Scarola Michael Gerard bought LOGC
June 30, 2025 · Form 4 insider transaction
Scarola Michael Gerard bought 23,740 shares of ContextLogic Holdings Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of the Issuer's Class A Common Stock, $0.0001 par value, for each RSU.; Subject to the Reporting Person's continued service, 50% of the RSUs will vest on November 15, 2025 and the remaining 50% of the RSUs will vest on May 15, 2026. 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).