Devang Shah - Nov 15, 2022 Form 4/A - Amendment Insider Report for ContextLogic Inc. (WISH)

Role: GC, Sec, Chief Admin Officer
Signature: /s/ Marianne Lewis, Attorney-in-Fact
Stock symbol: WISH
Transactions as of: Nov 15, 2022
Transactions value $: -$76,038
Form type: 4/A - Amendment
Date filed: 1/18/2023, 03:31 PM
Date Of Original Report: Nov 17, 2022
Previous filing: Nov 21, 2022
Next filing: Dec 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WISH	Class A Common Stock	Options Exercise	$0	+192K	+89.97%	$0.00	405K	Nov 15, 2022	Direct	F1, F2
transaction	WISH	Class A Common Stock	Tax liability	-$76K	-95K	-23.48%	$0.80	310K	Nov 15, 2022	Direct	F1, F3

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	Options Exercise	$0	-154K	-10%	$0.00	1.39M	Nov 15, 2022	Class A Common Stock	154K	$0.00	Direct	F1, F4, F5

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

Explanation of Responses:

Id	Content
F1	On November 17, 2022, the Reporting Person filed a Form 4 that inadvertently stated the incorrect number of shares settled and withheld, and those numbers are corrected in this Form 4.
F2	This number reflects the corrected number of aggregate Restricted Stock Units ("RSUs") settled as of November 15, 2022.
F3	Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligation in connection with the settlement of RSUs reported on the original Form 4, as adjusted for the correction noted in this Form 4 filing.
F4	This reported transaction represents the settlement of RSUs vested as of November 15, 2022.
F5	Each RSU represents a contingent right to receive one share of Issuer's Class A Common Stock. Subject to the reporting person's continuous service, 1/12th of the RSUs will vest on a quarterly basis beginning on May 15, 2022 (with all quarterly vesting events occurring on a "Company Vesting Date" of February 15, May 15, April 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 the procedures the Company may prescribe at its discretion).