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Estate vehicle for ContextLogic (LOGC) director reports 150,000-share open-market buy

Filing Impact
(Very High)
Filing Sentiment
(Positive)
Form Type
4

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 Bobbili Raja
Role null
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)
Footnotes (1)
  1. 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. 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. 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. 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. 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"). 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.
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
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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bobbili Raja
(Last)(First)(Middle)
222 BERKELEY STREET, 21ST FLOOR
(Street)
BOSTON MASSACHUSETTS 02116
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
ContextLogic Holdings Inc. [ LOGC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.0001 per share05/19/2026P17,275A$8.738(1)367,275IBy estate planning vehicle(2)
Common Stock, par value $0.0001 per share05/20/2026P87,295A$8.767(3)454,570IBy estate planning vehicle(2)
Common Stock, par value $0.0001 per share05/21/2026P45,430A$8.688(4)500,000IBy estate planning vehicle(2)
Common Stock, par value $0.0001 per share18,269,534ISee footnotes(5)(6)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. 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.
3. 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.
4. 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.
5. 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").
6. 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 Bobbili05/21/2026
** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

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.

At what prices did the LOGC estate planning vehicle buy shares in May 2026?

The estate planning vehicle associated with Bobbili Raja bought LOGC shares at weighted average prices around $8.69, $8.77, and $8.74 per share. Footnotes note each was composed of multiple trades within narrower ranges between approximately $8.45 and $8.80 per share.

How many LOGC shares does the estate planning vehicle hold after these transactions?

Following the reported May purchases, the estate planning vehicle held 500,000 shares of ContextLogic Holdings common stock. These shares are reported as indirectly owned, and Raja disclaims beneficial ownership except to the extent of his pecuniary interest in the vehicle’s 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.