WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
28 Julho 2023 - 5:15PM
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 inducement awards
under Wish’s 2022 New Employee Equity Incentive Plan (the
“Inducement Plan”) to 3 new employees, effective July 27, 2023.
As an inducement for the new employees to enter into employment
in accordance with Nasdaq Listing Rule 5635(c)(4), Wish’s
compensation committee approved the grant of Restricted Stock Units
(“RSUs”) for 41,852 shares of the Company’s Class A common stock
under the Inducement Plan. The RSUs will vest over time based on
each recipient’s continued service, with 25% of the RSUs vesting on
the first Company Vesting Date after the recipient completes 12
months of continuous service following the vesting commencement
date, with an additional 6.25% of the RSUs vesting on each
subsequent Company Vesting Date thereafter, subject to the
recipient’s continuous service on each such Company Vesting Date. A
“Company Vesting Date” means February 15th, May 15th, August 15th,
or November 15th.
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.To learn more about Wish, please visit www.wish.com.
Media contact: Carys Comerford-Green
press@wish.com
Investor contact: Ralph Fongir@wish.com
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