Entity linked to ContextLogic director buys shares
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.
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 12,926 shares
Net Buy
1 txn
Insider
LEVY PAUL S
Role
Director
Bought
12,926 shs ($119K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock, par value $0.0001 per share | 12,926 | $9.1713 | $119K |
Holdings After Transaction:
Common Stock, par value $0.0001 per share — 638,112 shares (Indirect, Great Point Ventures LLC)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions at prices ranging from $9.15 to $9.20, 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.
- F2. 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.
Key Figures
Shares purchased: 12,926 shares
Weighted average price: $9.1713 per share
Trade price range: $9.15–$9.20 per share
+1 more
4 metrics
Shares purchased
12,926 shares
Open-market purchase on 2026-06-08
Weighted average price
$9.1713 per share
Average across multiple trades
Trade price range
$9.15–$9.20 per share
Range of individual purchase prices
Indirect shares after transaction
638,112 shares
Held by Great Point Ventures LLC after purchase
Key Terms
open-market purchase, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 terms
open-market purchase financial
"reported an open-market purchase of 12,926 shares of common stock"
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"
indirect ownership financial
"These shares are held by Great Point Ventures, LLC ("GPV")."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ContextLogic (LOGC) report for Paul S. Levy?
ContextLogic reported an open-market purchase of 12,926 common shares at a weighted average price of $9.1713. The shares are held indirectly through Great Point Ventures LLC, an entity managed by director Paul S. Levy, rather than in his direct ownership.
What does the weighted average price mean in the ContextLogic (LOGC) Form 4?
The weighted average price of $9.1713 represents the average price paid across multiple trades between $9.15 and $9.20. It simplifies reporting while the filer can provide exact share counts at each price upon request to regulators or shareholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
