ABRAMS CAPITAL, LLC 4
4 · ContextLogic Holdings Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
ContextLogic (LOGC) 10% Owner Abrams Capital Buys 1.76M Shares
What Happened
Abrams Capital Management, L.P. — reported as a 10% owner of ContextLogic Holdings, Inc. (LOGC) — purchased 1,758,794 shares on February 26, 2026 at $7.00 per share, for a total reported cost of $12,311,558. This was an acquisition (transaction code P), i.e., an outright purchase rather than a sale or award.
Key Details
- Transaction date: 2026-02-26; price: $7.00 per share; total value: $12,311,558.
- Shares purchased: 1,758,794 (120,126 bought by Abrams Capital Partners I, L.P. and 1,638,668 by Abrams Capital Partners II, L.P.).
- Shares beneficially owned (reported): 18,269,534 shares across the Abrams funds (578,862 ACP I; 7,897,244 ACP II; 5,262,976 Riva V; 4,530,452 Riva VI).
- Filing timeliness: Period of report and filing date are both 2026-02-26 — appears timely.
- Notable footnotes: Multiple related entities are involved (Abrams Funds, their general partners, and the LP/LLC that manages them); each entity disclaims beneficial ownership except to the extent of pecuniary interest.
Context
This was an institutional purchase by a reported 10% owner (Abrams Capital and related funds), not an executive or officer trade. Purchases by large shareholders can be informative to retail investors, but institutional buys reflect fund-level decisions and do not necessarily indicate insider knowledge or immediate future guidance.
Insider Transaction Report
- Purchase
Common Stock, par value $0.0001 per share
[F1][F2][F3][F4][F5][F6][F7]2026-02-26$7.00/sh+1,758,794$12,311,558→ 18,269,534 total(indirect: See footnotes)
Footnotes (7)
- [F1]Shares reported herein as 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]Abrams Capital, LLC ("AC LLC") is the general partner of ACP I and ACP II. As a result, AC LLC may be deemed to share voting and dispositive power with respect to the shares held by ACP I and ACP II.
- [F3]Riva Capital Management V, LLC ("RCM V") is the general partner of Riva V. As a result, RCM V may be deemed to share voting and dispositive power with respect to the shares held by Riva V.
- [F4]Riva Capital Management VI, LLC ("RCM VI") is the general partner of Riva VI. As a result, RCM VI may be deemed to share voting and dispositive power with respect to the shares held by Riva VI.
- [F5]Abrams Capital Management, L.P. (the "LP") is the investment manager of each of the Abrams Funds and, in such capacity, manages the investment strategy and decision-making process with respect to investments held by the Abrams Funds. As a result, the LP may be deemed to share voting and dispositive power with respect to the shares held by the Abrams Funds.
- [F6]Abrams Capital Management, LLC (the "LLC") is the general partner of the LP. As a result, the LLC may be deemed to share voting and dispositive power with respect to the shares held by the Abrams Funds.
- [F7]Each reporting person disclaims beneficial ownership of the reported shares except to the extent of its 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.