4//SEC Filing
Farlekas Michael 4
Accession 0001213900-25-033887
CIK 0001822250other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 8:44 PM ET
Size
8.2 KB
Accession
0001213900-25-033887
Insider Transaction Report
Form 4
Farlekas Michael
Director
Transactions
- Exercise/Conversion
Restricted Stock Unit
2025-04-19−25,684→ 0 totalExercise: $0.00→ Class A Common Stock (25,684 underlying) - Exercise/Conversion
Class A Common Stock
2025-04-19+25,684→ 25,684 total
Footnotes (3)
- [F1]The Reporting Person was granted 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 April 19, 2025.
- [F2]This reported transaction represents the settlement of RSUs vested as of April 19, 2025.
- [F3]The RSUs were granted in connection with the Reporting Person's service as a member of the Board of Directors for the Issuer. Subject to the Reporting Person's continued service, the RSUs will vest in full on the one-year anniversary of the date of grant based upon continued service, or on a pro-rata basis upon termination of service, including resignation before vesting. Upon termination of service, the Board in its discretion may fully vest the Reporting Person's RSUs. RSUs will fully vest in connection with the occurrence of a change in control or any other transaction the Board designates as a "special transaction". 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 Issuer have agreed in writing to a later settlement date pursuant to the procedures the Issuer may prescribe at its discretion).
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001842996
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 8:44 PM ET
- Size
- 8.2 KB