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ContextLogic (NASDAQ: LOGC) CFO & COO awarded 50,000 RSUs vesting over 5 years

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

ContextLogic Holdings Inc. reported initial equity holdings for its CFO & COO, Stewart Scott Matthew, consisting of restricted stock units (RSUs) tied to the company’s common stock. The RSUs cover 50,000 underlying shares and carry an exercise price of $0.0000 per share.

According to the disclosure, these RSUs vest in five equal annual installments of 20%, starting on the first anniversary of the effective date, as long as he continues in service. Each vested portion will convert into common shares and be settled on or shortly after the applicable vesting date.

Positive

  • None.

Negative

  • None.
Insider Stewart Scott Matthew
Role CFO & COO
Type Security Shares Price Value
holding Restricted Stock Unit -- -- --
Holdings After Transaction: Restricted Stock Unit — 50,000 shares (Direct, null)
Footnotes (1)
  1. The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of the Issuer's Common Stock, $0.0001 par value, for each RSU. Subject to the Reporting Person's continued service, the RSU's will vest in equal installments of 20% of the total RSUs subject to the award on each of the first through fifth anniversaries of the effective date. 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 Issuer have agreed in writing to a later settlement date pursuant to procedures the Issuer may prescribe at its discretion).
RSUs underlying shares 50,000 shares Underlying common stock represented by RSUs
Vesting rate 20% per year Annual vesting installments over five years
Vesting term 5 years First through fifth anniversaries of effective date
Exercise price $0.0000 per share RSU exercise/settlement price
Common stock par value $0.0001 per share Par value of issuer’s common stock tied to RSUs
Restricted Stock Unit financial
"The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
contingent right financial
"RSUs which represent a contingent right to receive one share of the Issuer's Common Stock"
par value financial
"one share of the Issuer's Common Stock, $0.0001 par value, for each RSU"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
vest financial
"the RSU's will vest in equal installments of 20% of the total RSUs"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settle financial
"Vested RSUs will settle on or following the vesting date, but in any event, within 60 days"
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SEC Form 3
FORM 3UNITED 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
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Stewart Scott Matthew

(Last)(First)(Middle)
2648 INTERNATIONAL BLVD STE 301

(Street)
OAKLAND CALIFORNIA 94601

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
06/01/2026
3. Issuer Name and Ticker or Trading Symbol
ContextLogic Holdings Inc. [ LOGC ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO & COO
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
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 ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit (1)(2) (2)Common Stock50,000$0D
Explanation of Responses:
1. The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of the Issuer's Common Stock, $0.0001 par value, for each RSU.
2. Subject to the Reporting Person's continued service, the RSU's will vest in equal installments of 20% of the total RSUs subject to the award on each of the first through fifth anniversaries of the effective date. 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 Issuer have agreed in writing to a later settlement date pursuant to procedures the Issuer may prescribe at its discretion).
/s/ Marianne Lewis06/03/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position did LOGC CFO Stewart Scott Matthew report on this Form 3?

He reported holding restricted stock units representing 50,000 underlying shares of ContextLogic Holdings common stock. These RSUs are equity-based compensation and give him a contingent right to receive one common share for each vested unit, subject to specific vesting conditions.

How many LOGC shares are covered by the reported restricted stock units?

The filing shows RSUs covering 50,000 underlying shares of ContextLogic Holdings common stock. Each RSU represents a contingent right to receive one share upon vesting and settlement, so the total position potentially converts into 50,000 common shares over time.

What is the vesting schedule for Stewart Scott Matthew’s LOGC RSUs?

The RSUs vest in five equal annual installments of 20% of the total award. Vesting occurs on each of the first through fifth anniversaries of the effective date, provided he continues serving the company throughout the vesting period.

When will the vested LOGC RSUs settle into common stock?

Each vested portion of the RSUs will settle on or following its vesting date. The settlement will occur within 60 days after vesting unless the executive and the company agree in writing to a later settlement date under company-prescribed procedures.

Does the LOGC Form 3 show any insider share purchases or sales?

The Form 3 discloses an initial holding of restricted stock units rather than open-market trades. It does not report any explicit purchases or sales of ContextLogic Holdings common stock, only the RSU award position and its associated vesting and settlement terms.