KUTSCHER LAWRENCE M 4
4 · ContextLogic Inc. · Filed May 2, 2023
Insider Transaction Report
Form 4
KUTSCHER LAWRENCE M
Director
Transactions
- Exercise/Conversion
Class A Common Stock
2023-05-01+165→ 165 total - Exercise/Conversion
Restricted Stock Unit
2023-05-01−165→ 0 total→ Class A Common Stock (165 underlying)
Footnotes (3)
- [F1]The Reporting Person received Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock for each RSU. This reported transaction represents the settlement of RSUs vested as of May 1, 2023.
- [F2]Reflects shares adjusted to give effect to a 1-for-30 reverse stock split which was effective April 12, 2023.
- [F3]The RSUs were granted in connection with the Reporting Person's service as a member of the Board of Directors of the Issuer. Subject to the Reporting Person's continuous service, the RSUs will vest in full on the earlier of the one-year anniversary of the date of grant or on the date of the regular annual meeting of the Issuer's stockholders following the date of grant.