Brett Just - Jun 15, 2023 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role
SVP, Finance
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Jun 15, 2023
Transactions value $
-$198
Form type
4
Date filed
6/20/2023, 06:54 PM
Previous filing
May 17, 2023
Next filing
Jul 18, 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 +48 +0.52% $0.00 9.21K Jun 15, 2023 Direct F1, F2
transaction WISH Class A Common Stock Tax liability -$198 -25 -0.27% $7.90 9.18K Jun 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 -21 -34.43% $0.00 40 Jun 15, 2023 Class A Common Stock 21 $0.00 Direct F4, F5
transaction WISH Restricted Stock Unit Options Exercise $0 -27 -6.34% $0.00 399 Jun 15, 2023 Class A Common Stock 27 $0.00 Direct F4, 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 Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of June 15, 2023.
F2 Includes 166 shares acquired under ContextLogic's employee stock purchase plan on May 19, 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 June 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, 1/48th of the RSUs vest monthly for a period of 4 years beginning on September 1, 2019.
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 October 1, 2020.