Piotr Szulczewski - 05 Oct 2022 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: 10%+ Owner
Signature: /s/ Marianne Lewis, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 05 Oct 2022
Net transactions value: -$908,195
Form type: 4
Filing time: 07 Oct 2022, 18:50:27 UTC
Previous filing: 06 Oct 2022
Next filing: 12 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	$372,500	+2,500,000	+6.8%	$0.1490	39,478,904	05 Oct 2022	Direct
transaction	WISH	Class A Common Stock	Tax liability	$1,280,695	-1,489,007	-3.8%	$0.8601	37,989,897	05 Oct 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	-2,500,000	-30%	$0.000000	5,875,000	05 Oct 2022	Class A Common Stock	2,500,000	$0.1490	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.