Pai Liu - 15 Aug 2022 Form 4/A - Amendment Insider Report for ContextLogic Inc. (LOGC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4/A - Amendment
Accepted by SEC
18 Jan 2023, 15:38:36 UTC
Original report date
17 Aug 2022
Prior SEC filing
11 Aug 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Marianne Lewis, Attorney-in-Fact

Key filing fact

Pai Liu filed Form 4/A - Amendment for ContextLogic Inc. (LOGC) on 18 Jan 2023.

Key facts

  • This page summarizes Pai Liu's Form 4/A - Amendment filing for ContextLogic Inc. (LOGC).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 18 Jan 2023, 15:38.

Change

  • Previous filing in this sequence was filed on 11 Aug 2022.
  • Current net transaction value: -$244,447.

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/A - Amendment 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

Options Exercise

Transaction value
$0
Shares
+283,120
Change %
+5713%
Price
$0.000000
Shares after
288,076
Date
15 Aug 2022
Ownership
Direct
Footnotes
F1, F2
WISH transaction

Class A Common Stock

Tax liability

Transaction value
$244,447
Shares
-147,257
Change %
-51%
Price
$1.66
Shares after
140,819
Date
15 Aug 2022
Ownership
Direct
Footnotes
F1, F3

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
-115,741
Change %
-9.1%
Price
$0.000000
Shares after
1,157,407
Date
15 Aug 2022
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
115,741
Exercise price
$0.000000
Footnotes
F1, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Pai Liu is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

On August 17, 2022, the Reporting Person filed a Form 4 that inadvertently stated the incorrect number of shares settled and withheld, and those numbers are corrected in this Form 4.

Footnote F2

This number reflects the corrected number of aggregate Restricted Stock Units ("RSUs") settled as of August 15, 2022.

Footnote F3

Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs reported on the original Form 4, as adjusted for the correction noted in this Form 4 filing.

Footnote F4

This reported transaction represents the settlement of RSUs vested as of August 15, 2022.

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 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, April 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 the procedures the Company may prescribe at its discretion).

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