Founders Fund V Management, LLC 4
4 · ContextLogic Inc. · Filed Dec 22, 2020
Insider Transaction Report
Form 4
Founders Fund V Management, LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2020-12-18+661,510→ 661,510 total(indirect: By Fund) - Conversion
Class A Common Stock
2020-12-18+46,739,070→ 46,739,070 total(indirect: By Fund) - Conversion
Series C Preferred Stock
2020-12-18−526,320→ 0 total(indirect: By Fund)→ Class A Common Stock (526,320 underlying) - Conversion
Series D Preferred Stock
2020-12-18−44,040→ 0 total(indirect: By Fund)→ Class A Common Stock (44,040 underlying) - Conversion
Series D Preferred Stock
2020-12-18−837,090→ 0 total(indirect: By Fund)→ Class A Common Stock (837,090 underlying) - Conversion
Series E Preferred Stock
2020-12-18−78,550→ 0 total(indirect: By Fund)→ Class A Common Stock (78,550 underlying) - Conversion
Class A Common Stock
2020-12-18+1,801,180→ 1,801,180 total(indirect: By Fund) - Conversion
Class A Common Stock
2020-12-18+12,572,820→ 12,572,820 total(indirect: By Fund) - Conversion
Series A Preferred Stock
2020-12-18−801,180→ 0 total(indirect: By Fund)→ Class A Common Stock (801,180 underlying) - Conversion
Series C Preferred Stock
2020-12-18−1,000,000→ 0 total(indirect: By Fund)→ Class A Common Stock (1,000,000 underlying) - Conversion
Series C Preferred Stock
2020-12-18−10,003,380→ 0 total(indirect: By Fund)→ Class A Common Stock (10,003,380 underlying) - Conversion
Series F Preferred Stock
2020-12-18−161,550→ 0 total(indirect: By Fund)→ Class A Common Stock (161,550 underlying) - Conversion
Series F Preferred Stock
2020-12-18−600,560→ 0 total(indirect: By Fund)→ Class A Common Stock (600,560 underlying) - Conversion
Series G Preferred Stock
2020-12-18−4,100→ 0 total(indirect: By Fund)→ Class A Common Stock (4,100 underlying) - Conversion
Series E Preferred Stock
2020-12-18−1,492,890→ 0 total(indirect: By Fund)→ Class A Common Stock (1,492,890 underlying) - Conversion
Series C Preferred Stock
2020-12-18−37,187,220→ 0 total(indirect: By Fund)→ Class A Common Stock (37,187,220 underlying) - Conversion
Series D Preferred Stock
2020-12-18−3,111,860→ 0 total(indirect: By Fund)→ Class A Common Stock (3,111,860 underlying) - Conversion
Series F Preferred Stock
2020-12-18−8,500→ 0 total(indirect: By Fund)→ Class A Common Stock (8,500 underlying) - Conversion
Series E Preferred Stock
2020-12-18−5,549,780→ 0 total(indirect: By Fund)→ Class A Common Stock (5,549,780 underlying) - Conversion
Series G Preferred Stock
2020-12-18−77,910→ 0 total(indirect: By Fund)→ Class A Common Stock (77,910 underlying) - Conversion
Series G Preferred Stock
2020-12-18−289,650→ 0 total(indirect: By Fund)→ Class A Common Stock (289,650 underlying)
Footnotes (5)
- [F1]Each outstanding share of Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock and Series G Preferred Stock converted into one share of the Issuer's Class A common stock immediately prior to the completion of the Issuer's initial public offering, and the shares of Series A Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock, Series F Preferred Stock and Series G Preferred Stock had no expiration date.
- [F2]Shares held by FF Wish VI, LLC ("FF-Wish"). The Founders Fund VI Management, LLC ("FF-VIM") is the managing member of FF-Wish and may be deemed to beneficially own the shares held by FF-Wish. Peter Thiel and Brian Singerman have shared voting and investment power over the shares held by FF-Wish and, accordingly, may be deemed to beneficially own the shares held by FF-Wish. Each of Mr. Thiel and Mr. Singerman disclaims beneficial ownership in these shares except to the extent of his respective pecuniary interest therein.
- [F3]Shares held by The Founders Fund V Entrepreneurs Fund, LP ("FF-VE"). The Founders Fund V Management, LLC ("FF-VM") is the general partner of FF-VE and may be deemed to beneficially own the shares held by FF-VE. Peter Thiel and Brian Singerman have shared voting and investment power over the shares held by FF-VE and, accordingly, may be deemed to beneficially own the shares held by FF-VE. Each of FF-VM, Mr. Thiel and Mr. Singerman disclaims beneficial ownership in these shares except to the extent of his or its respective pecuniary interest therein.
- [F4]Shares held by The Founders Fund V Principals Fund, LP ("FF-VP"). FF-VM is the general partner of FF-VP and may be deemed to beneficially own the shares held by FF-VP. Peter Thiel and Brian Singerman have shared voting and investment power over the shares held by FF-VP and, accordingly, may be deemed to beneficially own the shares held by FF-VP. Each of FF-VM, Mr. Thiel and Mr. Singerman disclaims beneficial ownership in these shares except to the extent of his or its respective pecuniary interest therein.
- [F5]Shares held by The Founders Fund V, LP ("FF-V"). FF-VM is the general partner of FF-V and may be deemed to beneficially own the shares held by FF-V. Peter Thiel and Brian Singerman have shared voting and investment power over the shares held by FF-V and, accordingly, may be deemed to beneficially own the shares held by FF-V. Each of FF-VM, Mr. Thiel and Mr. Singerman disclaims beneficial ownership in these shares except to the extent of his or its respective pecuniary interest therein.