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