Oliver Jennifer 4

Accession 0001209191-21-061075

CIK 0001822250other

View on SEC.gov Company Profile

Filed

Oct 18, 8:00 PM ET

Accepted

Oct 19, 8:36 PM ET

Size

27.6 KB

Accession

0001209191-21-061075

Insider Transaction Report

Form 4

Period: 2021-10-15

ContextLogic Inc.WISH

Oliver Jennifer

Interim Co-CFO

Transactions

Exercise/Conversion
Class B Common Stock
2021-10-15+290→ 290 total
→ Class A Common Stock (290 underlying)
Exercise/Conversion
Restricted Stock Unit
2021-10-15−553→ 19,355 total
Exercise: $0.00Exp: 2027-09-28→ Class B Common Stock (553 underlying)
Conversion
Class A Common Stock
2021-10-15+1,184→ 19,847 total
Exercise/Conversion
Restricted Stock Unit
2021-10-15−31→ 570 total
Exercise: $0.00Exp: 2026-05-02→ Class B Common Stock (31 underlying)
Exercise/Conversion
Restricted Stock Unit
2021-10-15−290→ 6,700 total
Exercise: $0.00Exp: 2025-09-27→ Class B Common Stock (290 underlying)
Exercise/Conversion
Class B Common Stock
2021-10-15+31→ 631 total
→ Class A Common Stock (31 underlying)
Conversion
Class B Common Stock
2021-10-15−1,184→ 0 total
→ Class A Common Stock (1,184 underlying)
Exercise/Conversion
Restricted Stock Unit
2021-10-15−310→ 4,650 total
Exercise: $0.00Exp: 2026-02-05→ Class B Common Stock (310 underlying)
Exercise/Conversion
Class B Common Stock
2021-10-15+310→ 600 total
→ Class A Common Stock (310 underlying)
Exercise/Conversion
Class B Common Stock
2021-10-15+553→ 1,184 total
→ Class A Common Stock (553 underlying)

Footnotes (7)

[F1]Represents the conversion of Class B Common Stock, issued upon settlement of vested Restricted Stock Units ("RSUs"), into Class A Common Stock held of record by the Reporting Person
[F2]This reported transaction represents the settlement of RSUs vested as of October 15, 2021.
[F3]Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 20% of the RSUs vested on August 20, 2019, with 1/60th of the RSUs vesting monthly thereafter for a period of 4 years.
[F4]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 sale 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.
[F5]Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except certain permitted transfers.
[F6]Each RSU represents a contingent right to receive one share of Issuer's Common B Stock. Subject to the reporting person's continued service, 1/48th of the RSUs vest monthly beginning on May 1, 2019 for a period of 4 years.
[F7]Each RSU represents a contingent right to receive on share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 25% of the RSUs vested on January 1, 2020, with 1/48th of the RSUs vesting monthly thereafter for a period of 3 years.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

ContextLogic Inc.

CIK 0001822250

→

Entity typeother

Related Parties

filerCIK 0001870569

Filing Metadata

Form type: 4
Filed: Oct 18, 8:00 PM ET
Accepted: Oct 19, 8:36 PM ET
Size: 27.6 KB

View on SEC.gov