0001209191-22-054017.txt : 20221018
0001209191-22-054017.hdr.sgml : 20221018
20221018194735
ACCESSION NUMBER: 0001209191-22-054017
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20221015
FILED AS OF DATE: 20221018
DATE AS OF CHANGE: 20221018
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shah Devang
CENTRAL INDEX KEY: 0001591054
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39775
FILM NUMBER: 221317028
MAIL ADDRESS:
STREET 1: 699 8TH STREET
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94103
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
2022-10-15
0
0001822250
ContextLogic Inc.
WISH
0001591054
Shah Devang
ONE SANSOME STREET, 33RD FLOOR
SAN FRANCISCO
CA
94104
0
1
0
0
GC, Sec, Chief Admin Officer
Class A Common Stock
2022-10-15
4
M
0
22638
0.00
A
238433
D
Class A Common Stock
2022-10-15
4
F
0
11225
0.69
D
227208
D
Restricted Stock Unit
0.00
2022-10-15
4
M
0
9560
0.00
D
2025-05-31
Class A Common Stock
9560
38250
D
Restricted Stock Unit
0.00
2022-10-15
4
M
0
7870
0.00
D
2026-05-02
Class A Common Stock
7870
47220
D
Restricted Stock Unit
0.00
2022-10-15
4
M
0
5208
0.00
D
2027-09-09
Class A Common Stock
5208
119800
D
The Reporting Person received restricted stock units ("RSUs") which represent a contingent right to receive on share of Issuer's Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of October 15, 2022.
Represents the number of shares held by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continued service, 20% of the RSUs vested on February 5, 2019, and 1/60th of the RSUs vest monthly thereafter for a period of 4 years.
This reported transaction represents the settlement of RSUs vested as of October 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 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 A 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/ Marianne Lewis, Attorney-in-Fact
2022-10-18