Julie Mb Bradley - 09 Aug 2022 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: Director
Signature: /s/ Marianne Lewis - Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 09 Aug 2022
Net transactions value: $0
Form type: 4
Filing time: 11 Aug 2022, 19:53:04 UTC
Previous filing: 16 Jun 2022
Next filing: 11 Apr 2023
SEC: View on sec.gov

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	+27,777	+111%	$0.000000	52,712	09 Aug 2022	Direct	F1

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	-27,777	-100%	$0.000000^*	0	09 Aug 2022	Class A Common Stock	27,777		Direct	F1, F2
transaction	WISH	Restricted Stock Unit	Award	$0	+83,333		$0.000000	83,333	09 Aug 2022	Class A Common Stock	83,333		Direct	F3

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

Explanation of Responses:

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.