0001209191-21-061064.txt : 20211019
0001209191-21-061064.hdr.sgml : 20211019
20211019203240
ACCESSION NUMBER: 0001209191-21-061064
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211015
FILED AS OF DATE: 20211019
DATE AS OF CHANGE: 20211019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Bradley Julie MB
CENTRAL INDEX KEY: 0001333488
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39775
FILM NUMBER: 211332486
MAIL ADDRESS:
STREET 1: C/O TRIPADVISOR, INC.
STREET 2: 141 NEEDHAM STREET
CITY: NEWTON
STATE: MA
ZIP: 02464
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 33RD FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
BUSINESS PHONE: 415-432-7323
MAIL ADDRESS:
STREET 1: ONE SANSOME STREET 33RD FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-10-15
0
0001822250
ContextLogic Inc.
WISH
0001333488
Bradley Julie MB
ONE SANSOME STREET, 33RD FLOOR
SAN FRANCISCO
CA
94104
1
0
0
0
Restricted Stock Unit
0.00
2021-10-15
4
M
0
27777
0.00
D
2027-12-04
Class B Common Stock
27777
83333
D
Class B Common Stock
2021-10-15
4
M
0
27777
0.00
A
Class A Common Stock
27777
27777
D
This reported transaction represents the settlement of RSUs vested as of October 15, 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 employment, 25% of the RSUs will vest annually beginning on October 14, 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 sale 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.
/s/ Renee Jackson, Attorney-in-Fact
2021-10-19