Yan Jun 4
4 · ContextLogic Inc. · Filed Sep 29, 2022
Insider Transaction Report
Form 4
Yan Jun
Interim CEO
Transactions
- Award
Restricted Stock Unit
2022-09-27+1,948,051→ 1,948,051 total→ Class A Common Stock (1,948,051 underlying) - Award
Stock Option (Right to Buy)
2022-09-27+1,948,051→ 1,948,051 totalExercise: $1.54Exp: 2032-09-27→ Class A Common Stock (1,948,051 underlying)
Footnotes (4)
- [F1]The Restricted Stock Units ("RSUs") and stock option represent inducement grants under the Company's 2022 New Employee Equity Incentive Plan.
- [F2]The Reporting Person was granted RSUs which represent a contingent right to receive one share of Company's Class A Common Stock for each RSU.
- [F3]Subject to the Reporting Person's continuous service, 50% of the RSUs will vest on May 15, 2023 and the remaining 50% will vest on November 15, 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 the procedures the Company may prescribe at its discretion).
- [F4]Subject to the Reporting Person's continuous service, 50% of the shares subject to the stock option will vest on March 27, 2023, and the remaining 50% of the shares subject to the stock option will vest on September 27, 2023.