ContextLogic director reports 16.5M indirect shares

ContextLogic Holdings Inc. director and more than ten percent owner David C. Abrams filed an initial ownership report on common stock.

Rhea-AI Filing Summary

ContextLogic Holdings Inc. director and more than ten percent owner David C. Abrams filed an initial ownership report on common stock. The filing shows indirect ownership of 16,510,740 shares of common stock through several investment funds collectively referred to as the Abrams Funds.

Abrams is the managing member of entities that serve as general partners and investment manager for these funds, which gives him shared voting and dispositive power over the shares. He expressly disclaims beneficial ownership of these securities except to the extent of his pecuniary interest, so the holdings are attributed primarily to the Abrams Funds rather than to him personally.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Abrams David C

Role Director, 10% Owner

Type	Security	Shares	Price	Value
holding	Common Stock, par value $0.0001 per share	--	--	--

Holdings After Transaction: Common Stock, par value $0.0001 per share — 16,510,740 shares (Indirect, See footnotes)

Footnotes (2)

1. F1. 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. F2. The Reporting Person is the managing 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. In addition, the Reporting Person is the managing member of Abrams Capital Management, LLC, which is the general partner of Abrams Capital Management, L.P., which is the investment manager of each of the Abrams Funds. As a result of the relationships described in this footnote, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares held by each of the Abrams Funds. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does David C. Abrams report owning in ContextLogic Holdings (LOGC) on this Form 3?

David C. Abrams reports indirect ownership of 16,510,740 shares of ContextLogic Holdings common stock. These shares are held by several investment funds collectively known as the Abrams Funds, rather than in his personal name, and reflect his role across those related investment entities.

How are the 16,510,740 LOGC shares held that are associated with David C. Abrams?

The 16,510,740 ContextLogic shares are held by four limited partnerships: Abrams Capital Partners I and II, and Riva Capital Partners V and VI. These entities, collectively called the Abrams Funds, are the direct owners, with Abrams linked through managing member and general partner roles.

What is David C. Abrams’ role in the entities holding LOGC shares?

David C. Abrams is the managing member of several LLCs that act as general partners of the Abrams Funds and of the investment manager. Through these positions, he may share voting and dispositive power over the funds’ ContextLogic shares, according to the disclosure language.

Does David C. Abrams claim full beneficial ownership of the LOGC shares reported?

No. Abrams disclaims beneficial ownership of the ContextLogic shares except to the extent of his pecuniary interest. The filing states that including these securities should not be considered an admission of beneficial ownership for Section 16 or any other legal purpose.

Is this Form 3 for LOGC reporting a new transaction by David C. Abrams?

This Form 3 functions as an initial statement of beneficial ownership and does not show a specific purchase or sale. It records existing indirect holdings of ContextLogic common stock through the Abrams Funds, with the transaction information categorized as holding rather than a trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/26/2026 - 08:24 PM Learn about SEC filing dates

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

OMB APPROVAL

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1. Name and Address of Reporting Person^*

Abrams David C

(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", and, together with ACP I, ACP II and Riva V, collectively the "Abrams Funds").

2. The Reporting Person is the managing 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. In addition, the Reporting Person is the managing member of Abrams Capital Management, LLC, which is the general partner of Abrams Capital Management, L.P., which is the investment manager of each of the Abrams Funds. As a result of the relationships described in this footnote, the Reporting Person may be deemed to share voting and dispositive power with respect to the shares held by each of the Abrams Funds. 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/ 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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