Director of ContextLogic (NASDAQ: LOGC) reports RSU vesting and new grant

Rhea-AI Filing Summary

ContextLogic Holdings director Marshall S. Heinberg reported equity compensation activity involving restricted stock units (RSUs) and common stock. On January 15, 2026, 44,321 RSUs vested and were settled into 44,321 shares of Common Stock at $0 per share, increasing his directly held common stock to 134,806 shares after the transaction. The RSUs each represent a contingent right to receive one share of common stock.

On the same date, Heinberg was credited with a new grant of 19,206 RSUs at $0, leaving him with 19,206 RSUs outstanding. These RSUs were granted for his service on the Board of Directors and generally vest in full on the one-year anniversary of the grant date, subject to continued service, with pro‑rata or discretionary vesting possible upon termination and full vesting upon certain change in control or Board‑designated “special transaction” events.

SEC Form 4

FORM 4

UNITED 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

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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^*

Heinberg Marshall S

(Last) (First) (Middle)

2648 INTERNATIONAL BLVD STE 301

(Street)

OAKLAND CA 94601

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ContextLogic Holdings Inc. [ LOGC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

4. 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 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/15/2026		M(1)		44,321	A	$0	134,806	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	01/15/2026		M(2)		44,321		(3)	(3)	Common Stock	44,321	$0	0	D
Restricted Stock Units	$0(1)	01/15/2026		A(3)		19,206		(3)	(3)	Common Stock	19,206	$0	19,206	D

Explanation of Responses:

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.

2. This reported transaction represents the settlement of RSUs vested as of January 15, 2026.

3. 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).

	/s/ Marianne Lewis, Attorney-in-Fact	01/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did LOGC director Marshall S. Heinberg report?

Marshall S. Heinberg reported the vesting and settlement of 44,321 restricted stock units (RSUs) into 44,321 shares of ContextLogic Holdings Common Stock on January 15, 2026, at a reported price of $0 per share.

How many ContextLogic (LOGC) shares does the director own after this Form 4?

Following the reported transactions, Marshall S. Heinberg beneficially owns 134,806 shares of Common Stock of ContextLogic Holdings Inc., held directly.

Were any new restricted stock units (RSUs) granted to the LOGC director?

Yes. On January 15, 2026, Heinberg was credited with a new grant of 19,206 RSUs at a price of $0, leaving him with 19,206 RSUs beneficially owned after the transactions.

What do the LOGC RSUs reported by the director represent?

The restricted stock units represent a contingent right to receive one share of Common Stock for each RSU, with each share having a par value of $0.0001, as described in the footnotes.

Why were the RSUs granted to the ContextLogic (LOGC) director?

The RSUs were granted in connection with Heinberg’s service as a member of the Board of Directors of ContextLogic Holdings Inc. as part of his director compensation.

How do the LOGC director’s RSUs vest according to this filing?

The RSUs generally vest in full on the one-year anniversary of the grant date, subject to continued service, may vest on a pro‑rata basis upon termination, and will fully vest upon a change in control or Board‑designated “special transaction”.

When are vested RSUs for LOGC settled into shares?

Once vested, the RSUs will settle on or following the vesting date, but in any event within 60 days following the vesting date, unless Heinberg and the company agree in writing to a later settlement date under company procedures.