Devang Shah - 15 Oct 2022 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: GC, Sec, Chief Admin Officer
Signature: /s/ Marianne Lewis, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 15 Oct 2022
Net transactions value: -$7,745
Form type: 4
Filing time: 18 Oct 2022, 19:47:35 UTC
Previous filing: 19 Sep 2022
Next filing: 21 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	+22,638	+10%	$0.000000	238,433	15 Oct 2022	Direct	F1
transaction	WISH	Class A Common Stock	Tax liability	$7,745	-11,225	-4.7%	$0.6900	227,208	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	-9,560	-20%	$0.000000	38,250	15 Oct 2022	Class A Common Stock	9,560	$0.000000	Direct	F3, F4
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-7,870	-14%	$0.000000	47,220	15 Oct 2022	Class A Common Stock	7,870	$0.000000	Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-5,208	-4.2%	$0.000000	119,800	15 Oct 2022	Class A Common Stock	5,208	$0.000000	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 October 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 October 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.