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

Role: Vice President of Operations
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.