{"id":732687,"date":"2023-02-17T16:34:14","date_gmt":"2023-02-17T21:34:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/"},"modified":"2023-02-17T16:34:14","modified_gmt":"2023-02-17T21:34:14","slug":"wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/","title":{"rendered":"WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN FRANCISCO, Feb.  17, 2023  (GLOBE NEWSWIRE) &#8212; ContextLogic Inc. (d\/b\/a Wish) (NASDAQ: WISH), one of the world\u2019s largest mobile e-commerce platforms, today announced, as required by Nasdaq Listing Rule 5635(c)(4), the grant of inducement awards under Wish\u2019s 2022 New Employee Equity Incentive Plan (the \u201cInducement Plan\u201d) to 23 new employees, effective February 15, 2023.<\/p>\n<p>As an inducement for the new employees to enter into employment in accordance with Nasdaq Listing Rule 5635(c)(4), Wish\u2019s compensation committee approved the grant of Restricted Stock Units (\u201cRSUs\u201d) for 9,661,589 shares of the Company\u2019s common stock under the Inducement Plan. The RSUs will vest as follows:<\/p>\n<ul type=\"disc\">\n<li>22 employees received RSU awards, 9,161,589 shares in the aggregate, that will vest over time based on each recipient\u2019s 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\u2019s continuous service on each such Company Vesting Date. A \u201cCompany Vesting Date\u201d means February 15th, May 15th, August 15th, or November 15th.<\/li>\n<li>1 employee received an RSU award of 500,000 shares that will vest over time based on the recipient\u2019s continued service, with 12.5% of the RSUs vesting on the first Company Vesting Date after the recipient completes 6 months of continuous service following the vesting commencement date, with an additional 12.5% of the RSUs vesting one year from the vesting commencement date, and with an additional 1\/12th of the remaining RSUs vesting on each Company Vesting Date thereafter, subject to the recipient\u2019s continuous service on each such Company Vesting Date.<\/li>\n<\/ul>\n<p>\n        <strong>About Wish:<\/strong>\n      <\/p>\n<p>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cCLPKpgN_76KOgwBCXnb702WVabH560ODEEGOfwbN92kWpgs0YQRft_620BAQwx8DF7A6nGwtc2CV1O2dQHOyvvnYhkPCxvcyTRSWo33Jn_B1zAwlw6im10bldq3kgBk5NzzVE0uYycBcTAXJWjn7psdC0RGSGfd4WtIrRJ3H_eyptGNpovgMXWtAMrL1vQ6EapH0SoEUiKIvaNooq7Wo-jkSWC6RpkeS2PoPX5dNKbE9ZTP9VKipYaqmGZECqIzWs99oo0s6sZzY-holzgNbQHO1j1fUQ4z4UzpRlgMPQp93f-n5zhAGtbxE6KO2xkRaM6hkRM57VXbUcrZ0IU2Jt4Iho_Xy3DvExW9FXlmSMgDZ78g1-qezUBuVMRqkitw\" rel=\"nofollow noopener\" target=\"_blank\">Wish mobile app<\/a>, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xVkiQI5jZ14P2WHDiIBLQltpyDC7tnVVgRGbdhLsphLZrV4jx-K01z7csoLw4ZTiQbHRiOSQLWm_t36kTXUS6U_9_kF6ZlCuxnpIhiFbDBzWcdB0oP90bZDpoo_fpsSVZt2jnMFTXwHato2RLHZ-fgebtv9zXJGc42sYBDvgAew-QwN4GgVtGshfRFiDyQLMfv5A6Qm6PweyWQPqwZuKLyhFdLahksBCXCmb3gTVmBaVROjncyJv93Nx6xdwcXbHwC8fqPMbKWi3RtEd5C-4CN7eDYivJK5eRSl3obP_bR_BselT2mDYCKXBaLyEvqVy\" rel=\"nofollow noopener\" target=\"_blank\">www.wish.com<\/a> or follow @Wish on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=y4AFWn5yfczVzGlu2fM8girm_cjwv4oVk0K4Yk-4951c3sjvr4NsBKCRTuL3X41urT95Gobjd-MN54PJzMO0fVcws6Xndbt4gLosWhrlo-b_1g7VzB-4Yos2FiMf4ofMHzEOX48WMA9FznExasas5MHWRNCix2OCrpBQAbfNCSyoj9HGoQO2RI_hmcNbYT4LL5O5g854KyCZyB9zE8oM6IO39evunpYIAlWd_WemLigANjZwtBwp9TIs7Ea-x9iJ-36LuJEPuUcr_7khHHDSDxw1f_LdI31qjqL5VgpQ07y4-hEAGN0rIeMZhvqHu1sq\" rel=\"nofollow noopener\" target=\"_blank\">Facebook<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=i5VonDaf8zUQSHJMlKF8Dvk0Pi0SryciLnuoSheRbP7V5wyiDUUx_nEQsCl7v7jduPUfyVl2jptE8s94kV6HECedzpMWe2zH-0xZ-PPDdZBdQYK6W9Wmw67ekWKcwghbUYXj2o-iTPt6MGtLp2y6Jdt3AigvKOLw4Xq6a8Il1TnhP3b-kW4ImC5Q0ku4zoSPQ5KbFyugtrsv_rQmdtD2ym2ODdnNz-ozJyJGkgPKEouw47yy_DBBXEndZJuHSvVRC1GSfU-T64AEOLWTcQmKkq4P2jwTU1KkEcI-Oohxj9XJRxiSS5zXxwooS_Ftvk4g\" rel=\"nofollow noopener\" target=\"_blank\">Instagram<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LaYVOBc-rLbCVcgKvRfnKuXTNPcy0QtSpmawoVwK9xoUSdQt8jrPtEBu1_9gyEHTQm0VLT2dPdiuyTUKZG42zlEmRiHyUBZha2sySlmG4KoI_weFj0AQM9_F20Bh_0T4ZFTZQIaxB-1phIaO8fXVO8bBvEN61wEv5PBI-C9AxQVNNk4Nf9fP3QvWMeS71ovJgqbQ8GhBkYYU5OwcWJ133JO9i_Jf44eKkO2Egs5EaZTc1IuJREIU9ADCOsP4LMOepD051b-_7c5BiSljuOc6qdpn9IzWyn1MYBOe2r3gNmXfQXrbIr74z8QJ2tLcxJgPKE2g1jJiMgIXx_bmUb3gKA==\" rel=\"nofollow noopener\" target=\"_blank\">TikTok<\/a> or @WishShopping on <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZOvlmiNDWec3EfMBxnMrG98E63-5CQ6NscTjA1rxZuycCEEqFMPIBemj7l7Pix3M81i0pcKwXwxEmWuG1sGxvy6H1EDMLN1ECGmYXikEQQyW2-9d_2je1Z-RtlqeDBOoz5nCJkk_2kkzKbgKAdJXeKIFibC8vFTAMycdBK_Pn72wV5RxrZPzr8b6ukcJ5irVVr7pAHVUZ-uhimNfNpfSlr1PFMy7633uv8XKykxXSL4H1VHLucvA2oOV_GFl3j8kSHWdjNjym3xnvf90p3twwpnTd2ETPL-t4U1Qgh3OmqUF84SVZRvbDP95HQgrCzfK\" rel=\"nofollow noopener\" target=\"_blank\">Twitter<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AKIlDTMciEqH8Y-6BNW3fsxdf-MkSnCUXi6DbAufoIs7awboUk5wR895PfTlyvTC6Z5czHDrhPXD10ZkCq93S8qHVGco1bNDvjyo2XvpLvp6Yf7zTHdA3H4aReU5bp-W7uDM_3OsaSjp5Y7JM8-c5vQFQCdliSwirfKfkyxYYnpeaDfl6n9cYBWrDIty1eREibNtGKTtX83nMJKcLXn9ZcdfchGGeYPqVbiYxlhwB_lb48qq63GOsH4NE37GHuIVV2H7uHFC3PfjrK1HrnJwnZbvE_qNbLv0qgFSetrT0seYf4b6yvg4Hxto-VQew3AufoRe6eLZtZ3ETX9jOe3NQZNQofQmpjixw8NR6bJmT8k=\" rel=\"nofollow noopener\" target=\"_blank\">YouTube<\/a>.To learn more about Wish, please visit www.wish.com.<\/p>\n<p>\n        <strong>Media contact: <\/strong><br \/>\n        <br \/>Carys Comerford-Green <br \/>press@wish.com<\/p>\n<p>\n        <strong>Investor contact:<\/strong><br \/>\n        <br \/>Ralph Fong<br \/>ir@wish.com<\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc1MTA3MyM1NDE0MDU2IzIyMDQzMzE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MzlmN2FiYjktZDM0ZC00NDE2LTk5ZWMtNTg4NWViMjM0Mzg2LTEyMTU4ODQ=\/tiny\/ContextLogic-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, Feb. 17, 2023 (GLOBE NEWSWIRE) &#8212; ContextLogic Inc. (d\/b\/a Wish) (NASDAQ: WISH), one of the world\u2019s largest mobile e-commerce platforms, today announced, as required by Nasdaq Listing Rule 5635(c)(4), the grant of inducement awards under Wish\u2019s 2022 New Employee Equity Incentive Plan (the \u201cInducement Plan\u201d) to 23 new employees, effective February 15, 2023. As an inducement for the new employees to enter into employment in accordance with Nasdaq Listing Rule 5635(c)(4), Wish\u2019s compensation committee approved the grant of Restricted Stock Units (\u201cRSUs\u201d) for 9,661,589 shares of the Company\u2019s common stock under the Inducement Plan. The RSUs will vest as follows: 22 employees received RSU awards, 9,161,589 shares in the aggregate, that will vest over time based on each &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732687","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN FRANCISCO, Feb. 17, 2023 (GLOBE NEWSWIRE) &#8212; ContextLogic Inc. (d\/b\/a Wish) (NASDAQ: WISH), one of the world\u2019s largest mobile e-commerce platforms, today announced, as required by Nasdaq Listing Rule 5635(c)(4), the grant of inducement awards under Wish\u2019s 2022 New Employee Equity Incentive Plan (the \u201cInducement Plan\u201d) to 23 new employees, effective February 15, 2023. As an inducement for the new employees to enter into employment in accordance with Nasdaq Listing Rule 5635(c)(4), Wish\u2019s compensation committee approved the grant of Restricted Stock Units (\u201cRSUs\u201d) for 9,661,589 shares of the Company\u2019s common stock under the Inducement Plan. The RSUs will vest as follows: 22 employees received RSU awards, 9,161,589 shares in the aggregate, that will vest over time based on each &hellip; Continue reading &quot;WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-17T21:34:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc1MTA3MyM1NDE0MDU2IzIyMDQzMzE=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)\",\"datePublished\":\"2023-02-17T21:34:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\\\/\"},\"wordCount\":407,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODc1MTA3MyM1NDE0MDU2IzIyMDQzMzE=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\\\/\",\"name\":\"WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - 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(d\/b\/a Wish) (NASDAQ: WISH), one of the world\u2019s largest mobile e-commerce platforms, today announced, as required by Nasdaq Listing Rule 5635(c)(4), the grant of inducement awards under Wish\u2019s 2022 New Employee Equity Incentive Plan (the \u201cInducement Plan\u201d) to 23 new employees, effective February 15, 2023. As an inducement for the new employees to enter into employment in accordance with Nasdaq Listing Rule 5635(c)(4), Wish\u2019s compensation committee approved the grant of Restricted Stock Units (\u201cRSUs\u201d) for 9,661,589 shares of the Company\u2019s common stock under the Inducement Plan. The RSUs will vest as follows: 22 employees received RSU awards, 9,161,589 shares in the aggregate, that will vest over time based on each &hellip; Continue reading \"WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-17T21:34:14+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc1MTA3MyM1NDE0MDU2IzIyMDQzMzE=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)","datePublished":"2023-02-17T21:34:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/"},"wordCount":407,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc1MTA3MyM1NDE0MDU2IzIyMDQzMzE=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-6\/","name":"WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - 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