Bobbili Raja 4

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.