0000950170-23-043328.txt : 20230817 0000950170-23-043328.hdr.sgml : 20230817 20230817210830 ACCESSION NUMBER: 0000950170-23-043328 CONFORMED SUBMISSION TYPE: 3/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230216 FILED AS OF DATE: 20230817 DATE AS OF CHANGE: 20230817 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Wang Shuyan (Rachel) CENTRAL INDEX KEY: 0001967573 FILING VALUES: FORM TYPE: 3/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-39775 FILM NUMBER: 231183617 MAIL ADDRESS: STREET 1: ONE SANSOME STREET 33RD FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 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: 1231 BUSINESS ADDRESS: STREET 1: ONE SANSOME STREET 33RD FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 BUSINESS PHONE: 415-432-7323 MAIL ADDRESS: STREET 1: ONE SANSOME STREET 33RD FLOOR CITY: SAN FRANCISCO STATE: CA ZIP: 94104 3/A 1 ownership.xml 3/A X0206 3/A 2023-02-16 2023-03-02 0 0001822250 ContextLogic Inc. WISH 0001967573 Wang Shuyan (Rachel) ONE SANSOME STREET, 33RD FLOOR SAN FRANCISCO CA 94104 true Head of Data Science Class A Common Stock 678 D Restricted Stock Unit 0 Class A Common Stock 532 D Restricted Stock Unit 0 Class A Common Stock 995 D Restricted Stock Unit 0 Class A Common Stock 2932 D Reflects shares adjusted to give effect to a 1-for-30 reverse stock split which was effective April 12, 2023. 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. Subject to the Reporting Person's continued service, 25% of the RSUs vested on March 9, 2021, and an additional 1/36 of the remaining RSUs vest monthly thereafter for a period of 3 years. Subject to the Reporting Person's continuous service, 1/16th of the RSUs will vest on a quarterly basis beginning on February 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). 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 procedures the Company may prescribe at its discretion). Subject to the Reporting Person's continuous service, 1/8th of the RSUs will vest on a quarterly basis beginning on August 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, August 15, or November 15). 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 procedures the Company may prescribe at its discretion). This Form 3/A amends and corrects the Form 3 filed on March 2, 2023, which inadvertently did not report the RSUs held by the Reporting Person. Exhibit 24 - Power of Attorney /s/ Marianne Lewis, Attorney-in-Fact 2023-08-17 EX-24 2 wish-ex24.htm EX-24 EX-24

ContextLogic Inc. - Power of Attorney

 

KNOW ALL BY THESE PRESENTS, the undersigned hereby constitutes and appoints each

of Vivian Liu, Devang Shah, Joanna Forster, and Marianne Lewis, signing singly,

and with full power of substitution, the undersigned's true and lawful

attorney-in-fact to:

 

(1) execute for and on behalf of the undersigned a Form ID Application, if

required, and submit the same to the United States Securities and Exchange

Commission;

 

(2) execute for and on behalf of the undersigned, in the undersigned's capacity

as an officer and/or director of ContextLogic Inc. (d/b/a "Wish") (the

"Company") or as a holder of 10% or more of the Company's securities, Forms 3, 4

and 5, and any amendments thereto, in accordance with Section 16 of the

Securities Exchange Act of 1934, as amended, and the rules thereunder and, if

necessary, such forms or similar reports required by state or foreign regulators

in jurisdictions in which the Company operates;

 

(3) do and perform any and all acts for and on behalf of the undersigned that

may be necessary or desirable to complete and execute any such Form 3, 4 or 5 or

similar form or report required by state or foreign regulators, and any

amendments thereto, and file such form or report with the United States

Securities and Exchange Commission and any stock exchange or similar authority

or appropriate state or foreign regulator; and

 

(4) take any other action of any type whatsoever in connection with the

foregoing that, in the opinion of such attorney-in-fact, may be of benefit to,

in the best interest of or legally required to be done by the undersigned, it

being understood that the documents executed by such attorney-in-fact on behalf

of the undersigned pursuant to this Power of Attorney shall be in such form and

shall contain such terms and conditions as such attorney-in-fact may approve in

such attorney-in-fact's discretion.

 

The undersigned hereby grants to each such attorney-in-fact full power and

authority to do and perform any and every act and thing whatsoever requisite,

necessary or proper to be done in the exercise of any of the rights and powers

herein granted, as fully to all intents and purposes as the undersigned might or

could do if personally present, with full power of substitution or revocation,

hereby ratifying and confirming all that such attorney-in-fact, or such

attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be

done by virtue of this Power of Attorney and the rights and powers herein

granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in

serving in such capacity at the request of the undersigned, are not assuming,

nor is the Company assuming, any of the undersigned's responsibilities to comply

with Section 16 of the Securities Exchange Act of 1934, as amended, and the

rules thereunder. This Power of Attorney may be filed with the SEC as a

confirming statement of the authority granted herein.

 

This Power of Attorney shall remain in full force and effect until the

undersigned is no longer required to file Forms 3, 4, and 5 with respect to the

undersigned's holdings of and transactions in securities issued by the Company,

unless earlier revoked by the undersigned in a signed writing delivered to the

foregoing attorneys-in-fact.

 

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be

executed as of the date written below.

 

Date: February 23, 2023

By: /s/ Shuyan (Rachel) Wang

Name: Shuyan (Rachel) Wang