Jennifer Oliver - 15 Oct 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: Interim Co-CFO
Signature: /s/ Renee Jackson, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 15 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 19 Oct 2021, 20:36:06 UTC
Previous filing: 21 Sep 2021
Next filing: 20 Oct 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	$0	+1,184	+6.3%	$0.000000	19,847	15 Oct 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	Restricted Stock Unit	Options Exercise	$0	-290	-4.1%	$0.000000	6,700	15 Oct 2021	Class B Common Stock	290	$0.000000	Direct	F2, F3
transaction	WISH	Class B Common Stock	Options Exercise	$0	+290		$0.000000	290	15 Oct 2021	Class A Common Stock	290		Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-310	-6.2%	$0.000000	4,650	15 Oct 2021	Class B Common Stock	310	$0.000000	Direct	F2, F5
transaction	WISH	Class B Common Stock	Options Exercise	$0	+310	+107%	$0.000000	600	15 Oct 2021	Class A Common Stock	310		Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-31	-5.2%	$0.000000	570	15 Oct 2021	Class B Common Stock	31	$0.000000	Direct	F2, F6
transaction	WISH	Class B Common Stock	Options Exercise	$0	+31	+5.2%	$0.000000	631	15 Oct 2021	Class A Common Stock	31		Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-553	-2.8%	$0.000000	19,355	15 Oct 2021	Class B Common Stock	553	$0.000000	Direct	F2, F7
transaction	WISH	Class B Common Stock	Options Exercise	$0	+553	+88%	$0.000000	1,184	15 Oct 2021	Class A Common Stock	553		Direct	F2, F4, F5
transaction	WISH	Class B Common Stock	Conversion of derivative security	$0	-1,184	-100%	$0.000000^*	0	15 Oct 2021	Class A Common Stock	1,184		Direct	F1, F4, F5

* 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 settlement of vested Restricted Stock Units ("RSUs"), into Class A Common Stock held of record by the Reporting Person
F2	This reported transaction represents the settlement of RSUs vested as of October 15, 2021.
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, 20% of the RSUs vested on August 20, 2019, with 1/60th of the RSUs vesting monthly thereafter for a period of 4 years.
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 sale 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 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.
F6	Each RSU represents a contingent right to receive one share of Issuer's Common B 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.
F7	Each RSU represents a contingent right to receive on 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.