Bobbili Raja 4

What Happened
Bobbili Raja, reported as a 10% owner of ContextLogic Holdings, Inc. (LOGC), acquired 1,758,794 shares on February 26, 2026 at $7.00 per share, for a total reported cost of $12,311,558. The Form 4 lists the transaction as a purchase (code P), reported as an open market or private purchase.

Key Details

• Transaction date and price: Feb 26, 2026 — 1,758,794 shares @ $7.00 each; total ~$12.31M.
• Allocation of the purchase (per footnote): 120,126 shares bought by Abrams Capital Partners I, L.P. (ACP I) and 1,638,668 shares bought by Abrams Capital Partners II, L.P. (ACP II).
• Shares beneficially owned as reported: 18,269,534 shares in total (578,862 held by ACP I; 7,897,244 by ACP II; 5,262,976 by Riva V; 4,530,452 by Riva VI).
• Filing/timeliness: Reported on Form 4 dated Feb 26, 2026 (same-day reporting; not flagged as late).
• Transaction code and type: P = Purchase (open market/private purchase).
• Footnote on ownership: The reporting person is a member of the general partner/management entities for the listed funds and disclaims beneficial ownership except to the extent of pecuniary interest (see footnote F2).

Context
This filing reflects institutional ownership changes by funds associated with the reporting person (Abrams and Riva entities), not an executive payroll transaction. Purchases by a 10% owner typically reflect fund-level investment decisions rather than a personal stock sale; the filing is factual and does not state motives.