Louis Jerry 4
4 · ContextLogic Inc. · Filed May 17, 2023
Insider Transaction Report
Form 4
Louis Jerry
Chief Technology Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2023-05-15−1,365→ 13,647 totalExercise: $0.00→ Class A Common Stock (1,365 underlying) - Exercise/Conversion
Class A Common Stock
2023-05-15+6,027→ 16,775 total - Tax Payment
Class A Common Stock
2023-05-15$8.02/sh−2,086$16,730→ 14,689 total - Exercise/Conversion
Restricted Stock Unit
2023-05-15−496→ 1,984 totalExercise: $0.00→ Class A Common Stock (496 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-05-15−4,166→ 20,834 totalExercise: $0.00→ Class A Common Stock (4,166 underlying)
Footnotes (6)
- [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 May 15, 2023.
- [F2]Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
- [F3]This reported transaction represents the settlement of RSUs vested as of May 15, 2023.
- [F4]Each RSU represents a contingent right to receive one share of Class A Common Stock. Subject to the Reporting Person's continued service, 25% of the RSUs vested on March 9, 2021, and an additional 1/36 of the remaining RSUs vest monthly thereafter for a period of 3 years.
- [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, 12.5% of the RSUs will vest on a quarterly basis beginning on February 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).
- [F6]Subject to the Reporting Person's continuous service, 10% of the RSUs will vest on a quarterly basis beginning on May 15, 2023 (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).