Kassaei Hamid Reza 4
4 · ContextLogic Inc. · Filed Feb 17, 2022
Insider Transaction Report
Form 4
Kassaei Hamid Reza
Chief Technology Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2022-02-15+110,652→ 231,222 total - Exercise/Conversion
Restricted Stock Unit
2022-02-15−110,652→ 1,438,478 total→ Class A Common Stock (110,652 underlying)
Footnotes (3)
- [F1]The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive on share of Issuer's Class A Common Stock for each RSU.
- [F2]This reported transaction represents the settlement of RSUs vested as of February 15, 2022.
- [F3]Each RSU represents a contingent right to receive on share of Issuer's Class A Common Stock. Subject to the reporting person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on August 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of 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).