Board member at ContextLogic (NASDAQ: LOGC) gets 19,206 RSUs
Rhea-AI Filing Summary
ContextLogic Holdings Inc. granted director Jennifer Kwon Chou 19,206 Restricted Stock Units (RSUs) on January 15, 2026. Each RSU represents a contingent right to receive one share of the company’s common stock at a par value of $0.0001 per share.
The RSUs were granted for her service on the Board of Directors and will generally vest in full on the one-year anniversary of the grant date, subject to her continued service. They may vest on a pro-rata basis if her service ends earlier, with the Board retaining discretion to fully vest them upon termination. The RSUs will also fully vest upon a change in control or other Board-designated “special transaction,” and will settle in shares on or after vesting, and in any case within 60 days of vesting unless a later settlement date is agreed in writing.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 19,206 | $0.00 | -- |
Footnotes (1)
- The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock, $0.0001 par value, for each RSU. The RSUs were granted in connection with the Reporting Person's service as a member of the Board of Directors for the Issuer. Subject to the Reporting Person's continued service, the RSUs will vest in full on the one-year anniversary of the date of grant based upon continued service, or on a pro-rata basis upon termination of service, including resignation before vesting. Upon termination of service, the Board in its discretion may fully vest the Reporting Person's RSUs. RSUs will fully vest in connection with the occurrence of a change in control or any other transaction the Board designates as a "special transaction". 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 the procedures the Issuer may prescribe at its discretion).