Chou Jennifer K 4

4 · ContextLogic Holdings Inc. · Filed Apr 1, 2026

AI-generated summary of this filing

Updated Apr 1, 2026

ContextLogic (LOGC) Director Jennifer K. Chou Receives 56,701 Shares

What Happened

Jennifer K. Chou, a member of ContextLogic's Board of Directors, acquired 56,701 shares on March 31, 2026 through the settlement/conversion of vested restricted stock units (RSUs). The reported acquisition price was $0.00 per share, so the filing shows $0 total cash exchanged. The Form 4 reports derivative transaction code M (exercise/conversion).

Key Details

Transaction date: 2026-03-31; Filing date: 2026-04-01 (timely filing).
Price per share: $0.00; Shares acquired: 56,701; reported total cash value: $0.
Shares owned after transaction: Not specified in the filing.
Footnotes: F1–F3 explain these were RSUs (one share per RSU) granted for board service, vested as of 3/31/2026, and were settled following vesting. Vesting terms include continued service, pro‑rata vesting on termination, possible discretionary vesting by the Board, and settlement within 60 days of vesting.
Transaction code: M = exercise/conversion of a derivative (here, RSU conversion to common stock).

Context

This was not an open‑market purchase or sale but the conversion/settlement of director RSUs as compensation — a routine, non‑market transaction that reflects equity compensation rather than a trading signal. RSUs convert to shares upon vesting; no immediate sale or cashless exercise was reported.

Form 4

Period: 2026-03-31

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-31+56,701→ 56,701 total
Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]
2026-03-31+56,701→ 19,206 total
Exercise: $0.00→ Common Stock (56,701 underlying)

Footnotes (3)

[F1]The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock, $0.0001 par value, for each RSU.
[F2]This reported transaction represents the settlement of RSUs vested as of March 31, 2026.
[F3]The RSUs were granted in connection with the Reporting Person's service as a member of the Board of Directors for the Issuer. Subject to the Reporting Person's continued service, the RSUs will vest in full on the one-year anniversary of the date of grant based upon continued service, or on a pro-rata basis upon termination of service, including resignation before vesting. Upon termination of service, the Board in its discretion may fully vest the Reporting Person's RSUs. RSUs will fully vest in connection with the occurrence of a change in control or any other transaction the Board designates as a "special transaction." Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Issuer have agreed in writing to a later settlement date pursuant to the procedures the Issuer may prescribe at its discretion.

Signature

/s/ Marianne Lewis, Attorney-in-Fact|2026-04-01

1 file