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

Role: SVP, Finance
Signature: /s/ Marianne Lewis, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 15 Jun 2023
Net transactions value: -$198
Form type: 4
Filing time: 20 Jun 2023, 18:54:24 UTC
Previous filing: 17 May 2023
Next filing: 18 Jul 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	+48	+0.52%	$0.000000	9,208	15 Jun 2023	Direct	F1, F2
transaction	WISH	Class A Common Stock	Tax liability	$198	-25	-0.27%	$7.90	9,183	15 Jun 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%	$0.000000	40	15 Jun 2023	Class A Common Stock	21	$0.000000	Direct	F4, F5
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-27	-6.3%	$0.000000	399	15 Jun 2023	Class A Common Stock	27	$0.000000	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.