4//SEC Filing
Bahri Rajat 4
Accession 0001209191-21-047237
CIK 0001822250other
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 6:40 PM ET
Size
23.7 KB
Accession
0001209191-21-047237
Insider Transaction Report
Form 4
Bahri Rajat
Chief Financial Officer
Transactions
- Exercise/Conversion
Restricted Stock Unit
2021-07-15−4,956→ 89,208 totalExercise: $0.00Exp: 2025-02-09→ Class B Common Stock (4,956 underlying) - Exercise/Conversion
Class B Common Stock
2021-07-15+4,956→ 226,475 total→ Class A Common Stock (4,956 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-07-15−2,640→ 47,390 totalExercise: $0.00Exp: 2026-02-05→ Class B Common Stock (2,640 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-07-15−36,850→ 921,620 totalExercise: $0.00Exp: 2026-05-02→ Class B Common Stock (36,850 underlying) - Exercise/Conversion
Restricted Stock Unit
2021-07-15−5,208→ 197,920 totalExercise: $0.00Exp: 2027-09-09→ Class B Common Stock (5,208 underlying) - Exercise/Conversion
Class B Common Stock
2021-07-15+36,850→ 265,965 total→ Class A Common Stock (36,850 underlying) - Exercise/Conversion
Class B Common Stock
2021-07-15+5,208→ 271,173 total→ Class A Common Stock (5,208 underlying) - Exercise/Conversion
Class B Common Stock
2021-07-15+2,640→ 229,115 total→ Class A Common Stock (2,640 underlying)
Footnotes (7)
- [F1]This reported transaction represents the settlement of RSUs vested as of July 15, 2021.
- [F2]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 on a monthly basis beginning on February 1, 2018 for a period of 5 years.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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 May 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.
- [F7]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 1, 2020 for a period of 4 years.
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001314300
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 6:40 PM ET
- Size
- 23.7 KB