Devang Shah - 02 Nov 2022 Form 4/A - Amendment 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
02 Nov 2022
Net transactions value
$0
Form type
4/A - Amendment
Filing time
21 Nov 2022, 17:26:12 UTC
Date Of Original Report
07 Nov 2022
Previous filing
18 Oct 2022
Next filing
18 Jan 2023
SEC
View on sec.gov

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 Award $0 +1,750,000 $0.000000 1,750,000 02 Nov 2022 Class A Common Stock 1,750,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU.
F2 Subject to the Reporting Person's continuous service, 1/8th of the RSUs will vest on a quarterly basis beginning on November 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 the procedures of the Company may prescribe at its discretion).

Remarks:

The purpose of this amendment to the Form 4 filed on November 7, 2022 (the "Original Form 4") is to correct the RSU grant vesting schedule provided in Table II Section 6 of the Original Form 4.