Shuyan (rachel) Wang - 15 Apr 2023 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role
Head of Data Science
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Issuer symbol
LOGC
Transactions as of
15 Apr 2023
Net transactions value
-$106
Form type
4
Filing time
18 Apr 2023, 20:50:05 UTC
Previous filing
17 Mar 2023
Next filing
01 May 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 +41 +152% $0.000000 68 15 Apr 2023 Direct F1, F2
transaction WISH Class A Common Stock Tax liability $106 -14 -21% $7.57 54 15 Apr 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 -41 -8.4% $0.000000 450 15 Apr 2023 Class A Common Stock 41 $0.000000 Direct F4, F5
* 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 Class A Common Stock. Subject to the Reporting Person's continued service, 25% of the RSUs vested on March 9, 2021, and an additional 1/36 of the remaining RSUs vest monthly thereafter for a period of 3 years.