ContextLogic CFO granted 50,000 RSUs
Stewart Scott Matthew reported acquisition or exercise transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary
Grant/Award: 50,000 shares
Grant/Award
1 txn
Insider
Stewart Scott Matthew
Role
CFO & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 50,000 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 50,000 contracts (Direct)
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
RSUs granted: 50,000 units
Underlying common shares: 50,000 shares
Vesting schedule: 20% per year for five years
+2 more
5 metrics
RSUs granted
50,000 units
Restricted Stock Units granted to CFO & COO Stewart Scott Matthew
Underlying common shares
50,000 shares
Common stock underlying the granted RSUs
Vesting schedule
20% per year for five years
Annual vesting on the first through fifth anniversaries of the effective date
Settlement window
Within 60 days after vesting
Timing for delivering shares upon each RSU vesting
Post-transaction RSU holdings
50,000 units
Total RSUs following the reported grant
Key Terms
Restricted Stock Units, contingent right, par value, vest, +1 more
5 terms
Restricted Stock Units financial
"The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"RSUs which represent a contingent right to receive one share of the Issuer's Common Stock"
par value financial
"Issuer's Common Stock, $0.0001 par value, for each RSU"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
vest financial
"RSU's will vest in equal installments of 20% of the total RSUs"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
settle financial
"Vested RSUs will settle on or following the vesting date, but in any event, within 60 days"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did LOGC report for CFO Stewart Scott Matthew?
ContextLogic reported that CFO & COO Stewart Scott Matthew received a grant of 50,000 Restricted Stock Units. These units are part of his equity compensation and do not involve any open-market stock purchases or sales by him.
How many Restricted Stock Units were granted to LOGC’s CFO?
The CFO received 50,000 Restricted Stock Units, each representing the right to one share of ContextLogic common stock. These units increase his potential future share ownership as they vest and settle into actual shares over time.
What is the vesting schedule for the LOGC CFO’s 50,000 RSUs?
The 50,000 RSUs vest in equal 20% installments on each of the first through fifth anniversaries of the award’s effective date. Vesting requires his continued service with the company through each applicable anniversary date.
Is the LOGC CFO’s RSU grant an open-market stock purchase or sale?
No, the RSU grant is a compensation award, not an open-market trade. The CFO did not buy or sell shares for cash; instead, he received equity that converts into shares over time as vesting conditions are met.
AI-generated analysis. How Rhea-AI works. Not financial advice.
