Ying Vivian Liu - 10 Nov 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role
Chief Financial Officer
Signature
/s/ Renee Jackson, Attorney-in-Fact
Issuer symbol
LOGC
Transactions as of
10 Nov 2021
Net transactions value
$0
Form type
4
Filing time
12 Nov 2021, 17:36:57 UTC
Next filing
17 Feb 2022
SEC
View on sec.gov

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 Award $0 +2,950,311 $0.000000 2,950,311 10 Nov 2021 Class A Common Stock 2,950,311 Direct F1, F2
transaction WISH Restricted Stock Unit Award $0 +329,969 $0.000000 329,969 10 Nov 2021 Class A Common Stock 329,969 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU.
F2 Subject to the Reporting Person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on February 15, 2022 (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).
F3 Subject to the Reporting Person's continuous service, 25% of the RSUs will vest on a quarterly basis beginning on February 15, 2022 (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).