Brett Just - 15 Sep 2022 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role
Chief Accounting Officer
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Issuer symbol
LOGC
Transactions as of
15 Sep 2022
Net transactions value
-$1,886
Form type
4
Filing time
19 Sep 2022, 21:02:37 UTC
Previous filing
17 Aug 2022
Next filing
18 Oct 2022
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 Options Exercise $0 +3,516 +1.9% $0.000000 186,347 15 Sep 2022 Direct F1
transaction WISH Class A Common Stock Tax liability $1,886 -1,746 -0.94% $1.08 184,601 15 Sep 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 -1,100 -100% $0.000000* 0 15 Sep 2022 Class A Common Stock 1,100 $0.000000 Direct F3, F4
transaction WISH Restricted Stock Unit Options Exercise $0 -130 -11% $0.000000 1,100 15 Sep 2022 Class A Common Stock 130 $0.000000 Direct F4, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -780 -20% $0.000000 3,100 15 Sep 2022 Class A Common Stock 780 $0.000000 Direct F4, F6
transaction WISH Restricted Stock Unit Options Exercise $0 -92 -12% $0.000000 648 15 Sep 2022 Class A Common Stock 92 $0.000000 Direct F4, F7
transaction WISH Restricted Stock Unit Options Exercise $0 -615 -8.3% $0.000000 6,765 15 Sep 2022 Class A Common Stock 615 $0.000000 Direct F4, F8
transaction WISH Restricted Stock Unit Options Exercise $0 -799 -4% $0.000000 19,176 15 Sep 2022 Class A Common Stock 799 $0.000000 Direct F4, F9
* 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 September 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 September 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.