SCHEDULE 13G/A 0000894579-25-000159 0001721508 XXXXXXXX LIVE 1 Class A Common Stock, Par Value $0.0001 Per Share 04/15/2025 0001822250 ContextLogic Inc. 21077C107 2648 International Blvd., Suite 115 Oakland CA 94601 Rule 13d-1(c) Islet Management, LP DE 0 972100 0 972100 972100 N 3.57 IA Joseph Samuels X1 0 972100 0 972100 972100 N 3.57 IN ContextLogic Inc. 2648 International Blvd., Suite 115, Oakland, California, 94601 This Amendment No 1 to Schedule 13G filing relates to shares of Class A Common Stock, $0.0001 par value per share (the "Common Stock"), of the Issuer. This Amendment No 1 to Schedule 13G is being filed on behalf of the following persons/entities (collectively, the "Reporting Persons"): Islet Management, L.P. ("Islet") Joseph Samuels 590 Madison Avenue, 27th Floor New York, NY 10022 Islet is organized under the laws of the State of Delaware. Joseph Samuels is a United States citizen. Y The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference. Islet acts as an investment manager to, and exercises investment discretion with respect to an account that holds the securities of the Issuer described herein (the "Account"). Mr. Samuels is the Chief Executive Officer and Chief Investment Officer of Islet. As investment manager to the Account, Islet, pursuant to an Account Investment Advisory Agreement, has discretionary investment authority and voting power with respect to the Common Stock beneficially owned by the Account. Thus, it could be deemed to have the power to vote and dispose or direct the disposition of such Common Stock held by the Account. As the Chief Executive Officer and Chief Investment Officer of Islet, Mr. Samuels has the ability to exercise investment discretion over the Account. Thus, he could be deemed to share the power to vote and dispose or direct the disposition of the Common Stock beneficially owned by the Account. As of April 17, 2025, the Account directly beneficially owned 972,100 shares of Common Stock representing 3.57% of the shares of Class A Common Stock outstanding, including 908,100 shares of Common Stock issuable upon exercise of call options. Calculations of the percentage of shares of Common Stock beneficially owned are based on 26,313,619 shares of Common Stock outstanding as of February 28, 2025, as reported in the Quarterly Report on Form 10-K filed by the Issuer with the Securities and Exchange Commission on March 12, 2025. The Reporting Persons note that the calculation of beneficial ownership for purposes of this Schedule 13G is different than the calculation of ownership under the terms of the Issuer's Tax Benefits Preservation Plan, dated as of February 10, 2024 (the "382 Plan"). For purposes of the 382 Plan, the Reporting Persons collectively own less tha 4.9% as a result of the exclusion of shares owned by the Account issuable upon exercise of call options. See Item 4(a) above See Item 5 of each cover page hereof. See Item 6 of each cover page hereof. See Item 7 of each cover page hereof. See Item 8 of each cover page hereof. N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Islet Management, LP /s/ Rebecca Waldman 04/18/2025 Joseph Samuels /s/ Joseph Samuels 04/18/2025