Abrams David C 4
4 · ContextLogic Holdings Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
ContextLogic (LOGC) 10% Owner David C. Abrams Buys 1.76M Shares
What Happened David C. Abrams, a reported 10% owner of ContextLogic Holdings, Inc. (LOGC), reported purchases of 1,758,794 shares on February 26, 2026 at $7.00 per share, totaling $12,311,558. The transaction is coded as a purchase (P) — an acquisition rather than a sale.
Key Details
- Transaction date and terms: Feb 26, 2026 — 1,758,794 shares acquired at $7.00 each (total $12,311,558).
- Shares owned after transaction: Beneficial ownership reported as 18,269,534 shares across the Abrams-related funds.
- Breakdown (per filing footnote): ACP I — 578,862 shares (including 120,126 purchased on Feb 26); ACP II — 7,897,244 shares (including 1,638,668 purchased on Feb 26); Riva V — 5,262,976 shares; Riva VI — 4,530,452 shares.
- Filing timeliness: Report filed on Feb 26, 2026 (same day as report date) — appears timely.
- Reporting structure: Abrams is the managing member of the entities that control the listed funds and may be deemed to share voting/dispositive power; he disclaims direct beneficial ownership except to the extent of his pecuniary interest (see footnote F2).
- Transaction type: Reported as open-market or private purchase (Form 4 code P).
Context
- This is institutional/investor-level buying through Abrams-affiliated funds (not a typical executive salary/option exercise). Purchases can be interpreted by investors as a positive sign of conviction but do not prove future company performance.
Insider Transaction Report
Form 4
Abrams David C
Director10% Owner
Transactions
- Purchase
Common Stock, par value $0.0001 per share
[F1][F2]2026-02-26$7.00/sh+1,758,794$12,311,558→ 18,269,534 total(indirect: See footnotes)
Footnotes (2)
- [F1]Shares reported herein beneficially owned represent 578,862 shares held by Abrams Capital Partners I, L.P. ("ACP I"), 7,897,244 shares held by Abrams Capital Partners II, L.P. ("ACP II"), 5,262,976 shares held by Riva Capital Partners V, L.P. ("Riva V") and 4,530,452 shares held by Riva Capital Partners VI, L.P. ("Riva VI", and, together with ACP I, ACP II and Riva V, collectively the "Abrams Funds"). Of the shares purchased on February 26, 2026 reported herein, 120,126 shares were purchased by ACP I and 1,638,668 shares were purchased by ACP II.
- [F2]The Reporting Person is the managing member of (i) Abrams Capital, LLC, which is the general partner of each of ACP I and ACP II, (ii) Riva Capital Management V, LLC, which is the general partner of Riva V, and (iii) Riva Capital Management VI, LLC, which is the general partner of Riva VI. In addition, the Reporting Person is the managing member of Abrams Capital Management, LLC, which is the general partner of Abrams Capital Management, L.P., which is the investment manager of each of the Abrams Funds. As a result of the relationships described in this footnote, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares held by each of the Abrams Funds. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
Signature
/s/ David Abrams|2026-02-26