Devang Shah - 15 Jan 2023 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 Jan 2023
Net transactions value: -$8,023
Form type: 4
Filing time: 18 Jan 2023, 19:22:06 UTC
Previous filing: 19 Dec 2022
Next filing: 17 Feb 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	+7%	$0.000000	346,264	15 Jan 2023	Direct	F1
transaction	WISH	Class A Common Stock	Tax liability	$8,023	-12,343	-3.6%	$0.6500	333,921	15 Jan 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	-9,560	-50%	$0.000000	9,570	15 Jan 2023	Class A Common Stock	9,560	$0.000000	Direct	F3, F4
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-7,870	-25%	$0.000000	23,610	15 Jan 2023	Class A Common Stock	7,870	$0.000000	Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-5,208	-4.8%	$0.000000	104,176	15 Jan 2023	Class A Common Stock	5,208	$0.000000	Direct	F4, F6

* 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 January 15, 2023.
F2	Represents the number of shares held by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
F3	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.
F4	This reported transaction represents the settlement of RSUs vested as of January 15, 2023.
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, 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.
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 employment, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years.