0001209191-21-056777.txt : 20210917 0001209191-21-056777.hdr.sgml : 20210917 20210917202805 ACCESSION NUMBER: 0001209191-21-056777 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210915 FILED AS OF DATE: 20210917 DATE AS OF CHANGE: 20210917 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Oliver Jennifer CENTRAL INDEX KEY: 0001870569 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39775 FILM NUMBER: 211261844 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 2021-09-15 0 0001822250 ContextLogic Inc. WISH 0001870569 Oliver Jennifer ONE SANSOME STREET 40TH FLOOR SAN FRANCISCO CA 94104 0 1 0 0 Interim Co-CFO Class A Common Stock 2021-09-15 4 C 0 1184 0.00 A 19087 D Restricted Stock Unit 0.00 2021-09-15 4 M 0 290 0.00 D 2025-09-27 Class B Common Stock 290 6990 D Class B Common Stock 2021-09-15 4 M 0 290 0.00 A Class A Common Stock 290 290 D Restricted Stock Unit 0.00 2021-09-15 4 M 0 310 0.00 D 2026-02-05 Class B Common Stock 310 4960 D Class B Common Stock 2021-09-15 4 M 0 310 0.00 A Class A Common Stock 310 600 D Restricted Stock Unit 0.00 2021-09-15 4 M 0 31 0.00 D 2026-05-02 Class B Common Stock 31 601 D Class B Common Stock 2021-09-15 4 M 0 31 0.00 A Class A Common Stock 31 631 D Restricted Stock Unit 0.00 2021-09-15 4 M 0 553 0.00 D 2027-09-28 Class B Common Stock 553 19908 D Class B Common Stock 2021-09-15 4 M 0 553 0.00 A Class A Common Stock 553 1184 D Class B Common Stock 2021-09-15 4 C 0 1184 0.00 D Class A Common Stock 1184 0 D Represents the conversion of Class B Common Stock, issued upon settlement of vested Restricted Stock Units ("RSUs"), into Class A Common Stock held of record by the Reporting Person This reported transaction represents the settlement of RSUs vested as of September 15, 2021. 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 August 20, 2019, with 1/60th of the RSUs vesting monthly 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 sale 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 Common B Stock. Subject to the reporting person's continued service, 1/48th of the RSUs vest monthly beginning on May 1, 2019 for a period of 4 years. Each RSU represents a contingent right to receive on share of Issuer's Class B Common Stock. Subject to the reporting person's continued service, 25% of the RSUs vested on January 1, 2020, with 1/48th of the RSUs vesting monthly thereafter for a period of 3 years. /s/ Renee Jackson, Attorney-in-Fact 2021-09-17