Bobbili Raja 4
4 · ContextLogic Holdings Inc. · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
ContextLogic (LOGC) 10% Owner Bobbili Raja Buys 29,000 Shares
What Happened Bobbili Raja, reported as a 10% owner, purchased 29,000 shares of ContextLogic Holdings, Inc. (LOGC) on 2026-03-17 in open-market/private purchases. The weighted average price was $8.60 per share (range $8.50–$8.75), for an aggregate purchase amount of approximately $249,374. This was a purchase (accumulation) rather than a sale.
Key Details
- Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (timely within the usual two-business-day window).
- Transaction type/code: P = Purchase (open market/private purchases, multiple trades).
- Price: weighted average $8.60; individual trades ranged from $8.50 to $8.75 (F1).
- Total shares acquired: 29,000; total consideration: ~$249,374.
- Shares reported as beneficially owned (per filing/footnotes): 18,269,534 shares held across affiliated funds — 578,862 (ACP I), 7,897,244 (ACP II), 5,262,976 (Riva V), 4,530,452 (Riva VI) (F3).
- Ownership/disclaimer notes: Reporting person is managing member of an estate planning vehicle and of the general partner entities (Abrams/Riva structures); he disclaims beneficial ownership except to the extent of his pecuniary interest (F2, F4).
- No 10b5-1 plan, option exercise, gift, or tax-withholding noted in the filing.
Context This is a direct purchase by a 10% owner (an institutional/major investor role), which retail investors often view as a more informative signal than routine insider sales by executives. The filing’s footnotes clarify that the reported holdings are held through investment vehicles and that the reporting person disclaims beneficial ownership except for pecuniary interest — important when interpreting control versus economic exposure.
Insider Transaction Report
- Purchase
Common Stock, par value $0.0001 per share
[F1][F2]2026-03-17$8.60/sh+29,000$249,374→ 350,000 total(indirect: By estate planning vehicle)
- 18,269,534(indirect: See footnotes)
Common Stock, par value $0.0001 per share
[F3][F4]
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.50 to $8.75, 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]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").
- [F4]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.