ContextLogic Holdings Inc. SEC Filings

ContextLogic Holdings Inc. director-associated entity Great Point Ventures LLC reported an open-market purchase of 12,926 shares of common stock at a weighted average price of $9.1713 per share, with individual trades between $9.15 and $9.20. Following this transaction, Great Point Ventures LLC holds 638,112 shares indirectly. Paul S. Levy is the sole manager of Great Point Ventures LLC and disclaims beneficial ownership of these securities except to the extent of any pecuniary interest.

ContextLogic Holdings Inc. director-associated entity Great Point Ventures LLC reported open-market purchases of the company’s common stock. Over June 3–5, the LLC bought a total of 99,428 shares at weighted average prices around $9 per share, based on multiple trades each day.

Following the most recent transaction, Great Point Ventures LLC held 625,186 shares of ContextLogic common stock indirectly. Director Paul S. Levy is the sole manager of the LLC, but he disclaims beneficial ownership of the securities except to the extent of any pecuniary interest through his ownership of the entity.

ContextLogic Holdings Inc. director-associated entity Great Point Ventures LLC reported open-market purchases of the company’s common stock. Over June 3–5, the LLC bought a total of 99,428 shares at weighted average prices around $9 per share, based on multiple trades each day.

Following the most recent transaction, Great Point Ventures LLC held 625,186 shares of ContextLogic common stock indirectly. Director Paul S. Levy is the sole manager of the LLC, but he disclaims beneficial ownership of the securities except to the extent of any pecuniary interest through his ownership of the entity.

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.

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.

Stewart Scott Matthew reported acquisition or exercise transactions in this Form 4 filing.

ContextLogic Holdings Inc. reported that CFO & COO Stewart Scott Matthew received a grant of 50,000 Restricted Stock Units. Each RSU represents a right to one share of common stock. The award vests in 20% annual installments over five years, subject to continued service, with settled shares delivered within 60 days after each vesting date.

Stewart Scott Matthew reported acquisition or exercise transactions in this Form 4 filing.

ContextLogic Holdings Inc. reported that CFO & COO Stewart Scott Matthew received a grant of 50,000 Restricted Stock Units. Each RSU represents a right to one share of common stock. The award vests in 20% annual installments over five years, subject to continued service, with settled shares delivered within 60 days after each vesting date.

ContextLogic Holdings Inc. reported initial equity holdings for its CFO & COO, Stewart Scott Matthew, consisting of restricted stock units (RSUs) tied to the company’s common stock. The RSUs cover 50,000 underlying shares and carry an exercise price of $0.0000 per share.

According to the disclosure, these RSUs vest in five equal annual installments of 20%, starting on the first anniversary of the effective date, as long as he continues in service. Each vested portion will convert into common shares and be settled on or shortly after the applicable vesting date.

ContextLogic Holdings Inc. reported initial equity holdings for its CFO & COO, Stewart Scott Matthew, consisting of restricted stock units (RSUs) tied to the company’s common stock. The RSUs cover 50,000 underlying shares and carry an exercise price of $0.0000 per share.

According to the disclosure, these RSUs vest in five equal annual installments of 20%, starting on the first anniversary of the effective date, as long as he continues in service. Each vested portion will convert into common shares and be settled on or shortly after the applicable vesting date.

ContextLogic Holdings Inc. announced leadership changes in its finance function. Interim Chief Financial Officer Chad Chevalier notified the company on May 29, 2026 of his intention to resign, effective June 1, 2026, and the company states his resignation is not due to any disagreement over operations, policies, or practices.

Effective June 1, 2026, Scott Stewart was appointed Chief Financial Officer and Chief Operating Officer. His employment agreement provides a base salary of $400,000 per year and eligibility for an annual bonus targeted at 37.5% of base salary, with a range of 25% to 50% based on performance. He will receive a new‑hire grant of 50,000 RSUs vesting 20% annually over five years and is eligible for annual refresh grants of at least 25,000 RSUs for up to five bonus cycles. A severance and change‑in‑control agreement offers cash severance, benefit payments, and equity vesting acceleration if he is terminated without cause or resigns for good reason, with enhanced benefits in connection with a change in control.

ContextLogic Holdings Inc. announced leadership changes in its finance function. Interim Chief Financial Officer Chad Chevalier notified the company on May 29, 2026 of his intention to resign, effective June 1, 2026, and the company states his resignation is not due to any disagreement over operations, policies, or practices.

Effective June 1, 2026, Scott Stewart was appointed Chief Financial Officer and Chief Operating Officer. His employment agreement provides a base salary of $400,000 per year and eligibility for an annual bonus targeted at 37.5% of base salary, with a range of 25% to 50% based on performance. He will receive a new‑hire grant of 50,000 RSUs vesting 20% annually over five years and is eligible for annual refresh grants of at least 25,000 RSUs for up to five bonus cycles. A severance and change‑in‑control agreement offers cash severance, benefit payments, and equity vesting acceleration if he is terminated without cause or resigns for good reason, with enhanced benefits in connection with a change in control.

ContextLogic Holdings Inc. director and 10% owner Bobbili Raja reported open-market insider purchases made through an estate planning vehicle. On May 26–28, 2026, the estate planning vehicle bought a total of 130,201 shares of common stock at weighted average prices around $8.63–$8.75 per share in multiple transactions. Following the most recent purchase, the estate planning vehicle held 630,201 shares indirectly. A separate indirect holding entry shows 18,269,534 shares beneficially owned as of May 26, 2026 through Abrams Capital Partners I and II and Riva Capital Partners V and VI, where Raja is a member of the respective general partners and disclaims beneficial ownership except for his pecuniary interest.

ContextLogic Holdings Inc. director and 10% owner Bobbili Raja reported open-market insider purchases made through an estate planning vehicle. On May 26–28, 2026, the estate planning vehicle bought a total of 130,201 shares of common stock at weighted average prices around $8.63–$8.75 per share in multiple transactions. Following the most recent purchase, the estate planning vehicle held 630,201 shares indirectly. A separate indirect holding entry shows 18,269,534 shares beneficially owned as of May 26, 2026 through Abrams Capital Partners I and II and Riva Capital Partners V and VI, where Raja is a member of the respective general partners and disclaims beneficial ownership except for his pecuniary interest.

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.

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.

ContextLogic Holdings Inc. completed the transformational US Salt Acquisition and is now reporting as a combined salt-focused business. The company acquired US Salt for $921.7 million, including $596.5 million in cash and $325.2 million in equity at $8.00 per share or unit. This drove total assets to $977.0 million as of March 31 2026, up from $407.8 million at December 31 2025, and added significant goodwill and intangibles.

For the Successor period from February 27 to March 31 2026, ContextLogic generated net sales of $12.1 million and net income of $15.3 million, helped by a large income tax benefit of $41.9 million and offset by $20.7 million of transaction expenses. Operating cash flow was negative $20.4 million, and total net cash outflow for investing, mainly the US Salt Acquisition, was $585.9 million, reducing cash to $12.0 million. The deal was financed with a new $215.0 million term loan, a rights offering, and backstop equity investments, creating a sizable noncontrolling interest of $443.7 million.

ContextLogic Holdings Inc. completed the transformational US Salt Acquisition and is now reporting as a combined salt-focused business. The company acquired US Salt for $921.7 million, including $596.5 million in cash and $325.2 million in equity at $8.00 per share or unit. This drove total assets to $977.0 million as of March 31 2026, up from $407.8 million at December 31 2025, and added significant goodwill and intangibles.

For the Successor period from February 27 to March 31 2026, ContextLogic generated net sales of $12.1 million and net income of $15.3 million, helped by a large income tax benefit of $41.9 million and offset by $20.7 million of transaction expenses. Operating cash flow was negative $20.4 million, and total net cash outflow for investing, mainly the US Salt Acquisition, was $585.9 million, reducing cash to $12.0 million. The deal was financed with a new $215.0 million term loan, a rights offering, and backstop equity investments, creating a sizable noncontrolling interest of $443.7 million.

ContextLogic Holdings Inc. reported first-quarter 2026 results, its first period consolidating the February 26 acquisition of US Salt. Combined non-GAAP revenue was $32.4 million, essentially flat versus $32.3 million a year earlier. Shipped volume fell to 102.4 thousand tons from 110.2 thousand tons, but an 8% increase in average selling price largely offset the decline.

Combined non-GAAP net income rose to $17.0 million from $2.9 million, mainly due to a $41.9 million discrete tax benefit related to the US Salt acquisition and higher corporate costs. Combined Adjusted EBITDA was $11.6 million, down from $12.5 million, reflecting about $1 million of new corporate expenses.

Free Cash Flow for the combined quarter was ($20.6) million versus $1.3 million in the prior-year quarter, driven by significant transaction expenses for the US Salt deal. As of March 31, 2026, total assets were $977.0 million, including increased property, plant and equipment and intangibles, and long-term debt was $209.8 million. Weighted average units outstanding at ContextLogic Holdings, LLC were 101.6 million, with 45.7 million equivalent to public common shares.

ContextLogic Holdings Inc. reported first-quarter 2026 results, its first period consolidating the February 26 acquisition of US Salt. Combined non-GAAP revenue was $32.4 million, essentially flat versus $32.3 million a year earlier. Shipped volume fell to 102.4 thousand tons from 110.2 thousand tons, but an 8% increase in average selling price largely offset the decline.

Combined non-GAAP net income rose to $17.0 million from $2.9 million, mainly due to a $41.9 million discrete tax benefit related to the US Salt acquisition and higher corporate costs. Combined Adjusted EBITDA was $11.6 million, down from $12.5 million, reflecting about $1 million of new corporate expenses.

Free Cash Flow for the combined quarter was ($20.6) million versus $1.3 million in the prior-year quarter, driven by significant transaction expenses for the US Salt deal. As of March 31, 2026, total assets were $977.0 million, including increased property, plant and equipment and intangibles, and long-term debt was $209.8 million. Weighted average units outstanding at ContextLogic Holdings, LLC were 101.6 million, with 45.7 million equivalent to public common shares.