Hamid Reza Kassaei - Aug 15, 2021 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role: Chief Technology Officer
Signature: Renee Jackson, Attorney-in-Fact
Stock symbol: WISH
Transactions as of: Aug 15, 2021
Transactions value $: -$294,597
Form type: 4
Date filed: 8/19/2021, 09:44 PM
Previous filing: Jul 12, 2021
Next filing: Nov 17, 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WISH	Class A Common Stock	Options Exercise	$0	+111K		$0.00	111K	Aug 15, 2021	Direct
transaction	WISH	Class A Common Stock	Sale	-$295K	-42.6K	-38.49%	$6.92	68.1K	Aug 16, 2021	Direct	F1, 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	WISH	Restricted Stock Unit	Options Exercise	$0	-111K	-6.25%	$0.00	1.66M	Aug 15, 2021	Class A Common Stock	111K	$0.00	Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units ("RSUs"). The sale is mandated by the Issuer's election to require the satisfaction of tax withholdings obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices with the range of $6.750 to $6.930, inclusive. The Reporting Person undertakes to provide, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3	This reported transaction represents the settlement of RSUs vested as of August 15, 2021.
F4	Each RSU represents a contingent right to receive on share of Issuer's Class A Common Stock. Subject to the reporting person's continuous service, 6.25% of the RSUs will vest on a quarterly basis beginning on August 15, 2021 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). Vested RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date (unless the Reporting Person and the Company have agreed in writing to a later settlement date pursuant to procedures the Company may prescribe at its discretion).