4//SEC Filing
Yan Jun 4
Accession 0001209191-22-051572
CIK 0001822250other
Filed
Sep 28, 8:00 PM ET
Accepted
Sep 29, 6:18 PM ET
Size
8.5 KB
Accession
0001209191-22-051572
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.
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001945155
Filing Metadata
- Form type
- 4
- Filed
- Sep 28, 8:00 PM ET
- Accepted
- Sep 29, 6:18 PM ET
- Size
- 8.5 KB