4//SEC Filing
Shah Devang 4
Accession 0001209191-23-010912
CIK 0001822250other
Filed
Feb 16, 7:00 PM ET
Accepted
Feb 17, 7:11 PM ET
Size
22.8 KB
Accession
0001209191-23-010912
Insider Transaction Report
Form 4
Shah Devang
General Counsel and Secretary
Transactions
- Tax Payment
Class A Common Stock
2023-02-15$0.95/sh−208,031$196,610→ 536,349 total - Exercise/Conversion
Restricted Stock Unit
2023-02-15−7,870→ 15,740 totalExercise: $0.00Exp: 2026-05-02→ Class A Common Stock (7,870 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-02-15−5,208→ 98,968 totalExercise: $0.00Exp: 2027-09-09→ Class A Common Stock (5,208 underlying) - Exercise/Conversion
Class A Common Stock
2023-02-15+410,459→ 744,380 total - Exercise/Conversion
Restricted Stock Unit
2023-02-15−9,570→ 0 totalExercise: $0.00Exp: 2025-05-31→ Class A Common Stock (9,570 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-02-15−14,740→ 132,666 totalExercise: $0.00→ Class A Common Stock (14,740 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-02-15−154,321→ 1,234,568 totalExercise: $0.00→ Class A Common Stock (154,321 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-02-15−218,750→ 1,531,250 totalExercise: $0.00→ Class A Common Stock (218,750 underlying)
Footnotes (9)
- [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 February 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 February 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.
- [F7]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).
- [F8]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, 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).
- [F9]Subject to the Reporting Person's continuous service, 1/8th of the RSUs will vest on a quarterly basis beginning on November 15, 2022 (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).
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001591054
Filing Metadata
- Form type
- 4
- Filed
- Feb 16, 7:00 PM ET
- Accepted
- Feb 17, 7:11 PM ET
- Size
- 22.8 KB