Bobbili Raja 4

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.