0001209191-21-003702.txt : 20210114 0001209191-21-003702.hdr.sgml : 20210114 20210114204252 ACCESSION NUMBER: 0001209191-21-003702 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210113 FILED AS OF DATE: 20210114 DATE AS OF CHANGE: 20210114 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Zhang Sheng CENTRAL INDEX KEY: 0001834926 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39775 FILM NUMBER: 21530297 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] IRS NUMBER: 272930953 STATE OF INCORPORATION: DE FISCAL YEAR END: 0610 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 2021-01-13 0 0001822250 ContextLogic Inc. WISH 0001834926 Zhang Sheng ONE SANSOME STREET, 40TH FLOOR SAN FRANCISCO CA 94104 0 0 1 0 Stock Option (right to buy) 0.001 2021-01-13 4 X 0 328130 0.00 D 2021-02-25 Class B Common Stock 328130 0 D Stock Option (right to buy) 0.03 2021-01-13 4 X 0 262500 0.00 D 2021-05-20 Class B Common Stock 262500 0 D Class B Common Stock 2021-01-13 4 X 0 328310 0.001 A Class A Common Stock 328130 862450 D Class B Common Stock 2021-01-13 4 X 0 262500 0.03 A Class A Common Stock 262500 1124950 D Class B Common Stock Class A Common Stock 821030 821030 I By ZLZ Trust Options granted under the ContextLogic, Inc. 2010 Stock Plan. 25% of the options vested on February 22, 2012 and an additional 1/48th of the options vested monthly thereafter for a period of 3 years. Options granted under the ContextLogic, Inc. 2010 Stock Plan. 25% of the options vested on May 20, 2012 and an additional 1/48th of the options vested monthly thereafter for a period of 3 years. 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. The shares are held directly by ZLZ Trust, of which the Reporting Person is a beneficiary. /s/ Devang Shah 2021-01-13