Brett Just - 15 Jul 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 Jul 2023
Net transactions value: -$205
Form type: 4
Filing time: 18 Jul 2023, 18:50:51 UTC
Previous filing: 20 Jun 2023
Next filing: 19 Sep 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	+47	+0.51%	$0.000000	9,230	15 Jul 2023	Direct	F1
transaction	WISH	Class A Common Stock	Tax liability	$205	-24	-0.26%	$8.55	9,206	15 Jul 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%	$0.000000	20	15 Jul 2023	Class A Common Stock	20	$0.000000	Direct	F3, F4
transaction	WISH	Restricted Stock Unit	Options Exercise	$0	-27	-6.8%	$0.000000	372	15 Jul 2023	Class A Common Stock	27	$0.000000	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.