Vijay Talwar - Feb 1, 2022 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role
Chief Executive Officer, Director
Signature
/s/ Renee Jackson, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Feb 1, 2022
Transactions value $
$0
Form type
4
Date filed
2/1/2022, 04:47 PM
Previous filing
May 17, 2021
Next filing
Feb 15, 2023

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 +4.63M $0.00 4.63M Feb 1, 2022 Class A Common Stock 4.63M Direct F1, F2, F3
transaction WISH Stock Option (Right to Buy) Award $0 +6.49M $0.00 6.49M Feb 1, 2022 Class A Common Stock 6.49M $2.86 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units ("RSUs") and stock option represent inducement grants under the Company's 2022 New Employee Equity Incentive Plan.
F2 The Reporting Person was granted RSUs which represent a contingent right to receive one share of Company's Class A Common Stock for each RSU.
F3 Subject to the Reporting Person's continuous service, 25% of the RSUs will vest on February 15, 2023, with an additional 1/12th of the remaining RSUs vesting on each Company Vesting Date thereafter. A "Company Vesting Date" means 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).
F4 Subject to the Reporting Person's continuous service, 1/16th of the shares subject to the stock option vest on each Company Vesting Date beginning on May 15, 2022. A "Company Vesting Date" means February 15, May 15, August 15, or November 15.