Bobbili Raja 4

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.