0001209191-21-012969.txt : 20210222 0001209191-21-012969.hdr.sgml : 20210222 20210222201311 ACCESSION NUMBER: 0001209191-21-012969 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210222 FILED AS OF DATE: 20210222 DATE AS OF CHANGE: 20210222 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Bahri Rajat CENTRAL INDEX KEY: 0001314300 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39775 FILM NUMBER: 21662562 MAIL ADDRESS: STREET 1: C/O TRIMBLE NAVIGATION LIMITED STREET 2: 935 STEWART DRIVE CITY: SUNNYVALE STATE: CA ZIP: 94085 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ContextLogic Inc. CENTRAL INDEX KEY: 0001822250 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-CATALOG & MAIL-ORDER HOUSES [5961] IRS NUMBER: 272930953 STATE OF INCORPORATION: DE FISCAL YEAR END: 0610 BUSINESS ADDRESS: STREET 1: ONE SANSOME STREET 40TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-432-7323 MAIL ADDRESS: STREET 1: ONE SANSOME STREET 40TH FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2021-02-22 0 0001822250 ContextLogic Inc. WISH 0001314300 Bahri Rajat ONE SANSOME STREET, 40TH FLOOR SAN FRANCISCO CA 94104 0 1 0 0 Chief Financial Officer Restricted Stock Unit 0.00 2021-02-22 4 M 0 1987190 0.00 D 2024-01-05 Class B Common Stock 1987190 496800 D Class B Common Stock 2021-02-22 4 M 0 1987190 0.00 A Class A Common Stock 1987190 1987190 D Restricted Stock Unit 0.00 2021-02-22 4 M 0 173425 0.00 D 2025-02-09 Class B Common Stock 173425 123895 D Class B Common Stock 2021-02-22 4 M 0 173425 0.00 A Class A Common Stock 173425 2160615 D Restricted Stock Unit 0.00 2021-02-22 4 M 0 60550 0.00 D 2026-02-05 Class B Common Stock 60550 65820 D Class B Common Stock 2021-02-22 4 M 0 60550 0.00 A Class A Common Stock 60550 2221165 D Restricted Stock Unit 0.00 2021-02-22 4 M 0 343840 0.00 D 2026-05-02 Class B Common Stock 343840 1130450 D Class B Common Stock 2021-02-22 4 M 0 343840 0.00 A Class A Common Stock 343840 2565005 D Restricted Stock Unit 0.00 2021-02-22 4 M 0 15624 0.00 D 2027-09-09 Class B Common Stock 15624 234376 D Class B Common Stock 2021-02-22 4 M 0 15624 0.00 A Class A Common Stock 15624 2580629 D This reported transaction represents the settlement of RSUs vested as of December 31, 2020. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 20% of the RSUs vested on December 7, 2017, and an additional 5% of the RSUs vest quarterly thereafter for a period of 4 years. All shares of Class B Common Stock will automatically convert, on a one-for-one basis, into shares of Class A Common Stock on the earliest of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the 7-year anniversary of the closing date of the issuer's initial public offering, (iii) the date on which the number of outstanding shares of Class B Common Stock represents less than 5% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock, (iv) the date specified by a vote of the holders of a majority of the then outstanding shares of Class B common stock, or (v) a date that is between 90 and 270 days, as determined by the board of directors, after the death or permanent incapacity of the issuer's founder, CEO, and Chairperson. Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except certain permitted transfers. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 1/60th of the RSUs vest on a monthly basis beginning on February 1, 2018 for a period of 5 years. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 1/4th of the RSUs vested on January 1, 2020, and 1/36th of the remaining RSUs vest monthly thereafter for a period of 3 years. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, the RSUs vest on a monthly basis over a period of 4 years beginning on May 1, 2019, with 10% of the total RSUs vesting over the first year, 20% of the total vesting over the second year, 30% of the total vesting over the third year, and 40% of the total vesting over the fourth year. Each RSU represents a contingent right to receive one share of Issuer's Class B Common Stock. Subject to the reporting person's continued employment, 1/48th of the RSUs vest on a monthly basis beginning on October 1, 2020 for a period of 4 years. /s/ Rajat Bahri 2021-02-22