Form 4: ContextLogic Inc. Executive Settles Restricted Stock Units
SEC Form 4 Filing
Brett Just, SVP of Finance at ContextLogic Inc. (WISH), settled restricted stock units and had shares withheld for tax obligations on March 15, 2024.
Summary
- On March 15, 2024, Brett Just, SVP of Finance at ContextLogic Inc., settled restricted stock units (RSUs) that vested.
- 27 shares of Class A Common Stock were received upon settlement of the RSUs.
- 16 shares of Class A Common Stock were withheld by the issuer to satisfy tax obligations related to the RSU settlement at a price of $6.09 per share.
- Following these transactions, Mr. Just directly owns 6,870 shares of Class A Common Stock and 159 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of RSU settlement and tax withholding. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
| 09/28/2027 | Expiration date of the Restricted Stock Units. |
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