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

Role
10%+ Owner
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Aug 15, 2022
Transactions value $
-$103,899
Form type
4
Date filed
8/17/2022, 09:55 PM
Previous filing
Aug 16, 2022
Next filing
Aug 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 +171K +0.32% $0.00 53.8M Aug 15, 2022 Direct F1
transaction WISH Class A Common Stock Tax liability -$104K -62.6K -0.12% $1.66 53.7M 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 -13.6K -100% $0.00* 0 Aug 15, 2022 Class A Common Stock 13.6K $0.00 Direct F3, F4
transaction WISH Restricted Stock Unit Options Exercise $0 -135K -100% $0.00* 0 Aug 15, 2022 Class A Common Stock 135K $0.00 Direct F3, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -22.5K -100% $0.00* 0 Aug 15, 2022 Class A Common Stock 22.5K $0.00 Direct F3, F6
* 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 This reported transaction represents the settlement of RSUs vested as of August 15, 2022.
F4 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, 1/60th of the RSUs vest monthly beginning on February 1, 2018 for a period of 5 years.
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, 1/48th of the RSUs vest on a monthly basis beginning on October 23, 2018 for a period of 4 years.
F6 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. 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 continued 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. The vesting was pro-rated on a monthly basis pursuant to Mr. Szulczewski's resignation as a member of the Board of Directors on August 9, 2022.