Brett Just - Feb 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: Feb 15, 2023
Transactions value $: -$28,147
Form type: 4
Date filed: 2/17/2023, 06:06 PM
Previous filing: Jan 18, 2023
Next filing: Mar 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	+53.4K	+24.5%	$0.00	271K	Feb 15, 2023	Direct	F1
transaction	WISH	Class A Common Stock	Tax liability	-$28.1K	-29.8K	-10.98%	$0.95	242K	Feb 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	-25.45%	$0.00	410	Feb 15, 2023	Class A Common Stock	140	$0.00	Direct	F3, F4
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-93	-33.33%	$0.00	186	Feb 15, 2023	Class A Common Stock	93	$0.00	Direct	F3, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-615	-14.29%	$0.00	3.69K	Feb 15, 2023	Class A Common Stock	615	$0.00	Direct	F3, F6
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-799	-5%	$0.00	15.2K	Feb 15, 2023	Class A Common Stock	799	$0.00	Direct	F3, F7
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-4.42K	-10%	$0.00	39.8K	Feb 15, 2023	Class A Common Stock	4.42K	$0.00	Direct	F3, F8
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-18.4K	-25%	$0.00	55.1K	Feb 15, 2023	Class A Common Stock	18.4K	$0.00	Direct	F3, F9
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-28.9K	-20%	$0.00	116K	Feb 15, 2023	Class A Common Stock	28.9K	$0.00	Direct	F3, F10

* 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 February 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 February 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, 1/48th of the RSUs vest monthly for a period of 4 years beginning on May 1, 2019.
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 September 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 October 1, 2020.
F8	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, 6.25% of the RSUs will vest on a quarterly basis beginning on August 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 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 procedures the Company may prescribe at its discretion).
F9	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, 12.5% of the RSUs will vest on a quarterly basis beginning on February 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 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 procedures the Company may prescribe at its discretion).
F10	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, 1/8th of the RSUs will vest on May 15, 2022, with an additional 1/8th of the RSUs vesting on each Company Vesting Date thereafter. A "Company Vesting Date" means February 15, May 15, August 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 procedures the Company may prescribe at its discretion).