Director-linked funds add 1.76M ContextLogic (LOGC) shares at $7

Rhea-AI Filing Summary

ContextLogic Holdings Inc. director and 10% owner Bobbili Raja reported an indirect open-market purchase of 1,758,794 shares of common stock at $7.0000 per share on February 26, 2026. The shares were bought by investment funds Abrams Capital Partners I, L.P. and Abrams Capital Partners II, L.P., entities with which he is affiliated.

After this transaction, the filing shows 18,269,534 shares of ContextLogic common stock held indirectly. Raja is a member of the general partners of these funds and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

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^*

Bobbili Raja

(Last) (First) (Middle)

222 BERKELEY STREET, 21ST FLOOR

(Street)

BOSTON MA 02116

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

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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, par value $0.0001 per share	02/26/2026		P		1,758,794	A	$7	18,269,534	I	See footnotes(1)(2)

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

Explanation of Responses:

1. 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"). Of the shares purchased on February 26, 2026 reported herein, 120,126 shares were purchased by ACP I and 1,638,668 shares were purchased by ACP II.

2. 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 Bobbili	02/26/2026
	** Signature of Reporting Person	Date
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).
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FAQ

What insider transaction did LOGC disclose for Bobbili Raja?

ContextLogic Holdings Inc. reported that entities associated with director and 10% owner Bobbili Raja bought 1,758,794 common shares in an open-market purchase at $7.00 per share on February 26, 2026, increasing their reported indirect holdings to 18,269,534 shares.

Was the LOGC insider trade a purchase or a sale?

The reported LOGC insider transaction was a purchase. An entity associated with director and 10% owner Bobbili Raja executed an open-market buy of 1,758,794 ContextLogic common shares at $7.00 per share on February 26, 2026, classified as a net-buy transaction.

How many LOGC shares do the affiliated funds hold after this transaction?

After the reported transaction, the filing shows 18,269,534 ContextLogic common shares held indirectly. These shares are spread across Abrams Capital Partners I, L.P., Abrams Capital Partners II, L.P., Riva Capital Partners V, L.P., and Riva Capital Partners VI, L.P., all affiliated with Bobbili Raja.

Which entities actually purchased LOGC shares in this Form 4 filing?

The Form 4 states that 120,126 shares were purchased by Abrams Capital Partners I, L.P. and 1,638,668 shares were purchased by Abrams Capital Partners II, L.P. on February 26, 2026, together totaling 1,758,794 ContextLogic common shares acquired in the open market.

Does Bobbili Raja claim full beneficial ownership of the LOGC shares?

No. The filing explains that Bobbili Raja is a member of the general partners of the Abrams and Riva funds but disclaims beneficial ownership of the securities except to the extent of his pecuniary interest, despite reporting them as indirectly owned in this Form 4.

What types of LOGC securities are involved in this insider transaction?

The transaction involves Common Stock of ContextLogic Holdings Inc., with a par value of $0.0001 per share. The Form 4 records an open-market purchase of 1,758,794 shares at $7.00 per share, with ownership reported as indirect through affiliated investment funds.