Peiyen Chuang - 16 Apr 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: Vice President of Operations
Signature: /s/ Renee Jackson, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 16 Apr 2021
Net transactions value: $0
Form type: 4
Filing time: 22 Jul 2021, 19:05:42 UTC
Next filing: 18 May 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WISH	Class A Common Stock	Conversion of derivative security	$7,140	+30,000	+61%	$0.2380	79,045	16 Apr 2021	Direct	F1
transaction	WISH	Class A Common Stock	Conversion of derivative security	$0	+30,675	+39%	$0.000000	109,720	15 May 2021	Direct	F2
transaction	WISH	Class A Common Stock	Conversion of derivative security	$0	+6,403	+7%	$0.000000	98,309	15 Jun 2021	Direct	F2
transaction	WISH	Class A Common Stock	Conversion of derivative security	$0	+6,123	+6.4%	$0.000000	101,183	15 Jul 2021	Direct	F2

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	Class B Common Stock	Conversion of derivative security	$7,140	-30,000	-100%	$0.2380	0	16 Apr 2021	Class A Common Stock	30,000		Direct	F1, F3, F4, F5
transaction	WISH	Class B Common Stock	Conversion of derivative security	$0	-30,675	-100%	$0.000000^*	0	15 May 2021	Class A Common Stock	30,675		Direct	F2, F3, F4, F6
transaction	WISH	Class B Common Stock	Conversion of derivative security	$0	-6,403	-100%	$0.000000^*	0	15 Jun 2021	Class A Common Stock	6,403		Direct	F2, F3, F4, F6
transaction	WISH	Class B Common Stock	Conversion of derivative security	$0	-6,123	-100%	$0.000000^*	0	15 Jul 2021	Class A Common Stock	6,123		Direct	F2, F3, F4, F6

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

Explanation of Responses:

Id	Content
F1	Represents the conversion of Class B Common Stock, issued upon exercise of options granted under the ContextLogic, Inc. 2010 Stock Plan, into Class A Common Stock held of record by the Reporting Person.
F2	Represents the conversion of Class B Common Stock, issued upon settlement of vested Restricted Stock Units, into Class A Common Stock held of record by the Reporting Person.
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.
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.
F5	The Reporting Person elected to convert the Class B Common Stock, issued upon exercise of options granted under the ContextLogic, Inc. 2010 Stock Plan, to Class A Common Stock on a 1-for-1 basis.
F6	The Reporting Person elected to convert the Class B Common Stock, issued upon settlement of vested Restricted Stock Units, to Class A Common Stock on a 1-for-1 basis.