Brett Just - May 1, 2024 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role
Chief Financial Officer
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
May 1, 2024
Transactions value $
$0
Form type
4
Date filed
5/3/2024, 04:50 PM
Previous filing
Apr 17, 2024
Next filing
May 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WISH Class A Common Stock Options Exercise $0 +11.8K +171.29% $0.00 18.7K May 1, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WISH Restricted Stock Unit Options Exercise $0 -10.9K -100% $0.00* 0 May 1, 2024 Class A Common Stock 10.9K $0.00 Direct F1, F2
transaction WISH Restricted Stock Unit Options Exercise $0 -133 -100% $0.00* 0 May 1, 2024 Class A Common Stock 133 $0.00 Direct F1, F2
transaction WISH Restricted Stock Unit Options Exercise $0 -736 -100% $0.00* 0 May 1, 2024 Class A Common Stock 736 $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person previously received Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of April 19, 2024.
F2 The vesting of these RSUs has been accelerated such that the RSUs vested in full on April 19, 2024, immediately prior to the closing of the transactions described in that certain Asset Purchase Agreement, dated February 10, 2024, by and among the Issuer, Qoo10 Delaware, and Qoo10 Pte. Ltd.