Rajat Bahri - 15 Jul 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: Chief Financial Officer
Signature: /s/ Renee Jackson, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 15 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 19 Jul 2021, 18:40:45 UTC
Previous filing: 21 Jun 2021
Next filing: 21 Jul 2021
SEC: View on sec.gov

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	-4,956	-5.3%	$0.000000	89,208	15 Jul 2021	Class B Common Stock	4,956	$0.000000	Direct	F1, F2
transaction	WISH	Class B Common Stock	Options Exercise	$0	+4,956	+2.2%	$0.000000	226,475	15 Jul 2021	Class A Common Stock	4,956		Direct	F3, F4
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-2,640	-5.3%	$0.000000	47,390	15 Jul 2021	Class B Common Stock	2,640	$0.000000	Direct	F1, F5
transaction	WISH	Class B Common Stock	Options Exercise	$0	+2,640	+1.2%	$0.000000	229,115	15 Jul 2021	Class A Common Stock	2,640		Direct	F3, F4
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-36,850	-3.8%	$0.000000	921,620	15 Jul 2021	Class B Common Stock	36,850	$0.000000	Direct	F1, F6
transaction	WISH	Class B Common Stock	Options Exercise	$0	+36,850	+16%	$0.000000	265,965	15 Jul 2021	Class A Common Stock	36,850		Direct	F3, F4
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-5,208	-2.6%	$0.000000	197,920	15 Jul 2021	Class B Common Stock	5,208	$0.000000	Direct	F1, F7
transaction	WISH	Class B Common Stock	Options Exercise	$0	+5,208	+2%	$0.000000	271,173	15 Jul 2021	Class A Common Stock	5,208		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This reported transaction represents the settlement of RSUs vested as of July 15, 2021.
F2	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, 1/60th of the RSUs vest on a monthly basis beginning on February 1, 2018 for a period of 5 years.
F3	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.
F4	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.
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, 1/4th of the RSUs vested on January 1, 2020, and 1/36th of the remaining RSUs vest monthly thereafter for a period of 3 years.
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 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.
F7	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.