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Filing Details

Accession Number:: 0001209191-22-046523
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-08-17 21:48:49
Reporting Period:: 2022-08-15

Accepted Time:: 2022-08-17 21:48:49
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
1870859	Kumar Tarun Jain	One Sansome Street, 33Rd Floor San Francisco CA 94104	Chief Product 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	2022-08-15	386,823	$0.00	638,517	No	4	M	Direct
Class A Common Stock	Disposition	2022-08-15	191,788	$1.66	446,729	No	4	F	Direct
Class A Common Stock	Disposition	2022-08-17	88,000	$1.67	358,729	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	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 A Common Stock	Restricted Stock Unit	Disposition	2022-08-15	92,210	$0.00	92,210	$0.00
Class A Common Stock	Restricted Stock Unit	Disposition	2022-08-15	294,613	$0.00	294,613	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,014,311			No	4	M	Direct
2,651,515			No	4	M	Direct

Footnotes

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 August 15, 2022.
Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
The sales reported in this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 3, 2021.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions in prices ranging from $1.64 to $1.73. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
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, 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).
This reported transaction represents the settlement of RSUs vested as of August 15, 2022.
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, 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, April 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 the procedures the Company may prescribe at its discretion).