4//SEC Filing
Zhang Sheng 4
Accession 0001209191-21-003702
CIK 0001822250other
Filed
Jan 13, 7:00 PM ET
Accepted
Jan 14, 8:42 PM ET
Size
14.4 KB
Accession
0001209191-21-003702
Insider Transaction Report
Form 4
Zhang Sheng
10% Owner
Transactions
- Exercise of In-Money
Stock Option (right to buy)
2021-01-13−262,500→ 0 totalExercise: $0.03Exp: 2021-05-20→ Class B Common Stock (262,500 underlying) - Exercise of In-Money
Class B Common Stock
2021-01-13$0.03/sh+262,500$7,875→ 1,124,950 total→ Class A Common Stock (262,500 underlying) - Exercise of In-Money
Class B Common Stock
2021-01-13$0.00/sh+328,310$328→ 862,450 total→ Class A Common Stock (328,130 underlying) - Exercise of In-Money
Stock Option (right to buy)
2021-01-13−328,130→ 0 totalExercise: $0.00Exp: 2021-02-25→ Class B Common Stock (328,130 underlying)
Holdings
- 821,030(indirect: By Trust)
Class B Common Stock
→ Class A Common Stock (821,030 underlying)
Footnotes (4)
- [F1]Options granted under the ContextLogic, Inc. 2010 Stock Plan. 25% of the options vested on February 22, 2012 and an additional 1/48th of the options vested monthly thereafter for a period of 3 years.
- [F2]Options granted under the ContextLogic, Inc. 2010 Stock Plan. 25% of the options vested on May 20, 2012 and an additional 1/48th of the options vested monthly thereafter for a period of 3 years.
- [F3]All shares of Class B common stock will automatically convert, on a one-for-one basis, into shares of Class A common stock on the earliest of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the 7-year anniversary of the closing date of the issuer's initial public offering, (iii) the date on which the number of outstanding shares of Class B common stock represents less than 5% of the aggregate combined number of outstanding shares of Class A common stock and Class B common stock, (iv) the date specified by a vote of the holders of a majority of the then outstanding shares of Class B common stock, or (v) a date that is between 90 and 270 days, as determined by the board of directors, after the death or permanent incapacity of the issuer's founder, CEO, and Chairperson.
- [F4]The shares are held directly by ZLZ Trust, of which the Reporting Person is a beneficiary.
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001834926
Filing Metadata
- Form type
- 4
- Filed
- Jan 13, 7:00 PM ET
- Accepted
- Jan 14, 8:42 PM ET
- Size
- 14.4 KB