Peiyen Chuang - Aug 20, 2021 Form 4 Insider Report for ContextLogic Inc. (WISH)

Signature
/s/ Renee Jackson, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Aug 20, 2021
Transactions value $
$0
Form type
4
Date filed
8/24/2021, 06:21 PM
Previous filing
Aug 19, 2021
Next filing
Aug 26, 2021

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 $1.19K +5K +3.48% $0.24 148K Aug 20, 2021 Direct F1
transaction WISH Class A Common Stock Conversion of derivative security $1.19K +5K +3.37% $0.24 153K Aug 23, 2021 Direct F1

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 Stock Option (right to buy) Options Exercise -$1.19K -5K -2.34% $0.24 209K Aug 20, 2021 Class B Common Stock 5K $0.24 Direct F2
transaction WISH Class B Common Stock Options Exercise $0 +5K $0.00 5K Aug 20, 2021 Class A Common Stock 5K Direct F3, F4
transaction WISH Class B Common Stock Conversion of derivative security $0 -5K -100% $0.00* 0 Aug 20, 2021 Class A Common Stock 5K Direct F1, F3, F4
transaction WISH Stock Option (right to buy) Options Exercise -$1.19K -5K -2.39% $0.24 204K Aug 23, 2021 Class B Common Stock 5K $0.24 Direct F2
transaction WISH Class B Common Stock Options Exercise $0 +5K $0.00 5K Aug 23, 2021 Class A Common Stock 5K Direct F3, F4
transaction WISH Class B Common Stock Conversion of derivative security $0 -5K -100% $0.00* 0 Aug 23, 2021 Class A Common Stock 5K Direct F1, F3, F4
* 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 Options granted under the ContextLogic, Inc. 2010 Stock Plan. The option shares vest and become exercisable with respect to 20% of the total shares on July 1, 2015, and with respect to 1/48th of the remaining shares each month thereafter.
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.