Hadley Harbor Master Investors (Cayman) II L.P. 4
4 · ContextLogic Inc. · Filed Dec 18, 2020
Insider Transaction Report
Form 4
Transactions
- Conversion
Series G Preferred Stock
2020-12-18−5,574,840→ 0 total→ Class A Common Stock (5,574,840 underlying) - Conversion
Series H Preferred Stock
2020-12-18−589,710→ 0 total→ Class A Common Stock (589,710 underlying) - Conversion
Class A Common Stock
2020-12-18+5,574,840→ 5,574,840 total - Other
Class A Common Stock
2020-12-18+35,283→ 35,283 total - Conversion
Class A Common Stock
2020-12-18+589,710→ 589,710 total
Footnotes (2)
- [F1]Upon the closing of the Issuer's initial public offering, each share of Series G Preferred Stock and Series H Preferred Stock automatically converted into one share of the Issuer's Class A Common Stock. Each of the Series G Preferred Stock and Series H Preferred Stock had no expiration date.
- [F2]The Series H Redeemable Convertible Preferred Stock Purchase Agreement (the "Series H SPA") entered into by the Issuer with the purchasers of Series H Preferred Stock provided that, based on the initial public offering price of the Issuer's initial public offering, the holders of Series H Preferred Stock were entitled to receive, for no additional consideration, an additional number of shares of Class A Common Stock such that the value of the Class A Common Stock issued upon conversion of the Series H Preferred Stock in connection with such offering shall equal 150% of the aggregate consideration paid for the Series H Preferred Stock. The Issuer issued these shares to the reporting person in connection with the foregoing.