0000950170-24-061879.txt : 20240517
0000950170-24-061879.hdr.sgml : 20240517
20240517171752
ACCESSION NUMBER: 0000950170-24-061879
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240515
FILED AS OF DATE: 20240517
DATE AS OF CHANGE: 20240517
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Just Brett
CENTRAL INDEX KEY: 0001833840
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39775
FILM NUMBER: 24961354
MAIL ADDRESS:
STREET 1: ONE SANSOME STREET 40TH FLOOR
CITY: SAN FRANCISCO
STATE: CA
ZIP: 94104
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ContextLogic Inc.
CENTRAL INDEX KEY: 0001822250
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961]
ORGANIZATION NAME: 07 Trade & Services
IRS NUMBER: 272930953
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2648 INTERNATIONAL BLVD., SUITE 115
CITY: OAKLAND
STATE: CA
ZIP: 94601
BUSINESS PHONE: 415-432-7323
MAIL ADDRESS:
STREET 1: 2648 INTERNATIONAL BLVD., SUITE 115
CITY: OAKLAND
STATE: CA
ZIP: 94601
4
1
ownership.xml
4
X0508
4
2024-05-15
0001822250
ContextLogic Inc.
WISH
0001833840
Just Brett
2648 INTERNATIONAL BLVD., STE 115
OAKLAND
CA
94601
false
true
false
false
Chief Financial Officer
false
Class A Common Stock
2024-05-15
4
M
false
8620
0
A
21070
D
Class A Common Stock
2024-05-16
4
S
false
4369
5.6401
D
16701
D
Restricted Stock Unit
2024-05-15
4
M
false
8620
0
D
Class A Common Stock
8620
25862
D
The Reporting Person previously received Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of May 15, 2024.
The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.64 to $5.665. 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.
Subject to the Reporting Person's continued service, 25% of the RSUs will vest on May 15, 2024 and an additional 18.75% of the RSUs will vest on a quarterly basis thereafter beginning on August 15, 2024 (with all quarterly vesting events occuring 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).
/s/ Joanna Forster, Attorney-in-Fact
2024-05-17