KUTSCHER LAWRENCE M 4
4 · ContextLogic Inc. · Filed Aug 11, 2022
Insider Transaction Report
Form 4
KUTSCHER LAWRENCE M
Director
Transactions
- Award
Restricted Stock Unit
2022-08-09+261,904→ 261,904 total→ Class A Common Stock (261,904 underlying) - Award
Restricted Stock Unit
2022-08-09+4,960→ 4,960 total→ Class A Common Stock (4,960 underlying)
Footnotes (3)
- [F1]The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU.
- [F2]The RSUs were granted in connection with the Reporting Person's service as a member of the Board of Directors for the Issuer. Subject to the Reporting Person's continued service, one-third of the RSUs will vest annually beginning on August 9, 2023. 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]The RSUs were granted in connection with the Reporting Person's service as a member of the Audit Committee of the Board of Directors for the Issuer. Subject to the Reporting Person's continued service, the RSUs will vest in full on the earlier of the one-year anniversary of the date of grant or on the date of the regular annual meeting of the Issuer's stockholders following the date of grant. 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).