ContextLogic grants 50,000 RSUs to CFO & COO
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.
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (2)
- F1. The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of the Issuer's Common Stock, $0.0001 par value, for each RSU.
- F2. Subject to the Reporting Person's continued service, the RSU's will vest in equal installments of 20% of the total RSUs subject to the award on each of the first through fifth anniversaries of the effective date. 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).
Key Figures
Key Terms
Restricted Stock Unit financial
contingent right financial
par value financial
vest financial
settle financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider position did LOGC CFO Stewart Scott Matthew report on this Form 3?
What is the vesting schedule for Stewart Scott Matthew’s LOGC RSUs?
When will the vested LOGC RSUs settle into common stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.