Chuang Peiyen 4

Accession 0001209191-21-056771

CIK 0001822250other

View on SEC.gov Company Profile

Filed

Sep 16, 8:00 PM ET

Accepted

Sep 17, 8:25 PM ET

Size

32.6 KB

Accession

0001209191-21-056771

Insider Transaction Report

Form 4

Period: 2021-09-15

ContextLogic Inc.WISH

Chuang Peiyen

Vice President of Operations

Transactions

Exercise/Conversion
Restricted Stock Unit
2021-09-15−330→ 2,670 total
Exercise: $0.00Exp: 2024-05-25→ Class B Common Stock (330 underlying)
Exercise/Conversion
Restricted Stock Unit
2021-09-15−350→ 6,940 total
Exercise: $0.00Exp: 2025-08-19→ Class B Common Stock (350 underlying)
Exercise/Conversion
Restricted Stock Unit
2021-09-15−2,630→ 42,130 total
Exercise: $0.00Exp: 2026-02-05→ Class B Common Stock (2,630 underlying)
Exercise/Conversion
Class B Common Stock
2021-09-15+2,630→ 3,310 total
→ Class A Common Stock (2,630 underlying)
Exercise/Conversion
Class B Common Stock
2021-09-15+740→ 4,050 total
→ Class A Common Stock (740 underlying)
Exercise/Conversion
Restricted Stock Unit
2021-09-15−2,083→ 75,004 total
Exercise: $0.00Exp: 2027-09-09→ Class B Common Stock (2,083 underlying)
Conversion
Class B Common
2021-09-15−6,133→ 0 total
→ Class A Common Stock (6,133 underlying)
Conversion
Class A Common Stock
2021-09-15+6,133→ 189,616 total
Exercise/Conversion
Class B Common Stock
2021-09-15+330→ 330 total
→ Class A Common Stock (330 underlying)
Exercise/Conversion
Class B Common Stock
2021-09-15+350→ 680 total
→ Class A Common Stock (350 underlying)
Exercise/Conversion
Restricted Stock Unit
2021-09-15−740→ 17,060 total
Exercise: $0.00Exp: 2026-05-02→ Class B Common Stock (740 underlying)
Exercise/Conversion
Class B Common Stock
2021-09-15+2,083→ 6,133 total
→ Class A Common Stock (2,083 underlying)

Footnotes (9)

[F1]Represents the conversion of Class B Common Stock, issued upon settlement of vested Restricted Stock Units ("RSUs"), into Class A Common Stock held of record by the Reporting Person.
[F2]This reported transaction represents the settlement of RSUs vested as of September 15, 2021.
[F3]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 April 24, 2018, and an additional 1/48th of the remaining RSUs vest quarterly thereafter for a period of 4 years.
[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 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.
[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, 20% of the RSUs vested on May 1, 2019, and an additional 1/60th of the RSUs vest monthly thereafter for a period of 4 years.
[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 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.
[F8]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 April 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.
[F9]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.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

ContextLogic Inc.

CIK 0001822250

→

Entity typeother

Related Parties

filerCIK 0001831819

Filing Metadata

Form type: 4
Filed: Sep 16, 8:00 PM ET
Accepted: Sep 17, 8:25 PM ET
Size: 32.6 KB

View on SEC.gov