0001209191-21-041793.txt : 20210617
0001209191-21-041793.hdr.sgml : 20210617
20210617210749
ACCESSION NUMBER: 0001209191-21-041793
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210615
FILED AS OF DATE: 20210617
DATE AS OF CHANGE: 20210617
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bahri Rajat
CENTRAL INDEX KEY: 0001314300
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39775
FILM NUMBER: 211026859
MAIL ADDRESS:
STREET 1: C/O TRIMBLE NAVIGATION LIMITED
STREET 2: 935 STEWART DRIVE
CITY: SUNNYVALE
STATE: CA
ZIP: 94085
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ContextLogic Inc.
CENTRAL INDEX KEY: 0001822250
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
IRS NUMBER: 272930953
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE SANSOME STREET 40TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
BUSINESS PHONE: 415-432-7323
MAIL ADDRESS:
STREET 1: ONE SANSOME STREET 40TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-06-15
0
0001822250
ContextLogic Inc.
WISH
0001314300
Bahri Rajat
ONE SANSOME STREET, 40TH FLOOR
SAN FRANCISCO
CA
94104
0
1
0
0
Chief Financial Officer
Restricted Stock Unit
0.00
2021-06-15
4
M
0
124200
0.00
D
2024-01-05
Class B Common Stock
124200
248400
D
Class B Common Stock
2021-06-15
4
M
0
124200
0.00
A
Class A Common Stock
124200
259911
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
4956
0.00
D
2025-02-09
Class B Common Stock
4956
94164
D
Class B Common Stock
2021-06-15
4
M
0
4956
0.00
A
Class A Common Stock
4956
264867
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
2630
0.00
D
2026-02-05
Class B Common Stock
2630
50030
D
Class B Common Stock
2021-06-15
4
M
0
2630
0.00
A
Class A Common Stock
2630
267497
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
36850
0.00
D
2026-05-02
Class B Common Stock
36850
958470
D
Class B Common Stock
2021-06-15
4
M
0
36850
0.00
A
Class A Common Stock
36850
304347
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
5208
0.00
D
2027-09-09
Class B Common Stock
5208
203128
D
Class B Common Stock
2021-06-15
4
M
0
5208
0.00
A
Class A Common Stock
5208
309555
D
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 December 7, 2017, and an additional 5% of the RSUs vest quarterly thereafter for a period of 4 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, 1/60th of the RSUs vest on a monthly basis beginning on February 1, 2018 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, 1/4th of the RSUs vested on January 1, 2020, and 1/36th of the remaining 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, the RSUs vest on a monthly basis over a period of 4 years beginning on May 1, 2019, with 10% of the total RSUs vesting over the first year, 20% of the total vesting over the second year, 30% of the total vesting over the third year, and 40% of the total vesting over the fourth year.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued employment, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years.
/s/ Jilliana Wong, Attorney-in-Fact
2021-06-17