Brett Just - 15 Oct 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 Oct 2022
Net transactions value: -$828
Form type: 4
Filing time: 18 Oct 2022, 19:46:07 UTC
Previous filing: 19 Sep 2022
Next filing: 17 Nov 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	+2,416	+1.3%	$0.000000	187,017	15 Oct 2022	Direct	F1
transaction	WISH	Class A Common Stock	Tax liability	$828	-1,200	-0.64%	$0.6900	185,817	15 Oct 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	-140	-13%	$0.000000	960	15 Oct 2022	Class A Common Stock	140	$0.000000	Direct	F3, F4
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-770	-25%	$0.000000	2,330	15 Oct 2022	Class A Common Stock	770	$0.000000	Direct	F3, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-92	-14%	$0.000000	556	15 Oct 2022	Class A Common Stock	92	$0.000000	Direct	F3, F6
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-615	-9.1%	$0.000000	6,150	15 Oct 2022	Class A Common Stock	615	$0.000000	Direct	F3, F7
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-799	-4.2%	$0.000000	18,377	15 Oct 2022	Class A Common Stock	799	$0.000000	Direct	F3, F8

* 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 October 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 October 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, 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.
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, 25% of the RSUs vested on January 1, 2020, and 1/36th of the RSUs vest monthly thereafter for a period of 3 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, 1/48th of the vest monthly for a period of 4 years beginning on May 1, 2019.
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 RSUs vest monthly for a period of 4 years beginning on September 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 October 1, 2020.