Kassaei Hamid Reza 4
4 · ContextLogic Inc. · Filed May 17, 2022
Insider Transaction Report
Form 4
Kassaei Hamid Reza
Chief Technology Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2022-05-15+110,652→ 297,485 total - Exercise/Conversion
Class A Common Stock
2022-05-15+294,612→ 592,097 total - Tax Payment
Class A Common Stock
2022-05-15$1.54/sh−140,141$215,817→ 451,956 total - Exercise/Conversion
Restricted Stock Unit
2022-05-15−110,652→ 1,327,826 totalExercise: $0.00→ Class A Common Stock (110,652 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-05-15−294,612→ 2,946,128 totalExercise: $0.00→ Class A Common Stock (294,612 underlying)
Footnotes (4)
- [F1]Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of Restricted Stock Units ("RSUs").
- [F2]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).
- [F3]This reported transaction represents the settlement of RSUs vested as of May 15, 2022.
- [F4]Subject to the reporting person's continuous service, 1/12th of the RSUs will vest on a quarterly basis beginning on May 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, April 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 the procedures the Company may prescribe at its discretion).