Brett Just - 15 Nov 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 Nov 2022
Net transactions value
-$21,487
Form type
4
Filing time
17 Nov 2022, 16:34:31 UTC
Previous filing
18 Oct 2022
Next filing
19 Dec 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 +54,166 +29% $0.000000 239,983 15 Nov 2022 Direct F1
transaction WISH Class A Common Stock Tax liability $21,487 -26,859 -11% $0.8000 213,124 15 Nov 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 -15% $0.000000 820 15 Nov 2022 Class A Common Stock 140 $0.000000 Direct F3, F4
transaction WISH Restricted Stock Unit Options Exercise $0 -780 -33% $0.000000 1,550 15 Nov 2022 Class A Common Stock 780 $0.000000 Direct F3, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -92 -17% $0.000000 464 15 Nov 2022 Class A Common Stock 92 $0.000000 Direct F3, F6
transaction WISH Restricted Stock Unit Options Exercise $0 -615 -10% $0.000000 5,535 15 Nov 2022 Class A Common Stock 615 $0.000000 Direct F3, F7
transaction WISH Restricted Stock Unit Options Exercise $0 -799 -4.3% $0.000000 17,578 15 Nov 2022 Class A Common Stock 799 $0.000000 Direct F3, F8
transaction WISH Restricted Stock Unit Options Exercise $0 -4,422 -9.1% $0.000000 44,222 15 Nov 2022 Class A Common Stock 4,422 $0.000000 Direct F3, F9
transaction WISH Restricted Stock Unit Options Exercise $0 -18,383 -20% $0.000000 73,529 15 Nov 2022 Class A Common Stock 18,383 $0.000000 Direct F3, F10
transaction WISH Restricted Stock Unit Options Exercise $0 -28,935 -17% $0.000000 144,676 15 Nov 2022 Class A Common Stock 28,935 $0.000000 Direct F3, F11
* 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 November 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 November 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 RSUs 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.
F9 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on August 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the reporting person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
F10 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 12.5% of the RSUs will vest on a quarterly basis beginning on February 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
F11 Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 1/8th of the RSUs will vest on May 15, 2022, with an additional 1/8th of the RSUs vesting on each Company Vesting Date thereafter. A "Company Vesting Date" means February 15, May 15, August 15, or November 15. Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).