KUTSCHER LAWRENCE M 4
4 · ContextLogic Inc. · Filed Aug 17, 2023
Insider Transaction Report
Form 4
KUTSCHER LAWRENCE M
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2023-08-15+2,910→ 3,075 total - Exercise/Conversion
Restricted Stock Unit
2023-08-15−2,910→ 5,820 totalExercise: $0.00→ Class A Common Stock (2,910 underlying)
Footnotes (3)
- [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]This reported transaction represents the settlement of RSUs vested as of August 15, 2023.
- [F3]The RSUs were granted in connection with the Reporting Person's service as a member of the Board of Directors for the Issuer. Subject to the Reporting Person's continued service, one-third of the RSUs will vest annually beginning on August 9, 2023. 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).