Hans Tung - Jun 7, 2022 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role
Director
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Jun 7, 2022
Transactions value $
$0
Form type
4
Date filed
6/9/2022, 05:49 PM
Previous filing
Jun 6, 2022
Next filing
Jun 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WISH Class A Common Stock Options Exercise $0 +24.7K $0.00 24.7K Jun 7, 2022 Direct
holding WISH Class A Common Stock 24.4M Jun 7, 2022 By GGV Capital IV, L.P. F1
holding WISH Class A Common Stock 518K Jun 7, 2022 By GGV Capital IV Entrepreneurs Fund L.P. F2
holding WISH Class A Common Stock 5.9M Jun 7, 2022 By GGV Capital Select L.P. F3

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 -24.7K -100% $0.00* 0 Jun 7, 2022 Class A Common Stock 24.7K $0.00 Direct F4, F5
transaction WISH Restricted Stock Unit Award $0 +144K $0.00 144K Jun 7, 2022 Class A Common Stock 144K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares are held directly by GGV Capital IV, L.P. The Reporting Person is a Managing Partner of GGV Capital IV L.L.C., which is the general partner of GGV Capital IV, L.P., and the Reporting Person may be deemed to share voting and investment powers with regard to the securities held directly by such entities.
F2 The shares are held directly by GGV Capital IV Entrepreneurs Fund L.P. The Reporting Person is a Managing Partner of GGV Capital IV L.L.C., which is the general partner of GGV Capital IV Entrepreneurs Fund L.P., and the Reporting Person may be deemed to share voting and investment powers with regard to the securities held directly by such entities.
F3 The shares are held directly by GGV Capital Select L.P. The Reporting Person is a Managing Partner of GGV Capital Select L.L.C, which is the general partner of GGV Capital Select L.P., and the Reporting Person may be deemed to share voting and investment powers with regard to the securities held directly by such entities.
F4 Subject to the Reporting Person's continuous service, the restricted stock units ("RSUs") will vest in full on the earlier of the one-year anniversary of the date of grant or on the date of the regular annual meeting of the Issuer's stockholders following the date of grant.
F5 This reported transaction represents the settlement of RSUs vested as of June 7, 2022.
F6 The Reporting Person was granted RSUs which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU. The RSUs were granted in connection with the Reporting Person's service as a member of the Board of Directors of the Issuer. Subject to the Reporting Person's continuous service, the RSUs will vest in full on the earlier of the one-year anniversary of the date of grant or on the date of the regular annual meeting of the Issuer's stockholders following the date of grant.