Bobbili Raja 4

What Happened
Bobbili Raja, reported as a 10% owner (managing member of related entities), acquired a total of 71,000 ContextLogic (LOGC) shares in three open-market purchases between Mar 12 and Mar 16, 2026. Trades: 6,500 shares @ $8.00 ($52,000) on 3/12; 35,229 shares @ $8.20 weighted avg ($288,927) on 3/13; and 29,271 shares @ $8.34 weighted avg ($244,132) on 3/16. These were purchases (buying stock), which investors often view as a more informative/bullish action than sales, though no motive is stated.

Key Details

• Transaction dates & prices:
  • 2026-03-12: 6,500 shares @ $8.00 = $52,000.
  • 2026-03-13: 35,229 shares @ $8.20 (weighted avg; individual prices ranged ~$8.10–$8.24) = $288,927.
  • 2026-03-16: 29,271 shares @ $8.34 (weighted avg; individual prices ranged ~$8.20–$8.50) = $244,132.
• Total purchased: 71,000 shares for ~$585,059.
• Shares reported beneficially owned after transaction: 18,269,534 shares held across Abrams and Riva fund entities (per footnote disclosure).
• Notable footnotes: Reporting person is managing member of an estate planning vehicle and general partner entities and disclaims beneficial ownership except to the extent of pecuniary interest (F1, F4, F5). Weighted-average prices and price ranges are noted; the filer will provide breakdowns on request (F2, F3).
• Filing: Form 4 filed 2026-03-16 covering trades through 2026-03-16 (appears to be filed within the usual Section 16 reporting window).

Context
This filing reflects purchases by a 10% owner through affiliated funds and vehicles rather than routine executive compensation or option exercises. Purchases by large holders can be notable, but the filing includes disclaimers about beneficial ownership and does not state the purchaser’s motivation.