Great Point Ventures LLC tied to LOGC (LOGC) buys 25,693 shares in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ContextLogic Holdings Inc. director Paul S. Levy, through Great Point Ventures LLC (GPV), reported two open-market purchases of common stock. GPV bought 18,981 shares on June 2 at a weighted average price of $9.0501 per share, and 6,712 shares on June 1 at a weighted average price of $9.0232 per share. Footnotes explain that these were executed in multiple trades within price ranges of $9.00–$9.05 and $9.04–$9.07, respectively. Following the transactions, GPV held 525,758 shares indirectly attributed to Levy, who disclaims beneficial ownership beyond any pecuniary interest in GPV.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 25,693 shares ($232,344)
Net Buy
2 txns
Insider
LEVY PAUL S
Role
null
Bought
25,693 shs ($232K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.0001 per share | 18,981 | $9.0501 | $172K |
| Purchase | Common Stock, par value $0.0001 per share | 6,712 | $9.0232 | $61K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 525,758 shares (Indirect, Great Point Ventures LLC)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $9.00 to $9.05, 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. These shares are held by Great Point Ventures, LLC ("GPV"). The reporting person is the sole manager of GPV, the members of which are certain trusts held for the benefit of family members of the reporting person. The reporting person disclaims beneficial ownership of the securities held by GPV, except to the extent of his pecuniary interest, if any, in the securities by virtue of his ownership of GPV. This report shall not be deemed an admission that the reporting person was the beneficial owner of such securities. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $9.04 to $9.07, 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.
Key Figures
Shares purchased on June 2: 18,981 shares
Shares purchased on June 1: 6,712 shares
Total shares bought: 25,693 shares
+3 more
6 metrics
Shares purchased on June 2
18,981 shares
Open-market purchase of common stock at weighted average $9.0501
Shares purchased on June 1
6,712 shares
Open-market purchase of common stock at weighted average $9.0232
Total shares bought
25,693 shares
Net buy across two open-market transactions
Weighted avg price June 2
$9.0501 per share
Common stock open-market purchase
Weighted avg price June 1
$9.0232 per share
Common stock open-market purchase
Indirect holdings after trades
525,758 shares
Common stock held by Great Point Ventures LLC
Key Terms
open-market purchase, weighted average price, beneficial ownership, pecuniary interest
4 terms
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
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.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the securities held by GPV"
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.
pecuniary interest financial
"except to the extent of his pecuniary interest, if any, in the securities"
FAQ
What insider transactions did LOGC director Paul S. Levy report on this Form 4?
Paul S. Levy reported two open-market purchases of ContextLogic (LOGC) common stock through Great Point Ventures LLC, totaling 25,693 shares. The trades occurred on June 1 and June 2 at weighted average prices around $9 per share.
Are the LOGC insider purchases by Paul S. Levy direct or indirect holdings?
The Form 4 classifies the holdings as indirect, owned by Great Point Ventures LLC. Levy is the sole manager of this entity and disclaims beneficial ownership beyond any pecuniary interest through his ownership in the LLC.