4//SEC Filing
Just Brett 4
Accession 0000950170-24-061879
CIK 0001822250other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 5:17 PM ET
Size
9.8 KB
Accession
0000950170-24-061879
Insider Transaction Report
Form 4
Just Brett
Chief Financial Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2024-05-15+8,620→ 21,070 total - Sale
Class A Common Stock
2024-05-16$5.64/sh−4,369$24,642→ 16,701 total - Exercise/Conversion
Restricted Stock Unit
2024-05-15−8,620→ 25,862 total→ Class A Common Stock (8,620 underlying)
Footnotes (4)
- [F1]The Reporting Person previously 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 May 15, 2024.
- [F2]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
- [F3]The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.64 to $5.665. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F4]Subject to the Reporting Person's continued service, 25% of the RSUs will vest on May 15, 2024 and an additional 18.75% of the RSUs will vest on a quarterly basis thereafter beginning on August 15, 2024 (with all quarterly vesting events occuring 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 0001833840
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 5:17 PM ET
- Size
- 9.8 KB