Liu Pai 4
4 · ContextLogic Inc. · Filed Aug 11, 2022
Insider Transaction Report
Form 4
Liu Pai
Vice President of Data Science
Transactions
- Award
Restricted Stock Unit
2022-08-09+36,860→ 36,860 totalExp: 2026-11-22→ Class A Common Stock (36,860 underlying) - Award
Restricted Stock Unit
2022-08-09+63,896→ 63,896 totalExp: 2027-09-09→ Class A Common Stock (63,896 underlying)
Footnotes (2)
- [F1]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. Subject to the Reporting Person's continued service, 25% of the RSUs vested on September 23, 2020, and an additional 1/36th of the RSUs vest monthly thereafter for a period of 3 years. 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.
- [F2]The Reporting Person was issued RSUs which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU. Subject to the Reporting Person's continued service, 1/48th of the RSUs vest monthly beginning on October 1, 2020 for a period of 4 years. 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.