4//SEC Filing
Shah Devang 4
Accession 0001209191-23-003873
CIK 0001822250other
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 8:22 PM ET
Size
14.4 KB
Accession
0001209191-23-003873
Insider Transaction Report
Form 4
Shah Devang
General Counsel and Secretary
Transactions
- Exercise/Conversion
Class A Common Stock
2023-01-15+22,638→ 346,264 total - Tax Payment
Class A Common Stock
2023-01-15$0.65/sh−12,343$8,023→ 333,921 total - Exercise/Conversion
Restricted Stock Unit
2023-01-15−7,870→ 23,610 totalExercise: $0.00Exp: 2026-05-02→ Class A Common Stock (7,870 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-01-15−5,208→ 104,176 totalExercise: $0.00Exp: 2027-09-09→ Class A Common Stock (5,208 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-01-15−9,560→ 9,570 totalExercise: $0.00Exp: 2025-05-31→ Class A Common Stock (9,560 underlying)
Footnotes (6)
- [F1]The Reporting Person received restricted stock units ("RSUs") which represent a contingent right to receive on share of Issuer's Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of January 15, 2023.
- [F2]Represents the number of shares held 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 continued service, 20% of the RSUs vested on February 5, 2019, and 1/60th of the RSUs vest monthly thereafter for a period of 4 years.
- [F4]This reported transaction represents the settlement of RSUs vested as of January 15, 2023.
- [F5]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continued service, the RSUs vest on a monthly basis over a period of 4 years beginning on May 1, 2019, with 10% of the total RSUs vesting over the first year, 20% of the total vesting over the second year, 30% of the total vesting over the third year, and 40% of the total vesting over the fourth year.
- [F6]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continued employment, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years.
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001591054
Filing Metadata
- Form type
- 4
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 8:22 PM ET
- Size
- 14.4 KB