Welcome to our dedicated page for ContextLogic SEC filings (Ticker: WISH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Trying to untangle Wish’s marketplace economics, logistics costs, or user growth figures across hundreds of SEC pages can feel overwhelming. ContextLogic’s 10-K details cross-border shipping risks, while a single Form 4 may hint at an executive’s outlook—yet finding those signals quickly is tough.
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Context: ContextLogic Inc. ("the Company") filed an 8-K to disclose executive changes effective June 30, 2025.
Key Events (Item 5.02):
- CFO Resignation: Brett Just notified the Company on June 24, 2025 of his intention to resign as Chief Financial Officer, effective June 30, 2025. The Company states the resignation is not related to any disagreement regarding operations, policies, or practices.
- Severance Package: In line with a previously disclosed Executive Severance and Change-in-Control Agreement, Mr. Just will receive: (i) a lump-sum cash payment equal to six months of base salary; (ii) a lump-sum cash payment equal to six months of benefits premiums; and (iii) accelerated vesting of outstanding time-based equity awards.
- CFO Appointment: The Board appointed Michael Scarola as the new Chief Financial Officer, also effective June 30, 2025.
Incoming CFO Compensation:
- Base salary: US $450,000 per annum.
- Equity grant: Restricted Stock Units (RSUs) with a target value of US $179,000, calculated by dividing that value by the average closing price of the Company’s Class A shares over the 30 trading days prior to the effective date, rounded down to the nearest share. Vesting schedule: 50 % on November 15, 2025 and 50 % on May 15, 2026, subject to continuous service.
- Other terms: Standard indemnification agreement consistent with other Company officers.
Regulatory Filings: Exhibit 10.199.1 (form of indemnification agreement) and Exhibit 104 (cover-page Inline XBRL) accompany the report.
Investor Takeaways: The Company ensures continuity by naming a successor effective the same day the outgoing CFO departs, and confirms no operational disagreements. Direct cash costs include six months’ salary and benefits for the departing CFO plus a US $450k annual commitment and US $179k equity grant to the incoming CFO.
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