Devang Shah - 15 Dec 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 Dec 2022
Net transactions value: -$6,864
Form type: 4
Filing time: 19 Dec 2022, 18:43:55 UTC
Previous filing: 18 Jan 2023
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	+22,638	+6.8%	$0.000000	356,073	15 Dec 2022	Direct	F1, F2
transaction	WISH	Class A Common Stock	Tax liability	$6,864	-11,225	-3.2%	$0.6115	344,848	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	-9,560	-33%	$0.000000	19,130	15 Dec 2022	Class A Common Stock	9,560	$0.000000	Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-7,870	-20%	$0.000000	31,480	15 Dec 2022	Class A Common Stock	7,870	$0.000000	Direct	F5, F6
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-5,208	-4.5%	$0.000000	109,384	15 Dec 2022	Class A Common Stock	5,208	$0.000000	Direct	F5, F7

* 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 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 held by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
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 February 5, 2019, and 1/60th of the RSUs vest monthly thereafter for a period of 4 years.
F5	This reported transaction represents the settlement of RSUs vested as of December 15, 2022.
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, 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.
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 employment, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years.