WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
June 14 2022 - 9:00AM
Business Wire
ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH), one of the
world’s largest mobile e-commerce platforms, today announced, as
required by Nasdaq Listing Rule 5635(c)(4), the grant of an
inducement award under Wish’s 2022 New Employee Equity Incentive
Plan (the “Inducement Plan”) to its new VP, Product Design, Stacy
All, on June 13, 2022.
As an inducement for Ms. All to enter into employment in
accordance with Nasdaq Listing Rule 5635(c)(4), Wish’s compensation
committee approved the grant to Ms. All of Restricted Stock Units
(“RSUs”) for 607,142 shares of the Company’s Class A common stock
under the Inducement Plan. The RSUs will vest over approximately
four years of Ms. All’s service, with 1/4th of the RSUs vesting on
the first Company Vesting Date following Ms. All’s completion of 12
months of continuous service following commencement of employment,
and an additional 1/12th of the remaining RSUs will vest on each
Company Vesting Date thereafter. The RSU award is subject to Ms.
All’s continuous service through the applicable vesting dates. A
“Company Vesting Date” means February 15, May 15, August 15, or
November 15.
To learn more about Wish, please visit www.wish.com.
About Wish:
Wish brings an affordable and entertaining shopping experience
to millions of consumers around the world. Since our founding in
San Francisco in 2010, we have become one of the largest global
ecommerce platforms, connecting millions of value-conscious
consumers to hundreds of thousands of merchants globally. Wish
combines technology and data science capabilities and an innovative
discovery-based mobile shopping experience to create a
highly-visual, entertaining, and personalized shopping experience
for its users. For more information about the company or to
download the Wish mobile app, visit www.wish.com or follow @Wish on
Facebook, Instagram and TikTok or @WishShopping on Twitter and
YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20220614005646/en/
Media contact: Carys Comerford-Green press@wish.com
Investor contact: ir@wish.com
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