4//SEC Filing
Wang Shuyan (Rachel) 4
Accession 0000950170-23-043333
CIK 0001822250other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 9:21 PM ET
Size
16.6 KB
Accession
0000950170-23-043333
Insider Transaction Report
Form 4
Wang Shuyan (Rachel)
Head of Data Science
Transactions
- Exercise/Conversion
Restricted Stock Unit
2023-08-15−41→ 286 totalExercise: $0.00→ Class A Common Stock (41 underlying) - Exercise/Conversion
Class A Common Stock
2023-08-15+5,645→ 6,421 total - Exercise/Conversion
Restricted Stock Unit
2023-08-15−733→ 1,466 totalExercise: $0.00→ Class A Common Stock (733 underlying) - Tax Payment
Class A Common Stock
2023-08-15$5.57/sh−1,378$7,675→ 5,043 total - Exercise/Conversion
Restricted Stock Unit
2023-08-15−110→ 774 totalExercise: $0.00→ Class A Common Stock (110 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-08-15−4,761→ 42,858 totalExercise: $0.00→ Class A Common Stock (4,761 underlying)
Footnotes (7)
- [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 August 15, 2023.
- [F2]Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
- [F3]This reported transaction represents the settlement of RSUs vested as of August 15, 2023.
- [F4]Each RSU represents a contingent right to receive one share of Class A Common Stock. Subject to the Reporting Person's continued service, 25% of the RSUs vested on March 9, 2021, and an additional 1/36 of the remaining RSUs vest monthly thereafter for a period of 3 years.
- [F5]Subject to the Reporting Person's continuous service, 1/16th of the RSUs will vest on a quarterly basis beginning on February 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).
- [F6]Subject to the Reporting Person's continuous service, 1/8th of the RSUs will vest on a quarterly basis beginning on August 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).
- [F7]Subject to the Reporting Person's continuous service, 10% of the RSUs will vest on a quarterly basis beginning on May 15, 2023 (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)
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001967573
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 9:21 PM ET
- Size
- 16.6 KB