Ying Vivian Liu - 15 Feb 2023 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: Chief Financial Officer
Signature: /s/ Marianne Lewis, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 15 Feb 2023
Net transactions value: -$128,534
Form type: 4
Filing time: 17 Feb 2023, 18:09:18 UTC
Previous filing: 18 Jan 2023
Next filing: 10 Mar 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	+377,296	+42%	$0.000000	1,269,423	15 Feb 2023	Direct	F1, F2
transaction	WISH	Class A Common Stock	Tax liability	$128,534	-136,000	-11%	$0.9451	1,133,423	15 Feb 2023	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	-184,395	-8.3%	$0.000000	2,028,339	15 Feb 2023	Class A Common Stock	184,395	$0.000000	Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-192,901	-11%	$0.000000	1,543,210	15 Feb 2023	Class A Common Stock	192,901	$0.000000	Direct	F5, 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 one share of Issuer's Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of February 15, 2023.
F2	Includes 2,500 shares acquired under ContextLogic's employee stock purchase plan on November 18, 2022.
F3	Represents the number of shares withheld 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 continuous service, 6.25% 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).
F5	This reported transaction represents the settlement of RSUs vested as of February 15, 2023.
F6	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 May 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 the procedures the Company my prescribe at its discretion).