Brett Just - May 15, 2025 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
LOGC
Transactions as of
May 15, 2025
Transactions value $
-$24,460
Form type
4
Date filed
5/19/2025, 04:05 PM
Previous filing
Feb 19, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Just Brett Chief Financial Officer 2648 INTERNATIONAL BLVD., STE 115, OAKLAND /s/ Marianne Lewis, Attorney-in-Fact 2025-05-19 0001833840

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOGC Class A Common Stock Options Exercise $0 +6.47K +24.69% $0.00 32.7K May 15, 2025 Direct F1
transaction LOGC Class A Common Stock Tax liability -$24.5K -3.3K -10.11% $7.41 29.3K May 16, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LOGC Restricted Stock Units Options Exercise $0 -6.47K -100% $0.00 0 May 15, 2025 Class A Common Stock 6.47K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person previously received Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Class A Common Stock, $0.0001 par value, for each RSU. This reported transaction represents the settlement of RSUs vested as of May 15, 2025.
F2 The sale reported on this Form 4 represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F3 The RSUs became fully vested on May 15, 2025.