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