Bobbili Raja 4
4 · ContextLogic Holdings Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
ContextLogic (LOGC) 10% Owner Bobbili Raja Buys 250,000 Shares
What Happened
Bobbili Raja (reported as a 10% owner / managing member of related entities) purchased a total of 250,000 shares of ContextLogic Holdings, Inc. (LOGC) in two open-market transactions: 162,634 shares at a weighted-average price of $7.92 on 2026-03-09 (about $1,288,061) and 87,366 shares at a weighted-average price of $7.90 on 2026-03-10 (about $690,191). Total reported cash spent was approximately $1,978,252. These were purchases (P), which investors typically view as a more informative/“bullish” signal than routine sales.
Key Details
- Transaction dates & reported weighted-average prices:
- 2026-03-09: 162,634 shares @ $7.92 (weighted avg) — total ~$1,288,061
- 2026-03-10: 87,366 shares @ $7.90 (weighted avg) — total ~$690,191
- Reported price ranges (multiple fills): trades executed at prices in roughly the $7.86–$8.00 range (see footnotes for exact ranges per trade); the filer offers to provide exact per-fill counts/prices on request.
- Beneficial ownership reported (per footnotes): 578,862 shares (Abrams Capital Partners I), 7,897,244 (Abrams Capital Partners II), 5,262,976 (Riva Capital Partners V), and 4,530,452 (Riva Capital Partners VI) — totaling 18,269,534 shares held across those entities.
- Ownership/disclaimer notes: Raja is identified as managing member/general partner of related vehicles and disclaims beneficial ownership except to the extent of his pecuniary interest (see footnotes F2 and F5).
- Filing timing: Report filed 2026-03-11 for trades on 2026-03-09 and 03-10; appears to be filed within the normal Section 16 reporting window (not flagged as late).
Context
These were open-market purchases by a reported 10% owner and affiliated entities rather than an employee/options exercise. For retail investors, purchases by large shareholders can be a positive signal, but note the filer’s disclaimers about beneficial ownership and that the filings reflect aggregated holdings across investment vehicles rather than direct executive purchases.
Insider Transaction Report
- Purchase
Common Stock, par value $0.0001 per share
[F1][F2]2026-03-09$7.92/sh+162,634$1,288,061→ 162,634 total(indirect: By estate planning vehicle) - Purchase
Common Stock, par value $0.0001 per share
[F3][F2]2026-03-10$7.90/sh+87,366$690,191→ 250,000 total(indirect: By estate planning vehicle)
- 18,269,534(indirect: See footnotes)
Common Stock, par value $0.0001 per share
[F4][F5]
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $7.89 to $8.00, inclusive. 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 bought at each separate price within the ranges set forth above.
- [F2]The Reporting Person is the managing member of the estate planning vehicle. 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.
- [F3]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $7.86 to $7.92, inclusive. 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 bought at each separate price within the ranges set forth above.
- [F4]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").
- [F5]The Reporting Person is a 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. 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.