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 | +111.4% | $0.00 | 52.7K | Aug 9, 2022 | Direct | F1 |
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 | Aug 9, 2022 | Class A Common Stock | 27.8K | Direct | F1, F2 | |
transaction | WISH | Restricted Stock Unit | Award | $0 | +83.3K | $0.00 | 83.3K | Aug 9, 2022 | Class A Common Stock | 83.3K | Direct | F3 |
Id | Content |
---|---|
F1 | Represents shares of Class A Common Stock that were acquired by the Reporting Person upon voluntary conversion of Class B Common Stock shares. |
F2 | Each share of Class B Common Stock automatically converted into one share of Class A Common Stock on August 9, 2022, which was the date on which the number of outstanding shares of Class B Common Stock represented less than 5% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock. |
F3 | The Reporting Person was issued restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU. 25% of the RSUs will vest annually beginning on October 14, 2021, subject to the Reporting Person's continuous service with the Issuer through each vesting date. On August 9, 2022, pursuant to the Issuer's Restated Certificate of Incorporation, all shares of Class B Common Stock automatically converted into shares of Class A Common Stock on a one-for-one basis. As a result, all RSUs for the purchase of shares of Class B Common Stock became exercisable for the same number of shares of Class A Common Stock. All other terms of the RSUs remain unchanged. |