Tarun Kumar Jain - 15 Feb 2022 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role
Chief Product Officer
Signature
/s/ Renee Jackson, Attorney-in-Fact
Issuer symbol
WISH
Transactions as of
15 Feb 2022
Transactions value $
$0
Form type
4
Filing time
17 Feb 2022, 19:28:49 UTC
Previous filing
03 Dec 2021
Next filing
18 Feb 2022
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 +92.2K +100.43% $0.00 184K 15 Feb 2022 Direct

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 -92.2K -7.14% $0.00 1.2M 15 Feb 2022 Class A Common Stock 92.2K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU.
F2 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).
F3 This reported transaction represents the settlement of RSUs vested as of February 15, 2022.