Piotr Szulczewski - Oct 5, 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
Oct 5, 2022
Transactions value $
-$908,195
Form type
4
Date filed
10/7/2022, 06:50 PM
Previous filing
Oct 6, 2022
Next filing
Oct 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WISH Class A Common Stock Options Exercise $373K +2.5M +6.76% $0.15 39.5M Oct 5, 2022 Direct
transaction WISH Class A Common Stock Tax liability -$1.28M -1.49M -3.77% $0.86 38M Oct 5, 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 Stock Option (right to buy) Options Exercise $0 -2.5M -29.85% $0.00 5.88M Oct 5, 2022 Class A Common Stock 2.5M $0.15 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a cashless exercise of outstanding stock options to purchase shares of Class A Common Stock. The Reporting Person received 1,010,993 shares of Class A Common Stock and surrendered 1,489,007 shares of Class A Common Stock underlying the stock option in payment of the exercise price and tax withholding obligations.
F2 Options granted under the ContextLogic Inc. 2010 Stock Plan. The option shares vested and became exercisable with respect to 1/48th of the total shares monthly beginning on December 17, 2013.