Chou Jennifer K 4

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.