Jun Yan - 27 Sep 2022 Form 4 Insider Report for ContextLogic Inc. (WISH)

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	Award	$0	+1.95M		$0.00	1.95M	27 Sep 2022	Class A Common Stock	1.95M		Direct	F1, F2, F3
transaction	WISH	Stock Option (Right to Buy)	Award	$0	+1.95M		$0.00	1.95M	27 Sep 2022	Class A Common Stock	1.95M	$1.54	Direct	F1, F4

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

Id	Content
F1	The Restricted Stock Units ("RSUs") and stock option represent inducement grants under the Company's 2022 New Employee Equity Incentive Plan.
F2	The Reporting Person was granted RSUs which represent a contingent right to receive one share of Company's Class A Common Stock for each RSU.
F3	Subject to the Reporting Person's continuous service, 50% of the RSUs will vest on May 15, 2023 and the remaining 50% will vest on November 15, 2023. 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 the procedures the Company may prescribe at its discretion).
F4	Subject to the Reporting Person's continuous service, 50% of the shares subject to the stock option will vest on March 27, 2023, and the remaining 50% of the shares subject to the stock option will vest on September 27, 2023.