shares of System1, Inc. for $7.16M in a major transaction. Future strategies focus on growth despite financial challenges.

by Mark Eisenberg
Sat, Jun 22, 2024 1:47pm
in Business
• 2 mins read
14.9k
Lone Star Trust Sells System1 Shares for .16M | FinOracle

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Lone Star Friends Trust Sells System1, Inc. Shares in Major Transaction

On June 17, 2024, Lone Star Friends Trust sold 4,775,000 shares of System1, Inc. (NYSE:SST) at $1.50 per share, totaling roughly $7.16 million. This private, off-exchange transaction was disclosed in a Form 4 filing with the SEC. The purchase was made by CEE Holdings Trust, which is connected to Charles Ursini, the Co-Founder, President, and COO of System1.

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