{"id":758565,"date":"2023-05-12T16:34:49","date_gmt":"2023-05-12T20:34:49","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-7\/"},"modified":"2023-05-12T16:34:49","modified_gmt":"2023-05-12T20:34:49","slug":"wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-7","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wish-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-7\/","title":{"rendered":"WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"
\n

SAN FRANCISCO, May 12, 2023 (GLOBE NEWSWIRE) — 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 8 new employees, effective May 10, 2023.<\/p>\n

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 147,485 shares of the Company\u2019s Class A common stock under the Inducement Plan. The RSUs 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.<\/p>\n

\n About Wish:<\/strong>\n <\/p>\n

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<\/a>, visit www.wish.com<\/a> or follow @Wish on Facebook<\/a>, Instagram<\/a> and TikTok<\/a> or @WishShopping on Twitter<\/a> and YouTube<\/a>.To learn more about Wish, please visit www.wish.com.<\/p>\n

\n Media contact: <\/strong>
\n
Carys Comerford-Green
press@wish.com<\/p>\n

\n Investor contact:<\/strong>
\n
Ralph Fong
ir@wish.com<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SAN FRANCISCO, May 12, 2023 (GLOBE NEWSWIRE) — 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 8 new employees, effective May 10, 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 147,485 shares of the Company\u2019s Class A common stock under the Inducement Plan. The RSUs will vest over time based on each recipient\u2019s continued service, with 25% of the RSUs vesting on the first Company … <\/p>\n

Continue reading “WISH Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)”<\/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-758565","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWISH 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-5635c4-7\/\" \/>\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, May 12, 2023 (GLOBE NEWSWIRE) — 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 8 new employees, effective May 10, 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 147,485 shares of the Company\u2019s Class A common stock under the Inducement Plan. 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