System1 Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:SST Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
22 Aug 25	BuyUS$80,630	CEE Holdings Trust	Company	11,015	US$7.32
21 Aug 25	BuyUS$206,983	CEE Holdings Trust	Company	31,735	US$6.90
13 Jun 25	BuyUS$24,694	John Civantos	Individual	6,158	US$4.01
12 Jun 25	BuyUS$73,295	John Civantos	Individual	1,884.2	US$38.90

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of SST?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	973,927	12.1%
Institutions	987,205	12.3%
General Public	1,233,250	15.3%
Individual Insiders	2,149,884	26.7%
VC/PE Firms	2,701,279	33.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 83.62% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
33.6%	Cannae Holdings, Inc.	2,701,279	US$26.2m	0%	11.38%
17.7%	Michael Blend	1,420,630	US$13.8m	52.5%	no data
11.4%	CEE Holdings Trust	919,555	US$8.9m	3.85%	no data
5.53%	Bridgeport Management Company, LLC	445,088	US$4.3m	0%	100.0%
4.79%	William Foley	385,137	US$3.7m	0%	no data
2.17%	Bank of America Corporation	174,289	US$1.7m	5.62%	no data
1.36%	Cerity Partners LLC	109,286	US$1.1m	0.07%	no data
0.81%	Tridivesh Kidambi	64,848	US$628.1k	1.47%	no data
0.69%	John Civantos	55,613	US$538.7k	6.04%	no data
0.59%	The Vanguard Group, Inc.	47,306	US$458.2k	-24.8%	no data
0.58%	OpenMail2, LLC	46,811	US$453.4k	6,450%	no data
0.53%	Millennium Management LLC	42,778	US$414.4k	0%	no data
0.49%	BlackRock, Inc.	39,122	US$379.0k	-79.4%	no data
0.39%	Jane Street Group, LLC	31,110	US$301.3k	792%	no data
0.37%	Charles Ursini	30,000	US$290.6k	-26.5%	no data
0.33%	Frank Martire	26,575	US$257.4k	16.9%	no data
0.33%	Moujan Kazerani	26,492	US$256.6k	-34.5%	no data
0.29%	Ryan Caswell	23,577	US$228.4k	14.6%	no data
0.29%	Taryn Naidu	23,562	US$228.2k	17.4%	no data
0.28%	Caroline Horn	22,418	US$217.2k	17.6%	no data
0.27%	Brian Coppola	21,981	US$212.9k	3.21%	no data
0.27%	Geode Capital Management, LLC	21,530	US$208.5k	-54.7%	no data
0.25%	Tanmay Kumar	20,196	US$195.6k	17.4%	no data
0.19%	Elizabeth Sestanovich	15,547	US$150.6k	4.5%	no data
0.17%	Daniel Weinrot	13,308	US$128.9k	4%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/10/10 16:46
End of Day Share Price	2025/10/10 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

System1, Inc. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Daniel Kurnos	Benchmark Company
Nathaniel Schindler	BofA Global Research
Thomas Forte	D.A. Davidson & Co.