Brett Just - Aug 15, 2022 Form 4 Insider Report for ContextLogic Inc. (WISH)

Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Aug 15, 2022
Transactions value $
-$75,364
Form type
4
Date filed
8/17/2022, 09:49 PM
Previous filing
Aug 11, 2022
Next filing
Sep 19, 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 +91.6K +66.99% $0.00 228K Aug 15, 2022 Direct F1
transaction WISH Class A Common Stock Tax liability -$75.4K -45.4K -19.89% $1.66 183K Aug 15, 2022 Direct F2

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 -1.09K -49.77% $0.00 1.1K Aug 15, 2022 Class A Common Stock 1.09K $0.00 Direct F3, F4
transaction WISH Restricted Stock Unit Options Exercise $0 -140 -10.22% $0.00 1.23K Aug 15, 2022 Class A Common Stock 140 $0.00 Direct F4, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -770 -16.56% $0.00 3.88K Aug 15, 2022 Class A Common Stock 770 $0.00 Direct F4, F6
transaction WISH Restricted Stock Unit Options Exercise $0 -92 -11.06% $0.00 740 Aug 15, 2022 Class A Common Stock 92 $0.00 Direct F4, F7
transaction WISH Restricted Stock Unit Options Exercise $0 -615 -7.69% $0.00 7.38K Aug 15, 2022 Class A Common Stock 615 $0.00 Direct F4, F8
transaction WISH Restricted Stock Unit Options Exercise $0 -798 -3.84% $0.00 20K Aug 15, 2022 Class A Common Stock 799 $0.00 Direct F4, F9
transaction WISH Restricted Stock Unit Options Exercise $0 -4.42K -8.33% $0.00 48.6K Aug 15, 2022 Class A Common Stock 4.42K $0.00 Direct F4, F10
transaction WISH Restricted Stock Unit Options Exercise $0 -36.3K -100% $0.00* 0 Aug 15, 2022 Class A Common Stock 36.3K $0.00 Direct F4, F11
transaction WISH Restricted Stock Unit Options Exercise $0 -18.4K -16.67% $0.00 91.9K Aug 15, 2022 Class A Common Stock 18.4K $0.00 Direct F4, F12
transaction WISH Restricted Stock Unit Options Exercise $0 -28.9K -14.29% $0.00 174K Aug 15, 2022 Class A Common Stock 28.9K $0.00 Direct F4, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of August 15, 2022.
F2 Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
F3 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continued service, 20% of the RSUs vested on September 5, 2018, and an additional 1/60th of the remaining RSUs vest monthly thereafter for a period of 5 years.
F4 This reported transaction represents the settlement of RSUs vested as of August 15, 2022.
F5 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continued service, 20% of the RSUs vested on May 1, 2019, and an additional 1/60th of the remaining RSUs vest monthly thereafter for a period of 5 years.
F6 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continued service, 25% of the RSUs vested on January 1, 2020, and 1/36th of the RSUs vest monthly thereafter for a period of 3 years.
F7 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continued service, 1/48th of the vest monthly for a period of 4 years beginning on May 1, 2019.
F8 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continued service, 1/48th of the RSUs vest monthly for a period of 4 years beginning on September 1, 2019.
F9 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continued service, 1/48th of the RSUs vest monthly for a period of 4 years beginning on October 1, 2020.
F10 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on August 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of 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).
F11 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 25% of the RSUs will vest on a quarterly basis beginning on November 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of 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).
F12 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 12.5% of the RSUs will vest on a quarterly basis beginning on February 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of 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).
F13 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 1/8th of the RSUs will vest on May 15, 2022, with an additional 1/8th of the 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).