0001209191-21-041795.txt : 20210617 0001209191-21-041795.hdr.sgml : 20210617 20210617210856 ACCESSION NUMBER: 0001209191-21-041795 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210615 FILED AS OF DATE: 20210617 DATE AS OF CHANGE: 20210617 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Chuang Peiyen CENTRAL INDEX KEY: 0001831819 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39775 FILM NUMBER: 211026861 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: 1231 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 2021-06-15 0 0001822250 ContextLogic Inc. WISH 0001831819 Chuang Peiyen ONE SANSOME STREET, 40TH FLOOR SAN FRANCISCO CA 94104 0 1 0 0 Vice President of Operations Restricted Stock Unit 0.00 2021-06-15 4 M 0 270 0.00 D 2023-06-20 Class B Common Stock 270 0 D Class B Common Stock 2021-06-15 4 M 0 270 0.00 A Class A Common Stock 270 43131 D Restricted Stock Unit 0.00 2021-06-15 4 M 0 340 0.00 D 2024-05-25 Class B Common Stock 340 3670 D Class B Common Stock 2021-06-15 4 M 0 340 0.00 A Class A Common Stock 340 43471 D Restricted Stock Unit 0.00 2021-06-15 4 M 0 350 0.00 D 2025-08-19 Class B Common Stock 350 7980 D Class B Common Stock 2021-06-15 4 M 0 350 0.00 A Class A Common Stock 350 43821 D Restricted Stock Unit 0.00 2021-06-15 4 M 0 2630 0.00 D 2026-02-05 Class B Common Stock 2630 50030 D Class B Common Stock 2021-06-15 4 M 0 2630 0.00 A Class A Common Stock 2630 46451 D Restricted Stock Unit 0.00 2021-06-15 4 M 0 730 0.00 D 2026-05-02 Class B Common Stock 730 19270 D Class B Common Stock 2021-06-15 4 M 0 730 0.00 A Class A Common Stock 730 47181 D Restricted Stock Unit 0.00 2021-06-15 4 M 0 2083 0.00 D 2027-09-09 Class B Common Stock 2083 81253 D Class B Common Stock 2021-06-15 4 M 0 2083 0.00 A Class A Common Stock 2083 49264 D This reported transaction represents the settlement of RSUs vested as of June 15, 2021. 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, 20% of the RSUs vested on July 1, 2017, and an additional 1/48th of the remaining RSUs vest quarterly thereafter for a period of 4 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, 20% of the RSUs vested on April 24, 2018, and an additional 1/48th of the remaining RSUs vest quarterly thereafter for a period of 4 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, 20% of the RSUs vested on May 1, 2019, and an additional 1/60th of the RSUs vest monthly thereafter for a period of 4 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, 1/4th of the RSUs vested on January 1, 2020, and 1/36th of the remaining 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, the RSUs vest on a monthly basis over a period of 4 years beginning on April 1, 2019, with 10% of the total RSUs vesting over the first year, 20% of the total vesting over the second year, 30% of the total vesting over the third year, and 40% of the total vesting over the fourth year. 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, 1/48th of the RSUs vest monthly for a period of 4 years beginning on October 1, 2020. /s/ Jilliana Wong, Attorney-in-Fact 2021-06-17