Bobbili Raja 4

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.