Stephanie Tilenius - May 22, 2022 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role: Director
Signature: /s/ Marianne Lewis, Attorney-in-Fact
Stock symbol: WISH
Transactions as of: May 22, 2022
Transactions value $: -$29,718
Form type: 4
Date filed: 5/31/2022, 04:31 PM
Previous filing: Dec 13, 2021
Next filing: Jun 9, 2022

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	+27.8K		$0.00	27.8K	May 22, 2022	Direct	F1, F2
transaction	WISH	Class A Common Stock	Sale	-$29.7K	-18K	-64.8%	$1.65	9.78K	May 26, 2022	Direct

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	Class B Common Stock	Conversion of derivative security	$0	-27.8K	-100%	$0.00^*	0	May 22, 2022	Class A Common Stock	27.8K		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is being filed late due to inadvertent administrative error.
F2	Represents the conversion of Class B Common Stock into Class A Common Stock held of record by the Reporting Person.
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.