Jennifer Oliver - 23 Jul 2021 Form 3 Insider Report for ContextLogic Inc. (LOGC)

Role
Interim Co-CFO
Signature
/s/ Renee Jackson, attorney-in-fact
Issuer symbol
LOGC
Transactions as of
23 Jul 2021
Net transactions value
$0
Form type
3
Filing time
30 Jul 2021, 18:20:20 UTC
Next filing
19 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WISH Class A Common Stock 15,786 23 Jul 2021 Direct

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
holding WISH Restricted Stock Unit 23 Jul 2021 Class B Common Stock 7,580 $0.000000 Direct F1, F2
holding WISH Restricted Stock Unit 23 Jul 2021 Class B Common Stock 5,580 $0.000000 Direct F1, F3
holding WISH Restricted Stock Unit 23 Jul 2021 Class B Common Stock 663 $0.000000 Direct F1, F4
holding WISH Restricted Stock Unit 23 Jul 2021 Class B Common Stock 21,014 $0.000000 Direct F1, F5
holding WISH Restricted Stock Unit 23 Jul 2021 Class A Common Stock 35,377 $0.000000 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vested restricted stock units ("RSUs") will settle on or following the vesting date, but no later than two and one-half months following the end of the year in which the vesting date applicable to a RSU occurs.
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, 20% of the RSUs vested on August 20, 2019, with 1/60th of the RSUs vesting monthly thereafter for a period of 4 years.
F3 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, 25% of the RSUs vested on January 1, 2020, with 1/48th of the RSUs vesting monthly thereafter for a period of 3 years.
F4 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, 1/48th of the RSUs vest monthly beginning on May 1, 2019 for a period of 4 years.
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, 1/48th of the RSUs vest monthly beginning on October 1, 2020 for a period of 4 years.
F6 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on August 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).

Remarks:

Exhibit 24 - Power of Attorney