4/A//SEC Filing
Kassaei Hamid Reza 4/A
Accession 0001209191-23-003763
CIK 0001822250other
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 4:35 PM ET
Size
10.2 KB
Accession
0001209191-23-003763
Insider Transaction Report
Form 4/AAmended
Kassaei Hamid Reza
Chief Technology Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2022-08-15+380,714→ 816,608 total - Tax Payment
Class A Common Stock
2022-08-15$1.66/sh−188,759$313,340→ 627,849 total - Exercise/Conversion
Restricted Stock Unit
2022-08-15−270,062→ 2,700,617 totalExercise: $0.00→ Class A Common Stock (270,062 underlying)
Footnotes (5)
- [F1]On August 17, 2022, the Reporting Person filed a Form 4 that inadvertently stated the incorrect number of shares settled and withheld, and those numbers are corrected in this Form 4.
- [F2]This number reflects the corrected number of aggregate Restricted Stock Units ("RSUs") settled as of August 15, 2022.
- [F3]Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs reported on the original Form 4, as adjusted for the correction noted in this Form 4 filing.
- [F4]This reported transaction represents the settlement of RSUs vested as of August 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 0001866873
Filing Metadata
- Form type
- 4/A
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 4:35 PM ET
- Size
- 10.2 KB