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

Role
Director
Signature
/s/ Mariane Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Apr 15, 2023
Transactions value $
$0
Form type
4
Date filed
4/18/2023, 08:46 PM
Previous filing
Apr 11, 2023
Next filing
Apr 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WISH Class A Common Stock Options Exercise $0 +5.25K +582.04% $0.00 6.15K Apr 15, 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 -5.25K -100% $0.00* 0 Apr 15, 2023 Class A Common Stock 5.25K $0.00 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.