Bobbili Raja 4
4 · ContextLogic Holdings Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
ContextLogic (LOGC) 10% Owner Bobbili Raja Buys 71,000 Shares
What Happened
Bobbili Raja, reported as a 10% owner (managing member of related entities), acquired a total of 71,000 ContextLogic (LOGC) shares in three open-market purchases between Mar 12 and Mar 16, 2026. Trades: 6,500 shares @ $8.00 ($52,000) on 3/12; 35,229 shares @ $8.20 weighted avg ($288,927) on 3/13; and 29,271 shares @ $8.34 weighted avg ($244,132) on 3/16. These were purchases (buying stock), which investors often view as a more informative/bullish action than sales, though no motive is stated.
Key Details
- Transaction dates & prices:
- 2026-03-12: 6,500 shares @ $8.00 = $52,000.
- 2026-03-13: 35,229 shares @ $8.20 (weighted avg; individual prices ranged ~$8.10–$8.24) = $288,927.
- 2026-03-16: 29,271 shares @ $8.34 (weighted avg; individual prices ranged ~$8.20–$8.50) = $244,132.
- Total purchased: 71,000 shares for ~$585,059.
- Shares reported beneficially owned after transaction: 18,269,534 shares held across Abrams and Riva fund entities (per footnote disclosure).
- Notable footnotes: Reporting person is managing member of an estate planning vehicle and general partner entities and disclaims beneficial ownership except to the extent of pecuniary interest (F1, F4, F5). Weighted-average prices and price ranges are noted; the filer will provide breakdowns on request (F2, F3).
- Filing: Form 4 filed 2026-03-16 covering trades through 2026-03-16 (appears to be filed within the usual Section 16 reporting window).
Context
This filing reflects purchases by a 10% owner through affiliated funds and vehicles rather than routine executive compensation or option exercises. Purchases by large holders can be notable, but the filing includes disclaimers about beneficial ownership and does not state the purchaser’s motivation.
Insider Transaction Report
- Purchase
Common Stock, par value $0.0001 per share
[F1]2026-03-12$8.00/sh+6,500$52,000→ 256,500 total(indirect: By estate planning vehicle) - Purchase
Common Stock, par value $0.0001 per share
[F2][F1]2026-03-13$8.20/sh+35,229$288,927→ 291,729 total(indirect: By estate planning vehicle) - Purchase
Common Stock, par value $0.0001 per share
[F3][F1]2026-03-16$8.34/sh+29,271$244,132→ 321,000 total(indirect: By estate planning vehicle)
- 18,269,534(indirect: See footnotes)
Common Stock, par value $0.0001 per share
[F4][F5]
Footnotes (5)
- [F1]The Reporting Person is the managing member of the estate planning vehicle. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- [F2]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.10 to $8.24, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth above.
- [F3]The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.20 to $8.50, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth above.
- [F4]Shares reported herein as beneficially owned represent 578,862 shares held by Abrams Capital Partners I, L.P. ("ACP I"), 7,897,244 shares held by Abrams Capital Partners II, L.P. ("ACP II"), 5,262,976 shares held by Riva Capital Partners V, L.P. ("Riva V") and 4,530,452 shares held by Riva Capital Partners VI, L.P. ("Riva VI").
- [F5]The Reporting Person is a member of (i) Abrams Capital, LLC, which is the general partner of each of ACP I and ACP II, (ii) Riva Capital Management V, LLC, which is the general partner of Riva V, and (iii) Riva Capital Management VI, LLC, which is the general partner of Riva VI. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.