Bradley Julie MB 4
4 · ContextLogic Inc. · Filed Aug 11, 2022
Insider Transaction Report
Form 4
Bradley Julie MB
Director
Transactions
- Award
Restricted Stock Unit
2022-08-09+83,333→ 83,333 totalExp: 2027-12-04→ Class A Common Stock (83,333 underlying) - Conversion
Class A Common Stock
2022-08-09+27,777→ 52,712 total - Conversion
Class B Common Stock
2022-08-09−27,777→ 0 total→ Class A Common Stock (27,777 underlying)
Footnotes (3)
- [F1]Represents shares of Class A Common Stock that were acquired by the Reporting Person upon voluntary conversion of Class B Common Stock shares.
- [F2]Each share of Class B Common Stock automatically converted into one share of Class A Common Stock on August 9, 2022, which was the date on which the number of outstanding shares of Class B Common Stock represented less than 5% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock.
- [F3]The Reporting Person was issued restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU. 25% of the RSUs will vest annually beginning on October 14, 2021, subject to the Reporting Person's continuous service with the Issuer through each vesting date. On August 9, 2022, pursuant to the Issuer's Restated Certificate of Incorporation, all shares of Class B Common Stock automatically converted into shares of Class A Common Stock on a one-for-one basis. As a result, all RSUs for the purchase of shares of Class B Common Stock became exercisable for the same number of shares of Class A Common Stock. All other terms of the RSUs remain unchanged.