0001209191-21-056480.txt : 20210916
0001209191-21-056480.hdr.sgml : 20210916
20210916192941
ACCESSION NUMBER: 0001209191-21-056480
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210914
FILED AS OF DATE: 20210916
DATE AS OF CHANGE: 20210916
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Chuang Peiyen
CENTRAL INDEX KEY: 0001831819
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39775
FILM NUMBER: 211258946
MAIL ADDRESS:
STREET 1: ONE SANSOME STREET 40TH 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
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-09-14
0
0001822250
ContextLogic Inc.
WISH
0001831819
Chuang Peiyen
ONE SANSOME STREET, 40TH FLOOR
SAN FRANCISCO
CA
94104
0
1
0
0
Vice President of Operations
Class A Common Stock
2021-09-14
4
C
0
5000
0.238
A
178483
D
Class A Common Stock
2021-09-15
4
C
0
5000
0.238
A
183483
D
Stock Option (right to buy)
0.238
2021-09-14
4
M
0
5000
0.238
D
2024-08-11
Class B Common Stock
5000
179000
D
Class B Common Stock
2021-09-14
4
M
0
5000
0.00
A
Class A Common Stock
5000
5000
D
Class B Common Stock
2021-09-14
4
C
0
5000
0.00
D
Class A Common Stock
5000
0
D
Stock Option (right to buy)
0.238
2021-09-15
4
M
0
5000
0.238
D
2024-08-11
Class B Common Stock
5000
174000
D
Class B Common Stock
2021-09-15
4
M
0
5000
0.00
A
Class A Common Stock
5000
5000
D
Class B Common Stock
2021-09-15
4
C
0
5000
0.00
D
Class A Common Stock
5000
0
D
Represents the conversion of Class B Common Stock, issued upon exercise of options granted under the ContextLogic, Inc. 2010 Stock Plan, into Class A Common Stock held of record by the Reporting Person.
Options granted under the ContextLogic, Inc. 2010 Stock Plan. The option shares vest and become exercisable with respect to 20% of the total shares on July 1, 2015, and with respect to 1/48th of the remaining shares each month thereafter.
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.
/s/ Renee Jackson, Attorney-in-Fact
2021-09-16