Abrams Capital group reveals 16.5M ContextLogic (NASDAQ: LOGC) stake

Rhea-AI Filing Summary

ContextLogic Holdings Inc. received an initial ownership report from a group of Abrams-affiliated investment funds. The filing shows indirect holdings totaling 16,510,740 shares of common stock. These include 458,736 shares held by Abrams Capital Partners I, 6,258,576 by Abrams Capital Partners II, 5,262,976 by Riva Capital Partners V, and 4,530,452 by Riva Capital Partners VI. Various Abrams management entities may be deemed to share voting and dispositive power over these funds, but each reporting person disclaims beneficial ownership beyond its economic interest.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

ABRAMS CAPITAL MANAGEMENT, L.P.

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/26/2026

3. Issuer Name and Ticker or Trading Symbol
ContextLogic Holdings Inc. [ LOGC ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.0001 per share	16,510,740	I	See footnotes(1)(2)(3)(4)(5)(6)(7)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

ABRAMS CAPITAL MANAGEMENT, L.P.

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

ABRAMS CAPITAL MANAGEMENT, LLC

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

ABRAMS CAPITAL, LLC

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Abrams Capital Partners I, L.P.

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Abrams Capital Partners II, L.P.

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Riva Capital Management V, LLC

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Riva Capital Partners V, L.P.

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Riva Capital Management VI, LLC

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Riva Capital Partners VI, L.P.

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Represents 458,736 shares held by Abrams Capital Partners I, L.P. ("ACP I"), 6,258,576 shares held by Abrams Capital Partners II, L.P. ("ACP II"), 5,262,976 shares held by Riva Capital Partners V, L.P. ("Riva V") and 4,530,452 shares held by Riva Capital Partners VI, L.P. ("Riva VI", and, together with ACP I, ACP II and Riva V, collectively the "Abrams Funds").

2. Abrams Capital, LLC ("AC LLC") is the general partner of ACP I and ACP II. As a result, AC LLC may be deemed to share voting and dispositive power with respect to the shares held by ACP I and ACP II.

3. Riva Capital Management V, LLC ("RCM V") is the general partner of Riva V. As a result, RCM V may be deemed to share voting and dispositive power with respect to the shares held by Riva V.

4. Riva Capital Management VI, LLC ("RCM VI") is the general partner of Riva VI. As a result, RCM VI may be deemed to share voting and dispositive power with respect to the shares held by Riva VI.

5. Abrams Capital Management, L.P. (the "LP") is the investment manager of each of the Abrams Funds and, in such capacity, manages the investment strategy and decision-making process with respect to investments held by the Abrams Funds. As a result, the LP may be deemed to share voting and dispositive power with respect to the shares held by the Abrams Funds.

6. Abrams Capital Management, LLC (the "LLC") is the general partner of the LP. As a result, the LLC may be deemed to share voting and dispositive power with respect to the shares held by the Abrams Funds.

7. Each reporting person disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

	Abrams Capital Management, L.P., by Abrams Capital Management, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	Abrams Capital Management, LLC, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	Abrams Capital, LLC, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	Abrams Capital Partners I, L.P., by Abrams Capital, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	Abrams Capital Partners II, L.P., by Abrams Capital, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	Riva Capital Management V, LLC, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	Riva Capital Partners V, L.P., by Riva Capital Management V, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	Riva Capital Management VI, LLC, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	Riva Capital Partners VI, L.P., by Riva Capital Management VI, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Abrams Capital report in its ContextLogic (LOGC) Form 3 filing?

Abrams-affiliated funds reported an indirect stake of 16,510,740 ContextLogic common shares. These holdings are spread across four limited partnerships, with Abrams management entities potentially sharing voting and dispositive power, while each reporting person disclaims beneficial ownership beyond its pecuniary interest.

How many ContextLogic (LOGC) shares does each Abrams fund hold?

Abrams Capital Partners I holds 458,736 ContextLogic shares and Abrams Capital Partners II holds 6,258,576. Riva Capital Partners V holds 5,262,976 shares and Riva Capital Partners VI holds 4,530,452, for a combined indirect position of 16,510,740 common shares reported in the filing.

Is the Abrams Capital ContextLogic (LOGC) Form 3 a buy or sell disclosure?

The Form 3 is an initial ownership report, not a buy or sell notice. It lists existing indirect holdings of 16,510,740 ContextLogic shares by Abrams-affiliated funds, with no transaction code or share price information indicating new purchases or sales in this specific filing.

Which entities are associated with the Abrams Capital ContextLogic (LOGC) stake?

The reported stake is held by Abrams Capital Partners I and II, and Riva Capital Partners V and VI. Abrams Capital, LLC, Abrams Capital Management, L.P., and related management LLCs may share voting and dispositive power over these funds, according to the footnotes in the ownership disclosure.

How do Abrams Capital entities describe their beneficial ownership of ContextLogic (LOGC)?

Each reporting person disclaims beneficial ownership of the reported ContextLogic shares except to the extent of its pecuniary interest. The filing states that including these securities should not be viewed as an admission of beneficial ownership for Section 16 purposes or for any other purpose.

What type of ContextLogic (LOGC) security is reported by Abrams Capital?

The filing covers ContextLogic common stock with a par value of $0.0001 per share. Abrams-affiliated investment funds collectively report 16,510,740 common shares held indirectly, with management entities potentially sharing voting and dispositive power over these positions as described in the detailed footnotes.