4//SEC Filing
Louis Jerry 4
Accession 0000950170-23-043340
CIK 0001822250other
Filed
Aug 16, 8:00 PM ET
Accepted
Aug 17, 9:26 PM ET
Size
17.0 KB
Accession
0000950170-23-043340
Insider Transaction Report
Form 4
Louis Jerry
Chief Technology Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2023-08-15−4,167→ 16,667 totalExercise: $0.00→ Class A Common Stock (4,167 underlying) - Tax Payment
Class A Common Stock
2023-08-15$5.57/sh−5,380$29,967→ 25,026 total - Exercise/Conversion
Restricted Stock Unit
2023-08-15−496→ 1,488 totalExercise: $0.00→ Class A Common Stock (496 underlying) - Exercise/Conversion
Restricted Stock Unit
2023-08-15−9,523→ 85,715 totalExercise: $0.00→ Class A Common Stock (9,523 underlying) - Exercise/Conversion
Class A Common Stock
2023-08-15+15,551→ 30,406 total - Exercise/Conversion
Restricted Stock Unit
2023-08-15−1,365→ 12,282 totalExercise: $0.00→ Class A Common Stock (1,365 underlying)
Footnotes (8)
- [F1]The Reporting Person received restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of August 15, 2023.
- [F2]Includes 166 shares acquired under the Issuer's employee stock purchase plan on May 19, 2023.
- [F3]Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
- [F4]This reported transaction represents the settlement of RSUs vested as of August 15, 2023.
- [F5]Each RSU represents a contingent right to receive one share of Class A Common Stock. Subject to the Reporting Person's continued service, 25% of the RSUs vested on March 9, 2021, and an additional 1/36 of the remaining RSUs vest monthly thereafter for a period of 3 years.
- [F6]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 12.5% of the RSUs will vest on a quarterly basis beginning on February 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
- [F7]Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the Reporting Person's continuous service, 12.5% of the RSUs will vest on a quarterly basis beginning on November 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
- [F8]Subject to the Reporting Person's continuous service, 10% of the RSUs will vest on a quarterly basis beginning on May 15, 2023 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001967598
Filing Metadata
- Form type
- 4
- Filed
- Aug 16, 8:00 PM ET
- Accepted
- Aug 17, 9:26 PM ET
- Size
- 17.0 KB