Brett Just - Jul 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
Jul 15, 2023
Transactions value $
-$205
Form type
4
Date filed
7/18/2023, 06:50 PM
Previous filing
Jun 20, 2023
Next filing
Sep 19, 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 +47 +0.51% $0.00 9.23K Jul 15, 2023 Direct F1
transaction WISH Class A Common Stock Tax liability -$205 -24 -0.26% $8.55 9.21K Jul 15, 2023 Direct 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 -20 -50% $0.00 20 Jul 15, 2023 Class A Common Stock 20 $0.00 Direct F3, F4
transaction WISH Restricted Stock Unit Options Exercise $0 -27 -6.77% $0.00 372 Jul 15, 2023 Class A Common Stock 27 $0.00 Direct F3, 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 July 15, 2023.
F2 Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
F3 This reported transaction represents the settlement of RSUs vested as of July 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, 1/48th of the RSUs vest monthly for a period of 4 years beginning on September 1, 2019.
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 October 1, 2020.