Key facts
- This page summarizes Rajat Bahri's Form 4 filing for ContextLogic Inc. (LOGC).
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 21 Jul 2021, 19:37.
Rajat Bahri - 19 Jul 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- LOGC
- Reported as of
- 19 Jul 2021
- Net transaction value
- -$248,607
- SEC form
- 4
- Accepted by SEC
- 21 Jul 2021, 19:37:27 UTC
- Prior SEC filing
- 19 Jul 2021
- Next SEC filing
- 23 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Renee Jackson, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Rajat Bahri filed Form 4 for ContextLogic Inc. (LOGC) on 21 Jul 2021.
Change
- Previous filing in this sequence was filed on 19 Jul 2021.
- Current net transaction value: -$248,607.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
WISH
transaction
Class A Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- +27,607
- Change %
- +3.3%
- Price
- $0.000000
- Shares after
- 864,599
- Date
- 19 Jul 2021
- Ownership
- Direct
- Footnotes
- F1
WISH
transaction
Class A Common Stock
Sale
- Transaction value
- $248,607
- Shares
- -27,607
- Change %
- -3.2%
- Price
- $9.01
- Shares after
- 836,992
- Date
- 19 Jul 2021
- Ownership
- Direct
- Footnotes
- F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WISH
transaction
Derivative
Class B Common Stock
Conversion of derivative security
- Transaction value
- $0
- Shares
- -27,607
- Change %
- -10%
- Price
- $0.000000
- Shares after
- 243,566
- Date
- 19 Jul 2021
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 27,607
- Exercise price
- Footnotes
- F1, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Represents the number of shares of Class A Common Stock that were acquired by the Reporting Person upon conversion of Class B Common Stock shares for purposes of selling to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs").
Footnote F2
The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholdings obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
Footnote F3
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices with the range of $9.00 to $9.235, inclusive. The Reporting Person undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Footnote F4
All shares of Class B common stock will automatically convert, on a one-for-one basis, into shares of Class A common stock on the earliest of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the 7-year anniversary of the closing date of the issuer's initial public offering, (iii) the date on which the number of outstanding shares of Class B common stock represents less than 5% of the aggregate combined number of outstanding shares of Class A common stock and Class B common stock, (iv) the date specified by a vote of the holders of a majority of the then outstanding shares of Class B common stock, or (v) a date that is between 90 and 270 days, as determined by the board of directors, after the death or permanent incapacity of the issuer's founder, CEO, and Chairperson.
Footnote F5
Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except certain permitted transfers