Estate vehicle for ContextLogic (LOGC) director reports 150,000-share open-market buy
Rhea-AI Filing Summary
ContextLogic Holdings Inc. director and 10% owner Bobbili Raja reported open-market purchases of the company’s common stock through an estate planning vehicle. The vehicle bought a total of 150,000 shares across three days in May at weighted average prices between about $8.45 and $8.80 per share.
After these buys, the estate planning vehicle held 500,000 shares, and an additional 18,269,534 shares were reported as indirectly beneficially owned through Abrams Capital Partners I and II and Riva Capital Partners V and VI. Raja is a managing member of the related general partners and disclaims beneficial ownership of these indirect holdings except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 150,000 shares
Net Buy
4 txns
Insider
Bobbili Raja
Role
Director, 10% Owner
Bought
150,000 shs ($1.31M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.0001 per share | 45,430 | $8.688 | $395K |
| Purchase | Common Stock, par value $0.0001 per share | 87,295 | $8.767 | $765K |
| Purchase | Common Stock, par value $0.0001 per share | 17,275 | $8.738 | $151K |
| holding | Common Stock, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 500,000 shares (Indirect, By estate planning vehicle);
Common Stock, par value $0.0001 per share — 18,269,534 shares (Indirect, See footnotes)
Footnotes (6)
- F1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.65 to $8.80, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth above.
- F2. The Reporting Person is the managing member of the estate planning vehicle. 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.52 to $8.80, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth above.
- F4. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $8.45 to $8.80, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the ranges set forth above.
- F5. Shares reported herein as beneficially owned represent 578,862 shares held by Abrams Capital Partners I, L.P. ("ACP I"), 7,897,244 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").
- F6. 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.
Key Figures
Shares purchased May 21, 2026: 45,430 shares at $8.688
Shares purchased May 20, 2026: 87,295 shares at $8.767
Shares purchased May 19, 2026: 17,275 shares at $8.738
+5 more
8 metrics
Shares purchased May 21, 2026
45,430 shares at $8.688
Open-market buy via estate planning vehicle
Shares purchased May 20, 2026
87,295 shares at $8.767
Open-market buy via estate planning vehicle
Shares purchased May 19, 2026
17,275 shares at $8.738
Open-market buy via estate planning vehicle
Total May 2026 purchases
150,000 shares
Net open-market buying across three days
Estate vehicle holdings after trades
500,000 shares
Indirect ownership after May 21, 2026 purchase
Abrams Capital Partners I holdings
578,862 shares
Indirect LOGC shares reported in footnote
Abrams Capital Partners II holdings
7,897,244 shares
Indirect LOGC shares reported in footnote
Riva V and VI holdings
5,262,976 and 4,530,452 shares
Indirect LOGC shares via Riva Capital funds
Key Terms
estate planning vehicle, weighted average price, pecuniary interest, beneficial ownership, +1 more
5 terms
estate planning vehicle financial
"The Reporting Person is the managing member of the estate planning vehicle."
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
pecuniary interest financial
"disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein"
beneficial ownership financial
"shall not be deemed an admission of beneficial ownership for purposes of Section 16"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did LOGC director Bobbili Raja report on this Form 4?
Bobbili Raja reported three open-market purchases of ContextLogic Holdings common stock via an estate planning vehicle, totaling 150,000 shares in May. The trades were executed at weighted average prices between roughly $8.45 and $8.80 per share, increasing that vehicle’s indirect holdings.
What larger indirect LOGC holdings are disclosed for entities linked to Bobbili Raja?
The filing reports 578,862 shares held by Abrams Capital Partners I, 7,897,244 by Abrams Capital Partners II, 5,262,976 by Riva Capital Partners V, and 4,530,452 by Riva Capital Partners VI. Raja is a member of their general partners and disclaims beneficial ownership beyond his pecuniary interest.
Are the LOGC insider purchases made directly by Bobbili Raja?
The purchases were made by an estate planning vehicle, not in Raja’s personal name. He is the managing member of this vehicle and reports the holdings indirectly, while expressly disclaiming beneficial ownership except to the extent of his pecuniary interest in the securities.