4//SEC Filing
Bahri Rajat 4
Accession 0001209191-21-047859
CIK 0001822250other
Filed
Jul 21, 8:00 PM ET
Accepted
Jul 22, 7:04 PM ET
Size
16.7 KB
Accession
0001209191-21-047859
Insider Transaction Report
Form 4
Bahri Rajat
Chief Financial Officer
Transactions
- Conversion
Class B Common Stock
2021-05-15−323,305→ 0 total→ Class A Common Stock (323,305 underlying) - Conversion
Class A Common Stock
2021-07-15+49,654→ 1,110,248 total - Conversion
Class A Common Stock
2021-05-15+323,305→ 1,160,297 total - Conversion
Class B Common Stock
2021-07-15−49,654→ 0 total→ Class A Common Stock (49,654 underlying) - Conversion
Class A Common Stock
2021-06-15+173,844→ 1,148,630 total - Conversion
Class B Common Stock
2021-06-15−173,844→ 0 total→ Class A Common Stock (173,844 underlying)
Footnotes (5)
- [F1]Represents the conversion of Class B Common Stock, issued upon settlement of vested Restricted Stock Units, into Class A Common Stock held of record by the Reporting Person.
- [F2]Includes 2,083 shares acquired under ContextLogic Inc.'s employee stock purchase plan on May 20, 2021.
- [F3]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.
- [F4]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.
- [F5]The Reporting Person elected to convert the Class B Common Stock, issued upon settlement of vested Restricted Stock Units, to Class A Common Stock on a 1-for-1 basis.
Documents
Issuer
ContextLogic Inc.
CIK 0001822250
Entity typeother
Related Parties
1- filerCIK 0001314300
Filing Metadata
- Form type
- 4
- Filed
- Jul 21, 8:00 PM ET
- Accepted
- Jul 22, 7:04 PM ET
- Size
- 16.7 KB