Bobbili Raja 4
4 · ContextLogic Holdings Inc. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
ContextLogic (LOGC) 10% Owner Bobbili Raja Buys Stock
What Happened
- Bobbili Raja, reported as a 10% owner (managing member of related entities), purchased a total of 150,000 shares of ContextLogic Holdings, Inc. (LOGC) in open-market transactions between May 19 and May 21, 2026. The purchases were: 17,275 shares at a weighted average price of $8.74 ($150,949); 87,295 shares at $8.77 ($765,315); and 45,430 shares at $8.69 ($394,696). Total consideration for the three transactions was $1,310,960, an average price of about $8.74 per share.
- These were purchases (code P), which are commonly interpreted as an insider adding to holdings rather than selling.
Key Details
- Transaction dates and reported weighted-average prices:
- 2026-05-19 — 17,275 shares @ $8.74 (weighted avg) = $150,949 (prices in the lot ranged within reported ranges per footnotes).
- 2026-05-20 — 87,295 shares @ $8.77 = $765,315.
- 2026-05-21 — 45,430 shares @ $8.69 = $394,696.
- Total purchased: 150,000 shares for $1,310,960 (approx. $8.74/share).
- Shares reported beneficially owned (per filing footnote): 18,269,534 shares held across Abrams and Riva funds (breakdown in footnotes). The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest in those entities (see footnotes F2 and F6).
- Footnotes note that the reported prices are weighted averages and the purchases were executed in multiple trades at price ranges (roughly $8.45–$8.80 across the lots); the filer will provide a breakdown upon request (F1–F4).
- Filing date: 2026-05-21. The Form 4 was filed the same day as the last purchase and within the standard two-business-day reporting window for the earlier trades (appears timely).
Context
- The filer is a 10% owner and reports holdings via investment/partnership entities (Abrams Capital and Riva Capital vehicles). That means these purchases are institutional/owner-level transactions rather than routine employee option exercises or executive compensation sales.
- The filing does not state motive; purchases simply reflect acquisition of shares in the open market.
Insider Transaction Report
Form 4
Bobbili Raja
Director10% Owner
Transactions
- Purchase
Common Stock, par value $0.0001 per share
[F1][F2]2026-05-19$8.74/sh+17,275$150,949→ 367,275 total(indirect: By estate planning vehicle) - Purchase
Common Stock, par value $0.0001 per share
[F3][F2]2026-05-20$8.77/sh+87,295$765,315→ 454,570 total(indirect: By estate planning vehicle) - Purchase
Common Stock, par value $0.0001 per share
[F4][F2]2026-05-21$8.69/sh+45,430$394,696→ 500,000 total(indirect: By estate planning vehicle)
Holdings
- 18,269,534(indirect: See footnotes)
Common Stock, par value $0.0001 per share
[F5][F6]
Footnotes (6)
- [F1]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.65 to $8.80, 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]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.52 to $8.80, 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.
- [F4]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.45 to $8.80, 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.
- [F5]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").
- [F6]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.
Signature
/s/ Raja Bobbili|2026-05-21