0000950170-23-043333.txt : 20230817
0000950170-23-043333.hdr.sgml : 20230817
20230817212121
ACCESSION NUMBER: 0000950170-23-043333
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230815
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: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39775
FILM NUMBER: 231183627
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
4
1
ownership.xml
4
X0508
4
2023-08-15
0001822250
ContextLogic Inc.
WISH
0001967573
Wang Shuyan (Rachel)
ONE SANSOME STREET, 33RD FLOOR
SAN FRANCISCO
CA
94104
false
true
false
false
Head of Data Science
false
Class A Common Stock
2023-08-15
4
M
false
5645
0.00
A
6421
D
Class A Common Stock
2023-08-15
4
F
false
1378
5.57
D
5043
D
Restricted Stock Unit
0.00
2023-08-15
4
M
false
41
0.00
D
Class A Common Stock
41
286
D
Restricted Stock Unit
0.00
2023-08-15
4
M
false
110
0.00
D
Class A Common Stock
110
774
D
Restricted Stock Unit
0.00
2023-08-15
4
M
false
733
0.00
D
Class A Common Stock
733
1466
D
Restricted Stock Unit
0.00
2023-08-15
4
M
false
4761
0.00
D
Class A Common Stock
4761
42858
D
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 August 15, 2023.
Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs.
This reported transaction represents the settlement of RSUs vested as of August 15, 2023.
Each RSU represents a contingent right to receive one share of Class A Common Stock. 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).
Subject to the Reporting Person's continuous service, 10% of the RSUs will vest on a quarterly basis beginning on May 15, 2023 (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)
/s/ Marianne Lewis, Attorney-in-Fact
2023-08-17