Brett Just - 15 Dec 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 Dec 2022
Net transactions value: -$731
Form type: 4
Filing time: 19 Dec 2022, 18:42:09 UTC
Previous filing: 17 Nov 2022
Next filing: 18 Jan 2023
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	+2,406	+1.1%	$0.000000	218,030	15 Dec 2022	Direct	F1, F2
transaction	WISH	Class A Common Stock	Tax liability	$731	-1,195	-0.55%	$0.6115	216,835	15 Dec 2022	Direct	F3

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	-130	-16%	$0.000000	690	15 Dec 2022	Class A Common Stock	130	$0.000000	Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-770	-50%	$0.000000	780	15 Dec 2022	Class A Common Stock	770	$0.000000	Direct	F4, F6
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-92	-20%	$0.000000	372	15 Dec 2022	Class A Common Stock	92	$0.000000	Direct	F4, F7
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-615	-11%	$0.000000	4,920	15 Dec 2022	Class A Common Stock	615	$0.000000	Direct	F4, F8
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-799	-4.5%	$0.000000	16,779	15 Dec 2022	Class A Common Stock	799	$0.000000	Direct	F4, F9

* 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 December 15, 2022.
F2	Includes 2,500 shares acquired under ContextLogic's employee stock purchase plan on November 18, 2022.
F3	Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
F4	This reported transaction represents the settlement of RSUs vested as of December 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, 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.
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, 25% of the RSUs vested on January 1, 2020, and 1/36th of the RSUs vest monthly thereafter for a period of 3 years.
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 May 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 September 1, 2019.
F9	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.