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Filing Details

Accession Number:: 0001209191-21-056761
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2021-09-17 20:03:31
Reporting Period:: 2021-09-13

Accepted Time:: 2021-09-17 20:03:31
Original Submission Date:: 2021-09-15
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1822250	Contextlogic Inc.	WISH	()	4/A

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1766351	Hans Tung	One Sansome Street, 40Th Floor San Francisco CA 94104		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Acquisiton	2021-09-13	97,520	$0.00	642,572	No	4	C	Indirect	By GGV Capital IV Entrepreneurs Fund L.P.
Class A Common Stock	Disposition	2021-09-13	7,218	$6.63	635,354	No	4	S	Indirect	By GGV Capital IV Entrepreneurs Fund L.P.
Class A Common Stock	Disposition	2021-09-14	7,218	$6.40	628,136	No	4	S	Indirect	By GGV Capital IV Entrepreneurs Fund L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	By GGV Capital IV Entrepreneurs Fund L.P.
No	4	S	Indirect	By GGV Capital IV Entrepreneurs Fund L.P.
No	4	S	Indirect	By GGV Capital IV Entrepreneurs Fund L.P.

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Common Stock	Disposition	2021-09-13	97,520	$0.00	97,520	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect

Footnotes

Represents the number of shares of Class A Common Stock that were acquired by the Reporting Person upon conversion of Class B Common Stock shares for no additional consideration at the option of the Reporting Person.
The shares are held directly by GGV Capital IV Entrepreneurs Fund L.P. The Reporting Person is a Managing Partner of GGV Capital IV L.L.C., which is the general partner of GGV Capital IV Entrepreneurs Fund L.P., and the Reporting Person may be deemed to share voting and investment powers with regard to the securities held directly by such entities.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.50 to $6.72. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer of the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this foonote.
The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.30 to $6.68. 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 sold at each separate price within the range set forth in this footnote.
All shares of Class B Common Stock will automatically convert, on a one-for-one basis, into shares of Class A Common Stock on the earliest of (i) any transfer of the Class B Common Stock by the holder, whether or not for value, subject to certain exceptions, (ii) the 7-year anniversary of the closing date of the issuer's initial public offering, (iii) the date on which the number of outstanding shares of Class B Common Stock represents less than 5% of the aggregate combined number of outstanding shares of Class A Common Stock and Class B Common Stock, (iv) the date specified by a vote of the holders of a majority of the then outstanding shares of Class B Common Stock, or (v) a date that is between 90 and 270 days, as determined by the board of directors, after the death of permanent incapacity of the issuer's founder, CEO, and Chairperson.
Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock. Each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except certain permitted transfers