Brett Just - Apr 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
Apr 15, 2023
Transactions value $
-$212
Form type
4
Date filed
4/18/2023, 08:44 PM
Previous filing
Mar 17, 2023
Next filing
Aug 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 +54 +0.67% $0.00 8.13K Apr 15, 2023 Direct F1, F2
transaction WISH Class A Common Stock Tax liability -$212 -28 -0.34% $7.57 8.1K Apr 15, 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 -5 -55.56% $0.00 4 Apr 15, 2023 Class A Common Stock 5 $0.00 Direct F4, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -3 -100% $0.00* 0 Apr 15, 2023 Class A Common Stock 3 $0.00 Direct F4, F6
transaction WISH Restricted Stock Unit Options Exercise $0 -20 -19.61% $0.00 82 Apr 15, 2023 Class A Common Stock 20 $0.00 Direct F4, F7
transaction WISH Restricted Stock Unit Options Exercise $0 -26 -5.43% $0.00 453 Apr 15, 2023 Class A Common Stock 26 $0.00 Direct F4, 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 April 15, 2023.
F2 Reflects shares adjusted to give effect to a 1-for-30 reverse stock split which was effective April 12, 2023.
F3 Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
F4 This reported transaction represents the settlement of RSUs vested as of April 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, 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.
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.