Devang Shah - Sep 15, 2022 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role
GC, Sec, Chief Admin Officer
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Sep 15, 2022
Transactions value $
-$12,123
Form type
4
Date filed
9/19/2022, 09:04 PM
Previous filing
Jan 18, 2023
Next filing
Oct 18, 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 +22.6K +11.08% $0.00 227K Sep 15, 2022 Direct F1
transaction WISH Class A Common Stock Tax liability -$12.1K -11.2K -4.94% $1.08 216K Sep 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 -9.56K -16.66% $0.00 47.8K Sep 15, 2022 Class A Common Stock 9.56K $0.00 Direct F3, F4
transaction WISH Restricted Stock Unit Options Exercise $0 -7.87K -12.5% $0.00 55.1K Sep 15, 2022 Class A Common Stock 7.87K $0.00 Direct F4, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -5.21K -4% $0.00 125K Sep 15, 2022 Class A Common Stock 5.21K $0.00 Direct F4, 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 on share of Issuer's 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 held 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 February 5, 2019, and 1/60th of the RSUs vest monthly thereafter for a period of 4 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, the RSUs vest on a monthly basis over a period of 4 years beginning on May 1, 2019, with 10% of the total RSUs vesting over the first year, 20% of the total vesting over the second year, 30% of the total vesting over the third year, and 40% of the total vesting over the fourth year.
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 employment, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years.