LOGC CFO reports 11,870 RSUs settled into common stock
Rhea-AI Filing Summary
ContextLogic Holdings Inc. (LOGC) Chief Financial Officer reported the vesting and settlement of restricted stock units. On 11/14/2025, 11,870 RSUs converted into 11,870 shares of common stock at an exercise price of $0, and these shares are now held directly. The RSUs represent a right to receive one share of common stock for each unit upon vesting. According to the vesting schedule, 50% of the RSUs vested on November 14, 2025, and the remaining 50% are scheduled to vest on May 15, 2026, with vested RSUs settling on or following each vesting date and within 60 days of that date unless a later settlement date is agreed in writing.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,870 | $0.00 | -- |
| Exercise | Common Stock | 11,870 | $0.00 | -- |
Footnotes (1)
- The Reporting Person previously received Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock, $0.0001 par value, for each RSU. This reported transaction represents the settlement of RSUs vested as of November 14, 2025. Subject to the Reporting Person's continued service, 50% of the RSUs vested on November 14, 2025, and the remaining 50% of the RSUs will vest on May 15, 2026. 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 procedures the Issuer may prescribe at its discretion).
FAQ
What did ContextLogic (LOGC) disclose in this Form 4 filing?
The filing reports that the Chief Financial Officer acquired 11,870 shares of ContextLogic Holdings Inc. common stock through the vesting and settlement of 11,870 restricted stock units on 11/14/2025.
How many ContextLogic (LOGC) RSUs vested in this transaction and at what price?
A total of 11,870 restricted stock units vested and were settled into 11,870 shares of common stock at an exercise price of $0 per share.
What is the vesting schedule for the CFO's ContextLogic (LOGC) RSUs?
Subject to continued service, 50% of the RSUs vested on November 14, 2025, and the remaining 50% are scheduled to vest on May 15, 2026.
What type of security was involved in the ContextLogic (LOGC) Form 4 transaction?
The transaction involved restricted stock units (RSUs) that converted into shares of ContextLogic Holdings Inc. common stock upon vesting.