Stephanie Tilenius - Apr 15, 2023 Form 4 Insider Report for ContextLogic Inc. (WISH)

Role
Director
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
WISH
Transactions as of
Apr 15, 2023
Transactions value $
$0
Form type
4
Date filed
4/18/2023, 08:47 PM
Previous filing
Apr 11, 2023
Next filing
Aug 17, 2023
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 +4.75K +229.69% $0.00 6.82K Apr 15, 2023 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 -4.75K -100% $0.00* 0 Apr 15, 2023 Class A Common Stock 4.75K $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 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 April 15, 2023.
F2 Reflects shares adjusted to give effect to a 1-for-30 reverse stock split which was effective April 12, 2023.
F3 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.
F4 This reported transaction represents the settlement of RSUs vested as of April 15, 2023.