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Filing Details

Accession Number:: 0001209191-22-038070
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-06-17 18:24:03
Reporting Period:: 2022-06-15

Accepted Time:: 2022-06-17 18:24:03
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
1831941	Pai Liu	One Sansome Street, 33Rd Floor San Francisco CA 94104	Chief Data Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2022-06-15	4,917	$0.00	100,206	No	4	C	Direct
Class A Common Stock	Disposition	2022-06-15	2,439	$1.73	97,767	No	4	F	Direct
Class A Common Stock	Disposition	2022-06-16	95,289	$1.68	2,478	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class B Common Stock	Restricted Stock Unit	Disposition	2022-06-15	2,460	$0.00	2,460	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2022-06-15	2,460	$0.00	2,460	$0.00
Class B Common Stock	Restricted Stock Unit	Disposition	2022-06-15	2,457	$0.00	2,457	$0.00
Class A Common Stock	Class B Common Stock	Acquisiton	2022-06-15	2,457	$0.00	2,457	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2022-06-15	4,917	$0.00	4,917	$0.00

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
39,320	2026-11-22	No	4	M	Direct
2,460		No	4	M	Direct
66,353	2027-09-09	No	4	M	Direct
4,917		No	4	M	Direct
0		No	4	C	Direct

Footnotes

Represents the conversion of Class B Common Stock, issued upon settlement of vested Restricted Stock Units ("RSUs"), into Class A Common Stock held of record by the Reporting Person.
Represents the number of shares held by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
This reported transaction represents the settlement of RSUs vested as of June 15, 2022.
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 September 23, 2020, and an additional 1/36th of the RSUs vest monthly thereafter for a period of 3 years.
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, 1/48th of the RSUs vest monthly beginning on October 1, 2020 for a period of 4 years.