Summary by Futu AI
Joanna Forster, General Counsel & Chief Compliance Officer of ContextLogic Inc. (WISH), filed an Initial Statement of Beneficial Ownership with the SEC on April 29, 2024. The filing, required under Section 16(a) of the Securities Exchange Act of 1934, indicates that Forster beneficially owns 5,404 shares of Class A Common Stock directly. Additionally, the report details that Forster has vested Restricted Stock Units (RSUs) that will convert to 50,036 shares of Class A Common Stock within 60 days following April 19, 2024. The RSUs are fully vested and the conversion is set at a price of $0, indicating no cost to the reporting person upon settlement.