Key facts
- This page summarizes Devang Shah's Form 4 filing for ContextLogic Inc. (LOGC).
- 8 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 17 Feb 2023, 18:11.
Devang Shah - 15 Feb 2023 Form 4 Insider Report for ContextLogic Inc. (LOGC)
- Reporting relationship
- GC, Sec, Chief Admin Officer
- Issuer ticker
- LOGC
- Reported as of
- 15 Feb 2023
- Net transaction value
- -$196,610
- SEC form
- 4
- Accepted by SEC
- 17 Feb 2023, 18:11:22 UTC
- Prior SEC filing
- 18 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Marianne Lewis, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Devang Shah filed Form 4 for ContextLogic Inc. (LOGC) on 17 Feb 2023.
Change
- Previous filing in this sequence was filed on 18 Jan 2023.
- Current net transaction value: -$196,610.
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
Options Exercise
- Transaction value
- $0
- Shares
- +410,459
- Change %
- +123%
- Price
- $0.000000
- Shares after
- 744,380
- Date
- 15 Feb 2023
- Ownership
- Direct
- Footnotes
- F1
WISH
transaction
Class A Common Stock
Tax liability
- Transaction value
- $196,610
- Shares
- -208,031
- Change %
- -28%
- Price
- $0.9451
- Shares after
- 536,349
- Date
- 15 Feb 2023
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -9,570
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 15 Feb 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,570
- Exercise price
- $0.000000
- Footnotes
- F3, F4
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -7,870
- Change %
- -33%
- Price
- $0.000000
- Shares after
- 15,740
- Date
- 15 Feb 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 7,870
- Exercise price
- $0.000000
- Footnotes
- F4, F5
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -5,208
- Change %
- -5%
- Price
- $0.000000
- Shares after
- 98,968
- Date
- 15 Feb 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,208
- Exercise price
- $0.000000
- Footnotes
- F4, F6
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -14,740
- Change %
- -10%
- Price
- $0.000000
- Shares after
- 132,666
- Date
- 15 Feb 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 14,740
- Exercise price
- $0.000000
- Footnotes
- F4, F7
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -154,321
- Change %
- -11%
- Price
- $0.000000
- Shares after
- 1,234,568
- Date
- 15 Feb 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 154,321
- Exercise price
- $0.000000
- Footnotes
- F4, F8
WISH
transaction
Derivative
Restricted Stock Unit
Options Exercise
- Transaction value
- $0
- Shares
- -218,750
- Change %
- -12%
- Price
- $0.000000
- Shares after
- 1,531,250
- Date
- 15 Feb 2023
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 218,750
- Exercise price
- $0.000000
- Footnotes
- F4, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 9 footnotes
Footnote F1
The Reporting Person received restricted stock units ("RSUs") which represent a contingent right to receive on share of Issuer's Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of February 15, 2023.
Footnote F2
Represents the number of shares held by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
Footnote F3
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, 20% of the RSUs vested on February 5, 2019, and 1/60th of the RSUs vest monthly thereafter for a period of 4 years.
Footnote F4
This reported transaction represents the settlement of RSUs vested as of February 15, 2023.
Footnote 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, the RSUs vest on a monthly basis over a period of 4 years beginning on May 1, 2019, with 10% of the total RSUs vesting over the first year, 20% of the total vesting over the second year, 30% of the total vesting over the third year, and 40% of the total vesting over the fourth year.
Footnote 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 employment, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years.
Footnote F7
Subject to the reporting person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on August 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
Footnote F8
Subject to the Reporting Person's continuous service, 1/12th of the RSUs will vest on a quarterly basis beginning on May 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
Footnote F9
Subject to the Reporting Person's continuous service, 1/8th of the RSUs will vest on a quarterly basis beginning on November 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).