ContextLogic (LOGC) director reports large indirect share stake

Rhea-AI Filing Summary

ContextLogic Holdings Inc. director and 10% owner Bobbili Raja filed an initial insider ownership report. The filing lists 16,510,740 shares of common stock held indirectly through investment funds ACP I, ACP II, Riva V and Riva VI. He is a member of the general partners of these funds and disclaims beneficial ownership beyond his pecuniary 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^*

Bobbili Raja

(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)

X	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)

X	Form filed by One Reporting Person
	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)

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

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").

2. The Reporting Person is a member of (i) Abrams Capital, LLC, which is the general partner of each of ACP I and ACP II, (ii) Riva Capital Management V, LLC, which is the general partner of Riva V, and (iii) Riva Capital Management VI, LLC, which is the general partner of Riva VI. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his 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.

	/s/ Raja Bobbili	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 does the Form 3 filed for LOGC by Bobbili Raja report?

The Form 3 for LOGC reports Bobbili Raja’s initial insider ownership. It shows 16,510,740 common shares held indirectly through several investment funds, rather than directly in his own name, establishing his status as a significant shareholder and director.

How many ContextLogic (LOGC) shares are reported as indirectly owned?

The filing reports 16,510,740 ContextLogic common shares indirectly owned. These consist of specified blocks held by Abrams Capital Partners I and II and Riva Capital Partners V and VI, aligning with his roles in the entities’ general partners, rather than direct personal holdings.

Through which entities are LOGC shares held in this Form 3 filing?

LOGC shares are held through four limited partnerships: Abrams Capital Partners I, Abrams Capital Partners II, Riva Capital Partners V and Riva Capital Partners VI. Bobbili Raja is a member of the LLCs that serve as general partners for each of these investment funds.

Does Bobbili Raja claim full beneficial ownership of the LOGC shares?

No. The Form 3 states that he disclaims beneficial ownership of the LOGC shares except to the extent of his pecuniary interest. This means he does not assert full personal ownership, even though the shares are reported in connection with his associated entities.

Is there a buy or sell transaction disclosed for LOGC in this Form 3?

No specific buy or sell transaction is disclosed. The Form 3 functions as an initial statement of beneficial ownership, listing existing indirect holdings in LOGC through investment funds, rather than reporting a new purchase or sale on the transaction date.