Talwar Vijay 4
4 · ContextLogic Inc. · Filed Feb 1, 2022
Insider Transaction Report
Form 4
Talwar Vijay
DirectorChief Executive Officer
Transactions
- Award
Restricted Stock Unit
2022-02-01+4,633,204→ 4,633,204 total→ Class A Common Stock (4,633,204 underlying) - Award
Stock Option (Right to Buy)
2022-02-01+6,486,486→ 6,486,486 totalExercise: $2.86Exp: 2032-02-01→ Class A Common Stock (6,486,486 underlying)
Footnotes (4)
- [F1]The Restricted Stock Units ("RSUs") and stock option represent inducement grants under the Company's 2022 New Employee Equity Incentive Plan.
- [F2]The Reporting Person was granted RSUs which represent a contingent right to receive one share of Company's Class A Common Stock for each RSU.
- [F3]Subject to the Reporting Person's continuous service, 25% of the RSUs will vest on February 15, 2023, with an additional 1/12th of the remaining RSUs vesting on each Company Vesting Date thereafter. A "Company Vesting Date" means February 15, May 15, August 15, or November 15. Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
- [F4]Subject to the Reporting Person's continuous service, 1/16th of the shares subject to the stock option vest on each Company Vesting Date beginning on May 15, 2022. A "Company Vesting Date" means February 15, May 15, August 15, or November 15.