Joanna Forster - Jun 28, 2024 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
LOGC
Transactions as of
Jun 28, 2024
Transactions value $
-$182,495
Form type
4
Date filed
7/2/2024, 05:02 PM
Previous filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOGC Class A Common Stock Options Exercise $0 +63.1K +216.77% $0.00 92.2K Jun 28, 2024 Direct F1
transaction LOGC Class A Common Stock Tax liability -$182K -32.6K -35.41% $5.59* 59.5K Jul 1, 2024 Direct F2, F3

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 LOGC Restricted Stock Units Options Exercise $0 -63.1K -100% $0.00* 0 Jun 28, 2024 Class A Common Stock 63.1K $0.00 Direct F4
* 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 June 28, 2024.
F2 The sale reported on this Form 4 represents shares sold in to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.59 to $5.74. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The RSUs became fully vested on June 28, 2024.