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

Role
Interim Co-CFO
Signature
/s/ Renee Jackson, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Oct 15, 2021
Transactions value $
$0
Form type
4
Date filed
10/19/2021, 08:36 PM
Previous filing
Sep 21, 2021
Next filing
Oct 20, 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 $0 +1.18K +6.34% $0.00 19.8K Oct 15, 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 -4.15% $0.00 6.7K Oct 15, 2021 Class B Common Stock 290 $0.00 Direct F2, F3
transaction WISH Class B Common Stock Options Exercise $0 +290 $0.00 290 Oct 15, 2021 Class A Common Stock 290 Direct F4, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -310 -6.25% $0.00 4.65K Oct 15, 2021 Class B Common Stock 310 $0.00 Direct F2, F5
transaction WISH Class B Common Stock Options Exercise $0 +310 +106.9% $0.00 600 Oct 15, 2021 Class A Common Stock 310 Direct F4, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -31 -5.16% $0.00 570 Oct 15, 2021 Class B Common Stock 31 $0.00 Direct F2, F6
transaction WISH Class B Common Stock Options Exercise $0 +31 +5.17% $0.00 631 Oct 15, 2021 Class A Common Stock 31 Direct F4, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -553 -2.78% $0.00 19.4K Oct 15, 2021 Class B Common Stock 553 $0.00 Direct F2, F7
transaction WISH Class B Common Stock Options Exercise $0 +553 +87.64% $0.00 1.18K Oct 15, 2021 Class A Common Stock 553 Direct F2, F4, F5
transaction WISH Class B Common Stock Conversion of derivative security $0 -1.18K -100% $0.00* 0 Oct 15, 2021 Class A Common Stock 1.18K 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.