ABRAMS CAPITAL, LLC 4

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.