4//SEC Filing
Jain Tarun Kumar 4
Accession 0001209191-22-057625
CIK 0001822250other
Filed
Nov 16, 7:00 PM ET
Accepted
Nov 17, 5:33 PM ET
Size
12.5 KB
Accession
0001209191-22-057625
Insider Transaction Report
Form 4
Jain Tarun Kumar
Chief Product Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2022-11-15+386,823→ 481,552 total - Tax Payment
Class A Common Stock
2022-11-15$0.80/sh−191,788$153,430→ 289,764 total - Exercise/Conversion
Restricted Stock Unit
2022-11-15−294,613→ 2,356,902 totalExercise: $0.00→ Class A Common Stock (294,613 underlying) - Exercise/Conversion
Restricted Stock Unit
2022-11-15−92,210→ 922,101 totalExercise: $0.00→ Class A Common Stock (92,210 underlying)
Footnotes (5)
- [F1]The Reporting Person received restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of November 15, 2022.
- [F2]Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
- [F3]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on August 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). 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 procedures the Company may prescribe at its discretion).
- [F4]This reported transaction represents the settlement of RSUs vested as of November 15, 2022.
- [F5]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continuous service, 1/12th of the RSUs will vest on a quarterly basis beginning on May 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, April 15, or November 15). 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).
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001870859
Filing Metadata
- Form type
- 4
- Filed
- Nov 16, 7:00 PM ET
- Accepted
- Nov 17, 5:33 PM ET
- Size
- 12.5 KB