Brett Just - Jan 15, 2023 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role
Chief Accounting Officer
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Jan 15, 2023
Transactions value $
-$882
Form type
4
Date filed
1/18/2023, 07:21 PM
Previous filing
Dec 19, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WISH Class A Common Stock Options Exercise $0 +2.43K +1.12% $0.00 219K Jan 15, 2023 Direct F1
transaction WISH Class A Common Stock Tax liability -$882 -1.36K -0.62% $0.65 218K Jan 15, 2023 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 -20.29% $0.00 550 Jan 15, 2023 Class A Common Stock 140 $0.00 Direct F3, F4
transaction WISH Restricted Stock Unit Options Exercise $0 -780 -100% $0.00* 0 Jan 15, 2023 Class A Common Stock 780 $0.00 Direct F3, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -93 -25% $0.00 279 Jan 15, 2023 Class A Common Stock 93 $0.00 Direct F3, F6
transaction WISH Restricted Stock Unit Options Exercise $0 -615 -12.5% $0.00 4.31K Jan 15, 2023 Class A Common Stock 615 $0.00 Direct F3, F7
transaction WISH Restricted Stock Unit Options Exercise $0 -799 -4.76% $0.00 16K Jan 15, 2023 Class A Common Stock 799 $0.00 Direct F3, F8
* 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 January 15, 2023.
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 January 15, 2023.
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.