Devang Shah - 26 Aug 2021 Form 4 Insider Report for ContextLogic Inc. (LOGC)

Role: General Counsel and Secretary
Signature: /s/ Renee Jackson, Attorney-in-Fact
Issuer symbol: LOGC
Transactions as of: 26 Aug 2021
Net transactions value: $0
Form type: 4
Filing time: 30 Aug 2021, 18:17:53 UTC
Previous filing: 19 Aug 2021
Next filing: 02 Sep 2021
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WISH	Restricted Stock Unit	Award	$0	+581,057		$0.000000	581,057	26 Aug 2021	Class A Common Stock	581,057		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU.
F2	Subject to the Reporting Person's continuous service, 25% of the RSUs will vest on a quarterly basis beginning on November 15, 2021 (with all quarterly vesting dates occurring on a "Company Vesting Date" of February 15, May 15, and August 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).

Content

The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Issuer's Class A Common Stock for each RSU.

Subject to the Reporting Person's continuous service, 25% of the RSUs will vest on a quarterly basis beginning on November 15, 2021 (with all quarterly vesting dates occurring on a "Company Vesting Date" of February 15, May 15, and August 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).