Jennifer Oliver - 15 Oct 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Reporting relationship: Interim Co-CFO
Issuer ticker: LOGC
Reported as of: 15 Oct 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 19 Oct 2021, 20:36:06 UTC
Prior SEC filing: 21 Sep 2021
Next SEC filing: 20 Oct 2021
Source filing: View source filing
Reporting owner signature: /s/ Renee Jackson, Attorney-in-Fact

Key filing fact

Jennifer Oliver filed Form 4 for ContextLogic Inc. (LOGC) on 19 Oct 2021.

Key facts

This page summarizes Jennifer Oliver's Form 4 filing for ContextLogic Inc. (LOGC).
10 reported transactions and 9 derivative rows are listed below.
Accepted by SEC: 19 Oct 2021, 20:36.

Change

Previous filing in this sequence was filed on 21 Sep 2021.
Current net transaction value: $0.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

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: +1,184
Change %: +6.3%
Price: $0.000000
Shares after: 19,847
Date: 15 Oct 2021
Ownership: Direct
Footnotes: F1

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: -290
Change %: -4.1%
Price: $0.000000
Shares after: 6,700
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 290
Exercise price: $0.000000
Footnotes: F2, F3

WISH transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +290
Change %
Price: $0.000000
Shares after: 290
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 290
Exercise price
Footnotes: F4, F5

WISH transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -310
Change %: -6.2%
Price: $0.000000
Shares after: 4,650
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 310
Exercise price: $0.000000
Footnotes: F2, F5

WISH transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +310
Change %: +107%
Price: $0.000000
Shares after: 600
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 310
Exercise price
Footnotes: F4, F5

WISH transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -31
Change %: -5.2%
Price: $0.000000
Shares after: 570
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 31
Exercise price: $0.000000
Footnotes: F2, F6

WISH transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +31
Change %: +5.2%
Price: $0.000000
Shares after: 631
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 31
Exercise price
Footnotes: F4, F5

WISH transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value: $0
Shares: -553
Change %: -2.8%
Price: $0.000000
Shares after: 19,355
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 553
Exercise price: $0.000000
Footnotes: F2, F7

WISH transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +553
Change %: +88%
Price: $0.000000
Shares after: 1,184
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 553
Exercise price
Footnotes: F2, F4, F5

WISH transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -1,184
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 15 Oct 2021
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 1,184
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 7 footnotes

Footnote F1

Represents the conversion of Class B Common Stock, issued upon settlement of vested Restricted Stock Units ("RSUs"), into Class A Common Stock held of record by the Reporting Person

Footnote F2

This reported transaction represents the settlement of RSUs vested as of October 15, 2021.

Footnote F3

Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 20% of the RSUs vested on August 20, 2019, with 1/60th of the RSUs vesting monthly thereafter for a period of 4 years.

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 sale 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.

Footnote F6

Each RSU represents a contingent right to receive one share of Issuer's Common B Stock. Subject to the reporting person's continued service, 1/48th of the RSUs vest monthly beginning on May 1, 2019 for a period of 4 years.

Footnote F7

Each RSU represents a contingent right to receive on share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 25% of the RSUs vested on January 1, 2020, with 1/48th of the RSUs vesting monthly thereafter for a period of 3 years.