Bobbili Raja 4
4 · ContextLogic Holdings Inc. · Filed May 28, 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 of ContextLogic Holdings Inc. (LOGC), made three open-market purchases totaling 130,201 shares between May 26 and May 28, 2026, for aggregate consideration of about $1,134,825. Transactions: 32,421 shares at a weighted average $8.63 (May 26, range $8.47–$8.75), 4,862 shares at $8.75 (May 27, range $8.73–$8.75), and 92,918 shares at $8.75 (May 28, range $8.73–$8.75). These were purchases (buying stock), which investors often view as a bullish signal compared with sales.
Key Details
- Transaction dates and amounts:
- 2026-05-26: 32,421 shares; weighted avg $8.63 (prices ranged $8.47–$8.75) — $279,631
- 2026-05-27: 4,862 shares; weighted avg $8.75 (prices ranged $8.73–$8.75) — $42,533
- 2026-05-28: 92,918 shares; weighted avg $8.75 (prices ranged $8.73–$8.75) — $812,661
- Total: 130,201 shares purchased for ~$1.13 million.
- Holdings reported after the transactions: the filing notes holdings via investment vehicles (Abrams/Riva funds) representing 18,269,534 shares in total (see F5). The Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest (F2, F6).
- Footnotes: prices shown are weighted averages; the filer offers to provide per-trade price breakdowns on request (F1, F3, F4).
- Filing/timeliness: Form 4 was filed May 28, 2026; the reported trades occurred May 26–28 and the filing appears timely under the two-business-day Form 4 rule.
Context
Raja is reported as a 10% owner and managing member of related investment/estate vehicles; the disclosure and footnotes indicate these purchases relate to those roles and include disclaimers about beneficial ownership. Open-market purchases by large holders can attract attention, but filings don’t state motivation—only that the insider added roughly $1.13M of LOGC stock over three days.
Insider Transaction Report
- Purchase
Common Stock, par value $0.0001 per share
[F1][F2]2026-05-26$8.63/sh+32,421$279,631→ 532,421 total(indirect: By estate planning vehicle) - Purchase
Common Stock, par value $0.0001 per share
[F3][F2]2026-05-27$8.75/sh+4,862$42,533→ 537,283 total(indirect: By estate planning vehicle) - Purchase
Common Stock, par value $0.0001 per share
[F4][F2]2026-05-28$8.75/sh+92,918$812,661→ 630,201 total(indirect: By estate planning vehicle)
- 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 $8.47 to $8.75, 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 $8.73 to $8.75, 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 $8.73 to $8.75, 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.