0001209191-21-012966.txt : 20210222
0001209191-21-012966.hdr.sgml : 20210222
20210222201142
ACCESSION NUMBER: 0001209191-21-012966
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210222
FILED AS OF DATE: 20210222
DATE AS OF CHANGE: 20210222
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Szulczewski Piotr
CENTRAL INDEX KEY: 0001832163
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39775
FILM NUMBER: 21662556
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
2021-02-22
0
0001822250
ContextLogic Inc.
WISH
0001832163
Szulczewski Piotr
ONE SANSOME STREET, 40TH FLOOR
SAN FRANCISCO
CA
94104
1
1
1
0
Founder, CEO, and Chairperson
Restricted Stock Unit
0.00
2021-02-22
4
M
0
2388860
0.00
D
2022-05-21
Class B Common Stock
2388860
0
D
Class B Common Stock
2021-02-22
4
M
0
2388860
0.00
A
Class A Common Stock
2388860
53883100
D
Restricted Stock Unit
0.00
2021-02-22
4
M
0
688320
0.00
D
2023-06-20
Class B Common Stock
688320
0
D
Class B Common Stock
2021-02-22
4
M
0
688320
0.00
A
Class A Common Stock
688320
54571420
D
Restricted Stock Unit
0.00
2021-02-22
4
M
0
2366420
0.00
D
2024-05-25
Class B Common Stock
2366420
215130
D
Class B Common Stock
2021-02-22
4
M
0
2366420
0.00
A
Class A Common Stock
2366420
56937840
D
Restricted Stock Unit
0.00
2021-02-22
4
M
0
476945
0.00
D
2025-02-09
Class B Common Stock
476945
340695
D
Class B Common Stock
2021-02-22
4
M
0
476945
0.00
A
Class A Common Stock
476945
57414785
D
Restricted Stock Unit
0.00
2021-02-22
4
M
0
3648866
0.00
D
2025-09-23
Class B Common Stock
3648866
2838024
D
Class B Common Stock
2021-02-22
4
M
0
3648866
0.00
A
Class A Common Stock
3648866
61063651
D
This reported transaction represents the settlement of RSUs vested as of December 31, 2020.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 25% of the RSUs vested on January 1, 2016, and an additional 1/48th of the RSUs vest 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.
Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except certain permitted transfers.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 25% of the RSUs vested on June 1, 2017, and an additional 1/36th of the RSUs vest monthly thereafter for a period of 3 years.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 25% of the RSUs vested on April 24, 2018, and an additional 1/48th of the RSUs vest monthly thereafter for a period of 3 years.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 1/60th of the RSUs vest monthly beginning on February 1, 2018 for a period of 5 years.
Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued employment, 1/48th of the RSUs vest on a monthly basis beginning on October 23, 2018 for a period of 4 years.
/s/ Piotr Szulczewski
2021-02-22