Devang Shah - May 15, 2022 Form 4/A - Amendment Insider Report for ContextLogic Inc. (WISH)

Role: GC, Sec, Chief Admin Officer
Signature: /s/ Marianne Lewis, Attorney-in-Fact
Stock symbol: WISH
Transactions as of: May 15, 2022
Transactions value $: -$220,768
Form type: 4/A - Amendment
Date filed: 1/18/2023, 03:27 PM
Date Of Original Report: May 17, 2022
Previous filing: Apr 20, 2022
Next filing: May 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WISH	Class A Common Stock	Options Exercise	$0	+154K	+29.29%	$0.00	681K	May 15, 2022	Direct	F1
transaction	WISH	Class A Common Stock	Tax liability	-$221K	-143K	-21.05%	$1.54	538K	May 15, 2022	Direct	F1, 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	-154K	-8.33%	$0.00	1.7M	May 15, 2022	Class A Common Stock	154K	$0.00	Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On May 17, 2022, the Reporting Person filed a Form 4 that inadvertently stated the incorrect number of shares settled and withheld, and those numbers are corrected in this Form 4.
F2	Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of Restricted Stock Units ("RSUs") reported on the original Form 4, as adjusted for the correction noted in this Form 4 filing.
F3	This reported transaction represents the settlement of RSUs vested as of May 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 continuous service, 1/12th of the RSUs will vest on a quarterly basis beginning on May 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, April 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 the Company may prescribe at its discretion).