Szulczewski Piotr 4
4 · ContextLogic Inc. · Filed Oct 7, 2022
Insider Transaction Report
Form 4
Szulczewski Piotr
DirectorFounder, CEO, and Chairperson10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2022-10-05$0.15/sh+2,500,000$372,500→ 39,478,904 total - Tax Payment
Class A Common Stock
2022-10-05$0.86/sh−1,489,007$1,280,695→ 37,989,897 total - Exercise/Conversion
Stock Option (right to buy)
2022-10-05−2,500,000→ 5,875,000 totalExercise: $0.15Exp: 2024-04-15→ Class A Common Stock (2,500,000 underlying)
Footnotes (2)
- [F1]Represents a cashless exercise of outstanding stock options to purchase shares of Class A Common Stock. The Reporting Person received 1,010,993 shares of Class A Common Stock and surrendered 1,489,007 shares of Class A Common Stock underlying the stock option in payment of the exercise price and tax withholding obligations.
- [F2]Options granted under the ContextLogic Inc. 2010 Stock Plan. The option shares vested and became exercisable with respect to 1/48th of the total shares monthly beginning on December 17, 2013.