Home > Insider Trading > Filing (0001209191-21-041797)

Filing Details

Accession Number:: 0001209191-21-041797
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-06-17 21:09:47
Reporting Period:: 2021-06-15

Accepted Time:: 2021-06-17 21:09:47
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1822250	Contextlogic Inc.	WISH	Retail-Catalog & Mail-Order Houses (5961)	272930953

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1833840	Brett Just	One Sansome Street, 40Th Floor San Francisco CA 94104	Chief Accounting Officer	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2021-06-15	3,083	$11.72	28,674	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Restricted Stock Unit	Disposition	2021-06-15	1,090	$0.00	1,090	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-06-15	1,090	$0.00	1,090	$0.00
Class B Common Stock	Restricted Stock Unit	Disposition	2021-06-15	140	$0.00	140	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-06-15	140	$0.00	140	$0.00
Class B Common Stock	Restricted Stock Unit	Disposition	2021-06-15	770	$0.00	770	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-06-15	770	$0.00	770	$0.00
Class B Common Stock	Restricted Stock Unit	Disposition	2021-06-15	92	$0.00	92	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-06-15	92	$0.00	92	$0.00
Class B Common Stock	Restricted Stock Unit	Disposition	2021-06-15	614	$0.00	614	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-06-15	614	$0.00	614	$0.00
Class B Common Stock	Restricted Stock Unit	Disposition	2021-06-15	798	$0.00	798	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2021-06-15	798	$0.00	798	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
16,380	2024-10-23	No	4	M	Direct
8,429		No	4	M	Direct
3,140	2025-08-19	No	4	M	Direct
8,569		No	4	M	Direct
14,720	2026-02-05	No	4	M	Direct
9,339		No	4	M	Direct
2,028	2026-05-02	No	4	M	Direct
9,431		No	4	M	Direct
15,982	2026-11-22	No	4	M	Direct
10,045		No	4	M	Direct
31,148	2027-09-28	No	4	M	Direct
10,843		No	4	M	Direct

Footnotes

The sales reported on this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 2021.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 20% of the RSUs vested on September 5, 2018, and an additional 1/60th of the remaining RSUs vest monthly thereafter for a period of 5 years.
This reported transaction represents the settlement of RSUs vested as of June 15, 2021.
All shares of Class B Common Stock will automatically convert, on a one-for-one basis, into shares of Class A Common Stock on the earliest of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the 7-year anniversary of the closing date of the issuer's initial public offering, (iii) the date on which the number of outstanding shares of Class B Common Stock represents less than 5% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock, (iv) the date specified by a vote of the holders of a majority of the then outstanding shares of Class B common stock, or (v) a date that is between 90 and 270 days, as determined by the board of directors, after the death or permanent incapacity of the issuer's founder, CEO, and Chairperson.
Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except certain permitted transfers.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 20% of the RSUs vested on May 1, 2019, and an additional 1/60th of the remaining RSUs vest monthly thereafter for a period of 5 years.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 25% of the RSUs vested on January 1, 2020, and 1/36th of the RSUs vest monthly thereafter for a period of 3 years.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 1/48th of the RSUs vest monthly for a period of 4 years beginning on May 1, 2019.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 1/48th of the RSUs vest monthly for a period of 4 years beginning on September 1, 2019.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 1/48th of the RSUs vest monthly for a period of 4 years beginning on October 1, 2020.