Marshall Heinberg - Apr 19, 2025 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role
Director
Signature
/s/ Marianne Lewis, Attorney-in-Fact
Stock symbol
LOGC
Transactions as of
Apr 19, 2025
Transactions value $
$0
Form type
4
Date filed
4/21/2025, 08:44 PM
Previous filing
Apr 2, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOGC Class A Common Stock Options Exercise $0 +25.7K $0.00 25.7K Apr 19, 2025 Direct F1

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 Unit Options Exercise $0 -25.7K -100% $0.00 0 Apr 19, 2025 Class A Common Stock 25.7K $0.00 Direct 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. This reported transaction represents the settlement of RSUs vested as of April 19, 2025.
F2 This reported transaction represents the settlement of RSUs vested as of April 19, 2025.
F3 The RSUs were granted in connection with the Reporting Person's service as a member of the Board of Directors for the Issuer. Subject to the Reporting Person's continued service, the RSUs will vest in full on the one-year anniversary of the date of grant based upon continued service, or on a pro-rata basis upon termination of service, including resignation before vesting. Upon termination of service, the Board in its discretion may fully vest the Reporting Person's RSUs. RSUs will fully vest in connection with the occurrence of a change in control or any other transaction the Board designates as a "special transaction". 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 Issuer have agreed in writing to a later settlement date pursuant to the procedures the Issuer may prescribe at its discretion).