0001209191-21-041797.txt : 20210617
0001209191-21-041797.hdr.sgml : 20210617
20210617210947
ACCESSION NUMBER: 0001209191-21-041797
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: Just Brett
CENTRAL INDEX KEY: 0001833840
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39775
FILM NUMBER: 211026870
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
0001833840
Just Brett
ONE SANSOME STREET, 40TH FLOOR
SAN FRANCISCO
CA
94104
0
1
0
0
Chief Accounting Officer
Class A Common Stock
2021-06-15
4
S
0
3083
11.72
D
28674
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
1090
0.00
D
2024-10-23
Class B Common Stock
1090
16380
D
Class B Common Stock
2021-06-15
4
M
0
1090
0.00
A
Class A Common Stock
1090
8429
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
140
0.00
D
2025-08-19
Class B Common Stock
140
3140
D
Class B Common Stock
2021-06-15
4
M
0
140
0.00
A
Class A Common Stock
140
8569
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
770
0.00
D
2026-02-05
Class B Common Stock
770
14720
D
Class B Common Stock
2021-06-15
4
M
0
770
0.00
A
Class A Common Stock
770
9339
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
92
0.00
D
2026-05-02
Class B Common Stock
92
2028
D
Class B Common Stock
2021-06-15
4
M
0
92
0.00
A
Class A Common Stock
92
9431
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
614
0.00
D
2026-11-22
Class B Common Stock
614
15982
D
Class B Common Stock
2021-06-15
4
M
0
614
0.00
A
Class A Common Stock
614
10045
D
Restricted Stock Unit
0.00
2021-06-15
4
M
0
798
0.00
D
2027-09-28
Class B Common Stock
798
31148
D
Class B Common Stock
2021-06-15
4
M
0
798
0.00
A
Class A Common Stock
798
10843
D
The sales reported on this Form 4 were effected by an automatic sale pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 16, 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 September 5, 2018, and an additional 1/60th of the remaining RSUs vest monthly thereafter for a period of 5 years.
This reported transaction represents the settlement of RSUs vested as of June 15, 2021.
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 May 1, 2019, and an additional 1/60th of the remaining RSUs vest monthly thereafter 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 service, 25% of the RSUs vested on January 1, 2020, and 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, 1/48th of the RSUs vest monthly for a period of 4 years beginning on May 1, 2019.
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 September 1, 2019.
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