Tanzeen Syed - 15 Apr 2023 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: Director
Signature: /s/ Mariane Lewis, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 15 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 18 Apr 2023, 20:46:13 UTC
Previous filing: 11 Apr 2023
Next filing: 12 Apr 2024
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	+5,250	+582%	$0.000000	6,152	15 Apr 2023	Direct	F1, 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	-5,250	-100%	$0.000000^*	0	15 Apr 2023	Class A Common Stock	5,250	$0.000000	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted 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 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	This reported transaction represents the settlement of RSUs vested as of April 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, the RSUs will vest in full on the earlier of the one-year anniversary of the date of grant or on the date of the regular meeting of the Issuer's stockholders following the date of grant.