Key facts
- This page summarizes Devang Shah's Form 4 filing for ContextLogic Inc. (LOGC).
- 6 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 17 Jun 2021, 21:11.
Devang Shah - 15 Jun 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)
- Reporting relationship
- General Counsel and Secretary
- Issuer ticker
- LOGC
- Reported as of
- 15 Jun 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 17 Jun 2021, 21:11:45 UTC
- Prior SEC filing
- 20 May 2021
- Next SEC filing
- 21 Jun 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jilliana Wong, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Devang Shah filed Form 4 for ContextLogic Inc. (LOGC) on 17 Jun 2021.
Change
- Previous filing in this sequence was filed on 20 May 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -9,560
- Change %
- -4.8%
- Price
- $0.000000
- Shares after
- 191,230
- Date
- 15 Jun 2021
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 9,560
- Exercise price
- $0.000000
- Footnotes
- F1, F2
WISH
transaction
Derivative
Class B Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +9,560
- Change %
- +24%
- Price
- $0.000000
- Shares after
- 49,644
- Date
- 15 Jun 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,560
- Exercise price
- Footnotes
- F3, F4
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -5,900
- Change %
- -3.7%
- Price
- $0.000000
- Shares after
- 153,440
- Date
- 15 Jun 2021
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 5,900
- Exercise price
- $0.000000
- Footnotes
- F2, F5
WISH
transaction
Derivative
Class B Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +5,900
- Change %
- +12%
- Price
- $0.000000
- Shares after
- 55,544
- Date
- 15 Jun 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,900
- Exercise price
- Footnotes
- F3, F4
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -5,208
- Change %
- -2.5%
- Price
- $0.000000
- Shares after
- 203,128
- Date
- 15 Jun 2021
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 5,208
- Exercise price
- $0.000000
- Footnotes
- F2, F6
WISH
transaction
Derivative
Class B Common Stock
Options Exercise
- Transaction value
- $0
- Shares
- +5,208
- Change %
- +9.4%
- Price
- $0.000000
- Shares after
- 60,752
- Date
- 15 Jun 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,208
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 20% of the RSUs vested on February 5, 2019, and 1/60th of the RSUs vest monthly thereafter for a period of 4 years.
Footnote F2
This reported transaction represents the settlement of RSUs vested as of June 15, 2021.
Footnote F3
All shares of Class B Common Stock will automatically convert, on a one-for-one basis, into shares of Class A Common Stock on the earliest of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the 7-year anniversary of the closing date of the issuer's initial public offering, (iii) the date on which the number of outstanding shares of Class B Common Stock represents less than 5% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock, (iv) the date specified by a vote of the holders of a majority of the then outstanding shares of Class B common stock, or (v) a date that is between 90 and 270 days, as determined by the board of directors, after the death or permanent incapacity of the issuer's founder, CEO, and Chairperson.
Footnote F4
Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except certain permitted transfers.
Footnote F5
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, the RSUs vest on a monthly basis over a period of 4 years beginning on May 1, 2019, with 10% of the total RSUs vesting over the first year, 20% of the total vesting over the second year, 30% of the total vesting over the third year, and 40% of the total vesting over the fourth year.
Footnote F6
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued employment, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years.