Jun Yan - 15 Feb 2024 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
20 Feb 2024, 18:30:26 UTC
Prior SEC filing
17 Nov 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Marianne Lewis, Attorney-in-Fact

Key filing fact

Jun Yan filed Form 4 for ContextLogic Inc. (LOGC) on 20 Feb 2024.

Key facts

  • This page summarizes Jun Yan's Form 4 filing for ContextLogic Inc. (LOGC).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 20 Feb 2024, 18:30.

Change

  • Previous filing in this sequence was filed on 17 Nov 2023.
  • Current net transaction value: -$55,753.

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

Options Exercise

Transaction value
$0
Shares
+20,833
Change %
+25%
Price
$0.000000
Shares after
104,196
Date
15 Feb 2024
Ownership
Direct
Footnotes
F1
WISH transaction

Class A Common Stock

Tax liability

Transaction value
$55,753
Shares
-8,151
Change %
-7.8%
Price
$6.84
Shares after
96,045
Date
15 Feb 2024
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
-20,833
Change %
-20%
Price
$0.000000
Shares after
83,334
Date
15 Feb 2024
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
20,833
Exercise price
$0.000000
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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 February 15, 2024.

Footnote F2

Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.

Footnote F3

This reported transaction represents the settlement of RSUs vested as of February 15, 2024.

Footnote F4

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).

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