4//SEC Filing
Forster Joanna 4
Accession 0001062993-24-013349
CIK 0001822250other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 5:02 PM ET
Size
9.2 KB
Accession
0001062993-24-013349
Insider Transaction Report
Form 4
Forster Joanna
General Counsel & CCO
Transactions
- Exercise/Conversion
Class A Common Stock
2024-06-28+63,063→ 92,155 total - Tax Payment
Class A Common Stock
2024-07-01$5.59/sh−32,635$182,495→ 59,520 total - Exercise/Conversion
Restricted Stock Units
2024-06-28−63,063→ 0 totalExercise: $0.00→ Class A Common Stock (63,063 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 June 28, 2024.
- [F2]The sale reported on this Form 4 represents shares sold in to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. 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 $5.59 to $5.74. 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]The RSUs became fully vested on June 28, 2024.
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0002020136
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 5:02 PM ET
- Size
- 9.2 KB