DEF 14A 1 ny20001663x1_def14a.htm DEF 14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

(Rule 14a-101)

INFORMATION REQUIRED IN PROXY STATEMENT

SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934 (Amendment No. )

Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐			Preliminary Proxy Statement
☐			Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒			Definitive Proxy Statement
☐			Definitive Additional Materials
☐			Soliciting Material under §240.14a-12

CONTEXTLOGIC INC.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

☒			No fee required.
☐			Fee paid previously with preliminary materials.
☐			Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

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April 26, 2022

Dear Stockholders of ContextLogic Inc.:

It is my pleasure to invite you to attend the 2022 Annual Meeting of Stockholders (“Annual Meeting” or “2022 Annual Meeting”) of ContextLogic Inc. d/b/a Wish, to be held on Tuesday, June 7, 2022 at 10 a.m. Pacific Daylight Time. Our Annual Meeting will be completely virtual. We believe a virtual annual meeting provides safe and expanded access, improves communication, enables increased stockholder attendance and participation, and provides cost savings. You may attend the virtual meeting, submit questions, and vote your shares electronically during the meeting via live webcast by visiting http://www.virtualshareholdermeeting.com/WISH2022.

Details regarding the business to be conducted at our Annual Meeting are more fully described in the accompanying Notice of Annual Meeting of Stockholders and Proxy Statement.

We are pleased to take advantage of the Securities and Exchange Commission rules that allow us to furnish proxy materials to stockholders over the Internet. We believe that providing our proxy materials over the Internet increases the accessibility of our information to stockholders while reducing the environmental impact of our Annual Meeting. On or around April 26, 2022, we expect to mail to our stockholders a Notice of Internet Availability of Proxy Materials (the “Notice”) containing instructions on how to access the proxy statement for our 2022 Annual Meeting of Stockholders (the “Proxy Statement”) and our 2021 Annual Report. The Notice will also provide instructions on how to vote online or by telephone, and how to receive printed proxy materials by mail.

Whether or not you plan to virtually attend our Annual Meeting, your vote is important and we encourage you to vote promptly. You may vote by proxy over the Internet or by telephone, or, if you have received printed proxy materials by mail, you can also vote by mail by following the instructions on your proxy card. If you virtually attend our Annual Meeting, you will have the right to revoke your proxy and vote electronically during the meeting via the live webcast. If you hold your shares through an account with a brokerage firm, bank, or other nominee, please follow the instructions you receive from your brokerage firm, bank, or other nominee to vote your shares.

On behalf of the Board of Directors, thank you for your continued interest and support in Wish.

Sincerely,

Vijay Talwar

Chief Executive Officer

One Sansome Street, 33^rd Floor

San Francisco, California 94104

www.wish.com

ContextLogic Inc. Proxy Statement and Notice of 2022 Annual Meeting of Stockholders

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ContextLogic Inc.

One Sansome Street, 33^rd Floor

San Francisco, California 94104

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS

To Be Held On June 7, 2022

Dear Stockholders of ContextLogic Inc.:

You are cordially invited to attend the Annual Meeting (“Annual Meeting” or “2022 Annual Meeting”) of Stockholders of ContextLogic Inc. d/b/a Wish, a Delaware corporation. The meeting will be held on Tuesday, June 7, 2022, at 10 a.m. Pacific Daylight Time. Our Annual Meeting will be completely virtual. You may attend the meeting, submit questions, and vote your shares electronically during the meeting via live webcast by visiting http://www.virtualshareholdermeeting.com/WISH2022. At the Annual Meeting, our stockholders will be asked:

1.	To elect all of our existing directors to serve until the 2023 Annual Meeting of Stockholders, who include Vijay Talwar, Julie Bradley, Tanzeen Syed, Piotr Szulczewski, Stephanie Tilenius, and Hans Tung;

2.	To ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022;

3.	To approve, on an advisory basis, our executive compensation for the year ended December 31, 2021, as disclosed herein; and

4.	To conduct any other business properly brought before the meeting.

The items of business listed above are more fully described in the Proxy Statement accompanying this Notice. The record date for the Annual Meeting is April 11, 2022. Only stockholders of record at the close of business on that date may vote at the meeting or any adjournment thereof.

The Board of Directors is pleased to nominate Vijay Talwar, Julie Bradley, Tanzeen Syed, Piotr Szulczewski, Stephanie Tilenius, and Hans Tung as members of the Board.

Regardless of the number of shares you own, your vote is important. Therefore, even if you currently plan to virtually attend the 2022 Annual Meeting, please vote or submit your proxy as soon as possible so that your shares can be voted at the 2022 Annual Meeting in accordance with your instructions. Both telephone and Internet voting are available. For specific instructions on voting, please refer to the instructions in the Notice of Internet Availability of Proxy Materials or the proxy card. If you do virtually attend the 2022 Annual Meeting and wish to vote electronically, you may withdraw your proxy at that time.

Please read the attached Proxy Statement, as it contains important information you need to know to vote at our 2022 Annual Meeting.

By Order of the Board of Directors,

Devang Shah

General Counsel and Secretary

San Francisco, California

April 26, 2022

You are cordially invited to attend the virtual meeting. Whether or not you expect to attend the virtual meeting, please vote as soon as possible. We encourage you to vote via the Internet. For further details, see “Questions and Answers about This Proxy Material and Voting.”

ContextLogic Inc. Proxy Statement and Notice of 2022 Annual Meeting of Stockholders

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ContextLogic Inc.

One Sansome Street, 33^rd Floor

San Francisco, California 94104

FOR THE 2022 ANNUAL MEETING OF STOCKHOLDERS

TO BE HELD ON JUNE 7, 2022

This Proxy Statement and proxy card are furnished in connection with the solicitation of proxies to be voted at the 2022 Annual Meeting of Stockholders (“Annual Meeting” or “2022 Annual Meeting”) of ContextLogic Inc. d/b/a Wish (sometimes referred to as “we,” “us,” “our,” the “Company,” “ContextLogic,” or “Wish”), which will be held virtually on Tuesday, June 7, 2022, at 10 a.m. Pacific Daylight Time via live webcast by visiting http://www.virtualshareholdermeeting.com/WISH2022.

INTERNET AVAILABILITY OF PROXY MATERIALS

We are making this Proxy Statement and our Annual Report available to stockholders primarily via the Internet, instead of mailing printed copies of those materials to each stockholder. On or around April 26, 2022, we intend to mail to our stockholders: (a) a copy of this Proxy Statement, a proxy card, and our Annual Report, or (b) a notice (the “Notice”) containing instructions on how to access and review this Proxy Statement and our Annual Report. The Notice also instructs you on how you may submit your proxy over the Internet or via telephone in advance of our Annual Meeting, and how to vote online during our Annual Meeting. If you have received a Notice and would like to receive a printed copy of our proxy materials, you should follow the instructions in the Notice for requesting those materials.

Additionally, you can find a copy of our Annual Report on Form 10-K, which includes our financial statements for the fiscal year ended December 31, 2021, on the website of the Securities and Exchange Commission (“SEC”), at www.sec.gov, or in the “SEC Filings” section of the “Financial Information” section of our Investor Relations website located at www.ir.wish.com. You may also obtain a printed copy of our Annual Report on Form 10-K, which includes our financial statements, free of charge, by sending a written request to corporatesecretary@wish.com. Exhibits will be provided upon written request and payment of an appropriate processing fee.

ContextLogic Inc. Proxy Statement and Notice of 2022 Annual Meeting of Stockholders

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				Page
	Questions and Answers About This Proxy Material and Voting			1
	Directors, Executive Officers, and Corporate Governance			6
	Security Ownership of Certain Beneficial Owners and Management			16
	Section 16(a) Beneficial Ownership Reporting Compliance			19
	Certain Relationships and Related Party Transactions			20
	Executive Compensation			21
	Director Compensation			39
	Securities Authorized for Issuance Under Equity Compensation Plans			40
	Independent Registered Public Accounting Firm			41
	Report of the Audit Committee of the Board of Directors			42
	Proposal 1—Election of Directors			43
	Proposal 2—Ratification of Appointment of PricewaterhouseCoopers LLP as our Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2022			44
	Proposal 3—Advisory Approval of Our Executive Compensation for the Year Ended December 31, 2021			46
	Other Matters			47

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Why am I receiving these materials?

These proxy materials are being provided because the Board of Directors (the “Board” or “Board of Directors”) of ContextLogic Inc. (“we,” “us,” “our,” the “Company,” “ContextLogic,” or “Wish”) is soliciting your proxy to vote at our 2022 Annual Meeting.

Why did I receive a Notice of Internet Availability of Proxy Materials in the mail instead of a printed set of proxy materials?

In accordance with rules adopted by the Securities and Exchange Commission (“SEC”), we may furnish our proxy materials over the Internet to our stockholders by delivering a Notice of Internet Availability of Proxy Materials (the “Notice”) in the mail instead of mailing printed copies of a full set of proxy materials. The Notice instructs you on how to access and review the Proxy Statement and Annual Report over the Internet at www.proxyvote.com. The Notice also instructs you on how to submit your proxy over the Internet and vote online at our Annual Meeting. If you would like to receive a printed copy of our proxy materials, please follow the instructions for requesting these materials contained in the Notice.

What is a virtual Annual Meeting?

The Annual Meeting will be conducted as a virtual meeting of stockholders by means of a live webcast. We believe a virtual annual meeting provides safe and expanded access, improves communication, enables increased stockholder attendance and participation and provides cost savings. You can virtually attend the Annual Meeting at http://www.virtualshareholdermeeting.com/WISH2022, where you will be able to vote your shares and submit your questions during the meeting via the Internet. There will not be a physical meeting location and you will not be able to attend the Annual Meeting in person.

We invite you to virtually attend the Annual Meeting and request that you vote on the proposals described in this Proxy Statement. However, you do not need to attend the virtual meeting to vote your shares. Instead, you may vote by Internet, by telephone, or, if you have requested and received printed copies of the proxy materials by mail, you may also vote by completing and mailing in your proxy card.

The Annual Meeting starts at 10 a.m. Pacific Daylight Time. We encourage you to access the meeting website prior to the start time to allow for check in. If you encounter any difficulties with accessing the virtual meeting at any point, please call the technical support number that will be posted on the virtual meeting log-in page.

You do not need to register to virtually attend the Annual Meeting webcast. Follow the instructions on your Notice or proxy card (if you requested and received a printed copy of the proxy materials) to access the Annual Meeting.

If you wish to submit a question on the day of the Annual Meeting, you may log in to the virtual meeting platform at http://www.virtualshareholdermeeting.com/WISH2022 and submit your question through the Q&A tab. Questions pertinent to meeting matters will be answered during the Annual Meeting, subject to time constraints. Questions regarding personal matters, including those related to employment, are not pertinent to Annual Meeting matters and therefore, will not be answered.

What am I voting on?

There are three matters scheduled for a vote:

•	Election of all of our existing directors to serve until the 2023 Annual Meeting of Stockholders, who include Vijay Talwar, Julie Bradley, Tanzeen Syed, Piotr Szulczewski, Stephanie Tilenius, and Hans Tung;

•	Ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022; and

•	To approve, on an advisory basis, our executive compensation for the year ended December 31, 2021, as disclosed herein.

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QUESTIONS AND ANSWERS ABOUT THIS PROXY MATERIAL AND VOTING (continued)

How does the Board of Directors recommend I vote on these proposals?

The Board of Directors recommends the following votes:

•	“FOR” the election of each director nominee;

•	“FOR” the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022; and

•	“FOR” our executive compensation for the year ended December 31, 2021.

Who can vote at the Annual Meeting?

Only stockholders of record at the close of business on April 11, 2022 will be entitled to vote at the Annual Meeting. On this record date, there were 598,146,468 shares of the Company’s Class A common stock (“Class A Common Stock”) and 65,663,074 shares of the Company’s Class B common stock (“Class B Common Stock”) outstanding. Each holder of our Class A Common Stock has the right to one vote for each share of Class A Common Stock held as of the record date, and each holder of our Class B Common Stock has the right to 20 votes for each share of Class B Common Stock held as of the record date.

Registered Stockholders. If shares of our common stock are registered directly in your name with our transfer agent, American Stock Transfer & Trust Company, then you are considered the stockholder of record with respect to those shares, and the Notice was provided to you directly by us. As the stockholder of record, you have the right to grant your voting proxy directly to the individuals listed on the proxy card or to vote electronically at the Annual Meeting. Throughout this Proxy Statement, we refer to these registered stockholders as “stockholders of record.”

Street Name Stockholders. If shares of our common stock are held on your behalf in a brokerage account or by a bank or other nominee, then you are considered to be the beneficial owner of shares that are held in “street name” or a street name stockholder and the Notice was forwarded to you by your broker or nominee, who is considered the stockholder of record with respect to those shares. As the beneficial owner, you have the right to direct your broker, bank, or other nominee as to how to vote your shares. Beneficial owners are also invited to attend the Annual Meeting. However, since a beneficial owner is not the stockholder of record, you may not virtually attend the Annual Meeting and vote electronically at the Annual Meeting unless you follow your broker’ s procedures for obtaining a legal proxy. If you have requested a printed copy of our proxy materials by mail, your broker, bank, or other nominee will provide a voting instruction form for you to use. Throughout this Proxy Statement, we refer to stockholders who hold their shares through a broker, bank, or other nominee as “street name stockholders.”

How do I vote?

If on April 11, 2022, your shares were registered directly in your name with our transfer agent, American Stock Transfer & Trust Company, then you are a stockholder of record. Stockholders of record may vote by using the Internet, by telephone, or (if you have received a proxy card by mail) by mail as described below. Stockholders may also attend the virtual meeting and vote electronically. If you hold shares through a bank or broker, please refer to your proxy card, Notice, or other information forwarded by your bank or broker to see which voting options are available to you.

•

You may vote via the Internet at www.proxyvote.com by following the instructions for Internet voting on the Notice or proxy card mailed to you. Internet voting is available 24 hours a day and will be accessible until 11:59 p.m. Eastern Time on June 6, 2022. Easy-to-follow instructions are available to allow you to vote your shares and confirm that your instructions have been properly recorded.

•

You may vote by telephone by dialing 800-690-6903 and following the instructions for voting by phone on the Notice or proxy card mailed to you. Telephone voting is available 24 hours a day and will be accessible until 11:59 p.m. Eastern Time on June 6, 2022. Easy-to-follow voice prompts are available to allow you to vote your shares and confirm that your instructions have been properly recorded.

•	You may vote by mail by requesting, completing, and mailing in a paper proxy card, as outlined in the Notice. The method you use to vote will not limit your right to vote at the Annual Meeting if you decide to virtually attend the Annual Meeting.

•	If you wish to vote electronically at the meeting, go to www.virtualshareholdermeeting.com/WISH2022 using your unique control number included in the proxy materials mailed to you.

2 ContextLogic Inc. Proxy Statement and Notice of 2022 Annual Meeting of Stockholders

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QUESTIONS AND ANSWERS ABOUT THIS PROXY MATERIAL AND VOTING (continued)

What if I return a proxy card but do not make specific choices?

If you return a signed and dated proxy card without marking any voting selections, your shares will be voted (i) “For” the election of all 6 of our Board of Directors’ nominees for director, (ii) “For” the ratification of the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022, and (iii) “For” the advisory approval of our Company’s executive compensation for the year ended December 31, 2021. However, if you are not a record holder, and your shares are held instead through a broker, nominee, fiduciary, or other custodian, you must provide voting instructions to the record holder of the shares in accordance with the record holder’s requirements in order for your shares to be properly voted. If any other matter is properly presented at the meeting, your proxy (one of the individuals named on your proxy card) will vote your shares using his or her best judgment.

Who is paying for this proxy solicitation?

Wish will pay for the entire cost of soliciting proxies. In addition to these mailed proxy materials, our directors and employees may also solicit proxies in person, by telephone, or by other means of communication. Directors and employees will not be paid any additional compensation for soliciting proxies. We may reimburse brokerage firms, banks, and other agents for the cost of forwarding proxy materials to beneficial owners.

What does it mean if I receive more than one proxy card or Notice?

If you receive more than one proxy card or Notice, your shares are registered in more than one name or are registered in different accounts. Please complete, sign, and return each proxy card, or submit a proxy for each Notice to ensure that all of your shares are voted.

What if I share an address with another stockholder of Wish?

If you reside at the same address as another Wish stockholder, you and other Wish stockholders residing at the same address will receive a single copy of the Notice of Availability of Proxy Materials. If you wish to receive an additional, separate copy of the Notice of Availability of Proxy Materials, please make a written request to: ContextLogic Inc., One Sansome Street, 33^rd Floor, San Francisco, California 94104, Attention: General Counsel and Secretary. Upon your request, we will promptly deliver a separate copy to you. The Annual Report, Proxy Statement, and Notice are also available at www.proxyvote.com.

Can I change my vote after submitting my proxy?

Yes. You can revoke your proxy at any time before the final vote at the meeting. You may revoke your proxy in any one of three ways:

•	You may submit another properly completed proxy card with a later date.

•	You may send a written notice indicating that you are revoking your proxy to the Secretary of the Company at One Sansome Street, 33^rd Floor, San Francisco, California 94104.

•

You may virtually attend the Annual Meeting and vote electronically by going to www.virtualshareholdermeeting.com/WISH2022 and using your unique control number that was included in the Proxy Materials that you received in the mail. Simply attending the meeting will not, by itself, revoke your proxy.

Who will solicit proxies on behalf of our Board of Directors?

Proxies may be solicited on behalf of our Board of Directors, without any additional compensation, by the Company’s directors and employees.

The original solicitation of proxies by mail may be supplemented by telephone, telegram, facsimile, electronic mail, and personal solicitation by our directors and officers (who will receive no additional compensation for such solicitation activities). You may also be solicited by advertisements in periodicals, press releases issued by us, and postings on our corporate website at www.ir.wish.com. Unless expressly indicated otherwise, information contained on our corporate website is not part of this Proxy Statement.

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QUESTIONS AND ANSWERS ABOUT THIS PROXY MATERIAL AND VOTING (continued)

How are votes counted?

Votes will be counted by the Inspector of Elections appointed for the meeting, who will separately count “For” and “Against” votes, votes “Withheld,” abstentions, and broker non-votes. Abstentions will be counted as present for purposes of determining the presence of a quorum. For Proposal 1, directors are elected by a plurality vote. “Plurality” means that the six director nominees who receive the largest number of votes cast “FOR” such nominees will be elected as directors. As a result, any shares not voted “FOR” a particular nominee, whether as a result of a “WITHHOLD” vote or a broker non-vote (discussed below), will not be counted in such nominee’s favor and will have no effect on the outcome of the election. For Proposals 2 and 3, abstentions will not be considered as votes cast for or against any proposal, and will therefore have no effect on the outcome of the vote. Broker non-votes, as described in the next paragraph, have no effect and will not be counted towards the vote total for such proposals.

If your shares are held by your bank or broker as your nominee (that is, in “street name”), you will need to obtain a voting instruction form from the institution that holds your shares and follow the instructions included on that form regarding how to instruct your broker to vote your shares. If you do not give instructions to your broker, your broker can vote your shares with respect to “discretionary” items, but not with respect to “non-discretionary” items. Discretionary items are proposals considered routine under the rules of the New York Stock Exchange (“NYSE”) on which your broker may vote shares held in street name without your voting instructions. However, several large brokers have recently announced that they were eliminating the practice of discretionary voting of uninstructed shares, including on matters generally identified as “routine”. On non-discretionary items for which you do not give your broker instructions, the shares will be treated as broker non-votes. Under current NYSE rules, any election of a member of the Board of Directors, whether contested or uncontested, is considered “non-discretionary,” and therefore, brokers are not permitted to vote your shares held in street name for the election of directors in the absence of instructions from you. All of our proposals, except for Proposal 2, are “non-discretionary,” and therefore, if your shares are held through a broker, nominee, fiduciary, or other custodian, your shares will not be voted on those proposals unless you provide voting instructions to the record holder.

How many votes are needed to approve each proposal?

•

For Proposal 1, directors are elected by a plurality of the votes cast with respect to such director. This means that nominees receiving the most “For” votes will be elected. Abstentions and broker non-votes are not considered votes cast on this proposal and will not have any effect on the election of directors.

•

To be approved, Proposal 2, which seeks to ratify the appointment of PricewaterhouseCoopers LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022, must receive more “For” votes than “Against” votes cast at the Annual Meeting. Abstentions are not counted as a vote cast for or against the proposal, and therefore, have no effect on the outcome of the vote. Broker non-votes, if any, are counted towards a quorum, but are not counted for any purpose in determining whether this matter has been approved.

•

To be approved, Proposal 3, which seeks advisory approval of our executive compensation for the year ended December 31, 2021, must receive must receive more “For” votes than “Against” votes cast at the Annual Meeting. Abstentions are not counted as a vote cast for or against the proposal, and therefore, have no effect on the outcome of the vote. Broker non-votes are counted towards a quorum, but are not counted for any purpose in determining whether this matter has been approved. However, the advisory approval of our executive compensation for the year ended December 31, 2021 is advisory and non-binding in nature and cannot overrule any decisions made by our Board of Directors.

What is the quorum requirement?

A quorum of stockholders is necessary to hold a valid meeting. A quorum exists if stockholders holding at least a majority of the voting power of the shares of Class A Common Stock and Class B Common Stock (voting together as a single class) entitled to vote are present at the Annual Meeting in person or represented by proxy.

Your shares will be counted towards the quorum only if you submit a valid proxy vote or vote at the meeting. Abstentions and broker non-votes will be counted towards the quorum requirement.

4 ContextLogic Inc. Proxy Statement and Notice of 2022 Annual Meeting of Stockholders

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QUESTIONS AND ANSWERS ABOUT THIS PROXY MATERIAL AND VOTING (continued)

How will my shares be voted if I mark “Abstain” on my proxy card?

We will count a properly executed proxy card marked “Abstain” as present for purposes of determining whether a quorum is present, but the shares represented by that proxy card will not be voted at the Annual Meeting for the proposals so marked.

How can I find out the results of the voting at the Annual Meeting?

Preliminary voting results will be announced at the Annual Meeting. Final voting results will be available on a Current Report on Form 8-K filed with the Securities and Exchange Commission within four business days after the end of the Annual Meeting.

When are stockholder proposals due for next year’s Annual Meeting?

If you wish to submit a proposal to be considered for inclusion in next year’s proxy materials, your proposal must follow the guidelines outlined in SEC Regulation 14A, Rule 14a-8 and received by the Secretary of the Company on or before December 27, 2022. If you wish to submit a proposal to be presented at the 2023 Annual Meeting of Stockholders, but which will not be included in the Company’s proxy materials, including to nominate a director, your Solicitation Notice, as defined in our Bylaws, must be received by the Secretary of the Company at ContextLogic Inc., One Sansome Street, 33^rd Floor, San Francisco, California 94104, Attention: General Counsel and Secretary, no earlier than February 7, 2023, and no later than March 9, 2023. You are advised to review our Bylaws, which contain additional requirements about advance notice of stockholder proposals and director nominations. In addition to satisfying the foregoing advance notice requirements under our Bylaws, to comply with the universal proxy rules under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (which will be in effect for next year’s annual meeting), stockholders who intend to solicit proxies in support of director nominees other than the Company’s nominees must provide notice that sets forth the information required by Rule 14a-19 under the Exchange Act no later than April 8, 2023.

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Directors and Executive Officers

Our directors and executive officers, and certain information about each of them as of February 14, 2022 are set forth below.

Name	Age	Position(s) at Wish
Vijay Talwar	50	Chief Executive Officer and Director
Vivian Liu	46	Chief Financial Officer
Farhang Kassaei	54	Chief Technology Officer
Tarun Jain	43	Chief Product Officer
Devang Shah	50	General Counsel and Secretary
Pai Liu	36	Chief Data Officer
Piotr Szulczewski	40	Director and Founder
Julie Bradley	53	Director
Tanzeen Syed	39	Chairperson
Stephanie Tilenius	54	Director
Hans Tung	51	Director

Executive Officers

Vijay Talwar has served as our Chief Executive Officer and as a member of the Board since February 2022. He previously served in various capacities at Foot Locker starting in 2016, including as Chief Executive Officer of Foot Locker’s Europe, Middle East & Africa (EMEA) business from January 2019 to January 2022, where he oversaw all operational functions including finance, marketing, merchandising, and the in-store customer experience, as President – Digital (Global) from March 2018 to January 2019 and President – Digital, FootLocker.com from September 2016 to March 2018. During his tenure at Foot Locker, he transformed the retailer’s direct-to-consumer platform as Global President of Digital. Before Foot Locker, Mr. Talwar served as CEO, CFO and President of International, for online jewelry retailer Blue Nile Inc., where he was credited with the startup and expansion of its international business. Earlier in his career, Mr. Talwar held various executive roles within Nike, Inc., Sears, Bain & Company and Deloitte & Touche LLP. He sits on the Board of Directors of Dunelm Group Plc, a British home furnishings retailer. Mr. Talwar holds an M.B.A. from the University of Chicago Booth School of Business, a Masters in Accounting from the University of Miami, and a B.A. in Accounting from the University of Findlay. We believe Mr. Talwar is qualified to serve as a member of our Board based on the perspective, insight and experience he brings as our Chief Executive Officer.

Vivian Liu has served as Chief Financial Officer since November 2021. She previously served as Chief Financial Officer and Senior Vice President of Shutterfly, Inc., from April 2020 to November 2021, where she played a critical role in helping Shutterfly navigate the pandemic, while transforming the business to achieve accelerated topline growth and EBITDA improvement. Prior to joining Shutterfly, Ms. Liu served as CFO and SVP at the printing and imaging solution company, Lexmark International, from July 2017 to April 2020 and had previously been VP of Finance, Enterprise BG at the global information and technology company, Huawei Technology Inc. Prior to Huawei, Ms. Liu spent eight years at Cisco Systems, Inc. where she held a number of senior finance positions. Earlier in her career, Ms. Liu held finance positions with Deloitte Financial Advisory Services, Goldman Sachs, and Deloitte & Touche LLP. She began her career at China Merchants Bank in Shanghai, China. Ms. Liu sits on the board of directors of Expensify, an expense management software company. Ms. Liu holds an M.B.A from the University of Washington and a B.A. from the Shanghai University of Finance and Economics. She is a chartered financial analyst and a certified public accountant.

Farhang Kassaei has served as our Chief Technology Officer since July 2021. He previously served as Senior Director of Software Engineering at Google, from September 2017 to June 2021, where he oversaw the development and roll-out of commerce capabilities across its core product suite, including Google Product Ads, Search, and YouTube. He also served in various other positions at Google since December 2014, including leading Google Shopping Logistics and overseeing engineering for Google Express. Mr. Kassaei previously spent more than 10 years at eBay Inc. where he held multiple leadership positions, including Chief Architect for the core marketplace. Mr. Kassaei founded eBay Identity Services and served on OIDF and OIX board of directors from 2011 to 2013. Earlier in his career, he led engineering teams in companies within the manufacturing and processing, and finance industries. Mr. Kassaei holds an M.S. in Electrical and Computer Engineering from The Ohio State University and an M.B.A. from the University of California, Berkeley Haas School of Business.

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DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE

(continued)

Tarun Jain has served as our Chief Product Officer since August 2021. He served as Director of Product Management at Google from May 2017 to August 2021. At Google, he incubated and led the development of Discovery Ads, bringing inspirational and engaging commercial ad experiences to YouTube, Gmail and Discover. Prior to joining Google, Mr. Jain played a key role at Flipkart, as Senior Director of Product Management and Head of Product Ads from November 2015 to May 2017, driving customer growth at Flipkart through the roll out of a series of personalization and merchandising solutions. He also led the development of several innovative payment solutions to enhance business performance. Earlier in his career, Mr. Jain led product teams at Twitter and Microsoft. He holds an M.B.A. from the Indian School of Business and a B.Tech. from the Indian Institute of Technology.

Devang Shah has served as our General Counsel since February 2018 and Secretary since November 2020. From August 2010 until April 2017, Mr. Shah served in various positions at Zynga Inc., a game development company, most recently as General Counsel, Secretary and Senior Vice President. Prior to Zynga, Mr. Shah served as General Counsel and Associate General Counsel at UTStarcom, a telecommunications company, Senior Corporate Counsel at Longs Drugs Inc., and Corporate Counsel at Chiron Corporation, a biotechnology company. Mr. Shah began his career as an attorney at Skadden Arps Slate Meagher & Flom, LLP. Mr. Shah holds a B.S. in engineering from Cornell University, an M.S. in engineering from Stanford University and a J.D. from the University of California, Berkeley School of Law.

Pai Liu has served as our Chief Data Officer since February 2022. He previously served as our Vice President of Data Science since August 2020 and as our Director of Data Science since September 2019. Prior to joining us, Mr. Liu served as Data Science Manager at Airbnb, an online rental company, from August 2015 until August 2017, and Data Science Lead until September 2019. Earlier in his career, Mr. Liu was a research scientist at PARC, a Xerox company. Mr. Liu holds a Bachelor’s degree from Tsinghua University, a Masters in Computer Science from the University of Southern California, and a Ph.D. in Industrial and System Engineering from the University of Southern California.

Non-Employee Directors

Piotr Szulczewski is our founder and served as Chief Executive Officer from our inception in July 2010 through February 2022. Mr. Szulczewski has also served as a director since the Company’s inception and as Chair from the Company’s inception until April 2021. Prior to founding the Company, Mr. Szulczewski served in various positions at Google, Inc., a technology company, including as a technical lead and senior software engineer, from April 2005 until January 2009. Mr. Szulczewski holds a B.S. in mathematics and computer science from University of Waterloo. We believe Mr. Szulczewski is qualified to serve as a member of our Board based on the perspective and experience he brings as our Company’s founder and former Chief Executive Officer.

Julie Bradley has served on our Board of Directors since October 2020. Ms. Bradley was previously the Chief Financial Officer of Tripadvisor, Inc., a publicly traded online travel planning site, from October 2011 to November 2015. Prior to joining Tripadvisor, Ms. Bradley also served as the Chief Financial Officer of Art Technology Group, Inc., a publicly traded ecommerce software company, as Vice President of Finance for Akamai Technologies, Inc., a publicly traded delivery network, cybersecurity, and cloud service company, from 2000 to 2005, and as an accountant at Deloitte & Touche LLP. Ms. Bradley currently serves on the boards of GoodRx and First Watch Restaurant Group as a member of the audit committee, and Highland Transcend Partners serving as a member of the compensation committee. Ms. Bradley previously served on the boards of other publicly traded companies, including Wayfair Inc., from September 2012 to May 2021, where she was the Chair of the audit committee and a member of the governance committee, Blue Apron, Inc. from September 2015 to October 2020, Constant Contact, Inc. from June 2015 to February 2016, and ExactTarget, Inc. from September 2012 to July 2013. Ms. Bradley holds a B.A. from Wheaton College. We believe that Ms. Bradley is qualified to serve as member of our Board due to her extensive public company board experience and her finance experience at publicly traded technology companies.

Tanzeen Syed was appointed Chairperson in February 2022 and has served on our Board of Directors since October 2016. Mr. Syed is a Managing Director at General Atlantic and serves as a Director of the company, focusing on investments in General Atlantic’s Technology sector. He rejoined General Atlantic in June 2018 after working there from 2006 to September 2013. Prior to rejoining General Atlantic, Mr. Syed was a Director at Temasek, an investment company, from July 2015 until June 2018, where he led U.S. technology growth investments, and prior to that, Mr. Syed was a Vice President at Great Hill Partners from October 2013 to June 2015, where he focused on Internet and software growth investing. Mr. Syed currently serves as a director on the board of Riskified Ltd., a public portfolio company, and holds a board observer seat at Duolingo. Mr. Syed also serves as a director on the board of Kiwi.com, s.r.o., an online travel booking

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platform and private portfolio company of General Atlantic. Mr. Syed may be deemed to have a significant influence on the management or operations of these entities. Mr. Syed holds a B.A. in Economics and Political Science from Macalester College. We believe that Mr. Syed is qualified to serve as a member of our Board due to his extensive experience with ecommerce and technology companies.

Stephanie Tilenius has served on our Board of Directors since August 2020. She is currently the CEO of Vida Health, Inc., a mobile continuous healthcare platform, which she founded in January 2014. Ms. Tilenius was an Executive in Residence at Kleiner Perkins Caufield & Byers, a venture capital firm, from June 2012 until October 2014, primarily focusing on companies within its Digital Growth Fund. From February 2010 until June 2012, Ms. Tilenius was Vice President of Global Commerce and Payments at Google, Inc., a technology company, where she oversaw digital commerce, product search and payments. Prior to joining Google, she served in various positions at eBay Inc. from March 2001 until October 2009, ultimately as Senior Vice President of eBay.com and Global Products. Ms. Tilenius was also a co-founder of PlanetRx.com, an online healthcare provider. She currently serves on the board of directors of SeaGate Technology PLC and serves as a member of the audit committee. Within the past five years, Ms. Tilenius has served on the boards of directors of Tradesy, Tapestry, Inc., and Redbubble Limited. Ms. Tilenius holds a B.A. and an M.A from Brandeis University and an M.B.A. from the Harvard Business School. We believe that Ms. Tilenius is qualified to serve as a member of our Board of Directors due to her senior executive experience in the consumer internet and ecommerce sectors, as a company founder and as a board member for other public and private companies.

Hans Tung has served on our Board of Directors since January 2014. Mr. Tung is a Managing Partner at GGV Capital, a venture capital firm, where he has worked since October 2013, in Menlo Park, CA. Prior to joining GGV, Mr. Tung was a managing partner at Qiming Venture Partners, a venture capital firm, in Shanghai, China. Mr. Tung began his VC career with Bessemer Venture Partners, a venture capital firm, in Menlo Park, CA, and was a former entrepreneur himself and a former technology banker at Merrill Lynch in New York and Hong Kong. Mr. Tung currently also serves as an independent director of Poshmark, Inc. (a company listed on the NASDAQ (ticker: POSH)), and has served on the board of directors of private companies including Shelf Engine in Seattle, Bowery Farming in New York City, Stockx in Detroit, Yamibuy in Los Angeles, and previously Musical.ly (which is now Tiktok) and Xiaomi. He holds a B.S. in Management Science and Engineering from Stanford University. We believe that Mr. Tung is qualified to serve as a member of our Board of Directors due to his extensive experience with ecommerce companies, as well as his experience as a venture capitalist investing in technology companies.

Corporate Governance and Board Matters

Director Independence

As required under the listing standards of the Nasdaq Select Global Market (“Nasdaq”), a majority of the members of a listed company’s board of directors must be independent. Management and outside counsel have reviewed the directors’ responses to a questionnaire asking about their transactions, relationships, and arrangements with us (and those of their immediate family members), and other potential conflicts of interest. Other than as set forth in this Proxy Statement, these questionnaires did not disclose any transactions, relationships, or arrangements that question or compromise the independence of our directors or director nominees. After reviewing this information, our Board of Directors affirmatively determined that each of our non-employee directors, with the exception of Mr. Szulczewski and Ms. Reses, was an independent director within the meaning of the applicable Nasdaq listing standards in 2021. The independent members of our Board of Directors will hold separate regularly scheduled executive session meetings at which only independent directors are present.

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Information Regarding the Board of Directors and its Committees

As required under Nasdaq listing standards, our independent directors meet in regularly scheduled executive sessions at which only independent directors are present. During fiscal year 2021, our Board held eight (8) meetings and there were eight (8) Audit Committee meetings, six (6) Compensation Committee meetings, and three (3) Nominating and Corporate Governance Committee meetings. The following table provides membership information for each Board committee during 2021:

Piotr Szulczewski

Julie Bradley

Ari Emanuel⁽¹⁾

Joseph Lonsdale⁽²⁾

Jacqueline Reses⁽³⁾

Tanzeen Syed

Stephanie Tilenius

Hans Tung

Committee Chair

(1)	Mr. Emanuel resigned from the Board of Directors on September 1, 2021.

(2)	Mr. Lonsdale resigned from the Board of Directors on December 20, 2021.

(3)	Ms. Reses resigned from her membership on the Compensation Committee upon her appointment as Executive Chair in April 2021. Ms. Reses resigned from her position as Executive Chair and the Board of Directors on February 4, 2022.

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Board Diversity Matrix

Board Diversity Matrix (As of February 14, 2022)
Total Number of Directors		6
	Female	Male	Non-Binary	Did Not Disclose Gender⁽¹⁾
Directors	2	2	—	2
Number of Directors Who Identify in Any of the Categories Below:
African American or Black	—	—	—	—
Alaskan Native or Native American	—	—	—	—
Asian	—	2	—	—
Hispanic or Latinx	—	—	—	—
Native Hawaiian or Pacific Islander	—	—	—	—
White	2	—	—	—
Two or More Races or Ethnicities	—	—	—	—
LGBTQ+	—
Did Not Disclose Demographic Background⁽¹⁾	2

(1)	Two of our six directors did not consent to us publicly disclosing any diversity and/or demographics information.

Below is a description of each Committee of the Board of Directors. The Board of Directors has determined that each member of the Audit, Compensation, and Nominating and Corporate Governance Committees meets the applicable rules and regulations regarding “independence” and also that each member of the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee is free of any relationship that would interfere with his or her individual exercise of independent judgment with regard to Company matters.

Audit Committee

The members of our Audit Committee are Mses. Bradley and Tilenius, and Mr. Tung, each of whom can read and understand fundamental financial statements. Each is independent under the rules and regulations of the SEC and the listing standards of Nasdaq applicable to audit committee members. Ms. Bradley chairs the Audit Committee. Our Board of Directors has determined that Mses. Bradley and Tilenius each qualify as an audit committee financial expert within the meaning of SEC regulations and meets the financial sophistication requirements of Nasdaq.

Our Audit Committee assists our Board of Directors’ oversight of the quality and integrity of our financial statements; our compliance with legal and regulatory requirements; the qualifications, independence, and performance of our independent registered public accounting firm; the effectiveness of our internal controls over financial reporting; and risk assessment and risk management. Among other matters, our Audit Committee’s responsibilities include:

•	Reviewing and discussing with our management and independent registered public accounting firm our financial reporting processes and the design, implementation, and maintenance of our internal controls, including the adequacy and effectiveness of those controls and procedures;

•	Discussing with our management and independent registered public accounting firm the scope of the annual audit and the results of the annual audit and quarterly reviews of our financial statements;

•	Appointing, retaining, compensating, and overseeing the work of our independent registered public accounting firm;

•	Approving the retention of the independent registered public accounting firm to perform any proposed permissible non-audit services;

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•	Reviewing and evaluating the lead audit partner of the independent registered public accounting firm;

•	Reviewing annual reports from the independent registered public accounting firm describing its internal quality-control procedures;

•	Reviewing critical accounting policies and practices;

•	Reviewing and overseeing all related person transactions in accordance with our policies and procedures;

•	Reviewing and approving our Code of Conduct and Ethics and our compliance with anti-corruption and anti-bribery laws; and

•

Establishing procedures for the receipt, retention, investigation, and treatment of any complaints regarding questionable accounting, internal accounting controls, or auditing matters, and potential violations of our Code of Conduct and Ethics as well as ensuring the ability of employees to make confidential, anonymous submissions regarding such concerns.

To fulfill the above obligations, our Audit Committee relies on: management for the preparation and accuracy of the Company’s financial statements; both management and the Company’s internal audit function for establishing effective internal controls and procedures to ensure the Company’s compliance with accounting standards, financial reporting procedures, and applicable laws and regulations; and the Company’s independent registered public accounting firm for unbiased, diligent audit or review, as applicable, of the Company’s financial statements and the effectiveness of the Company’s internal controls over financial reporting. The members of the Audit Committee are not employees of the Company and are not responsible for conducting the audit or performing other accounting procedures.

Our Audit Committee charter can be found on the “Corporate Governance” section of our investor relations website at www.ir.wish.com. Each of Mses. Bradley and Tilenius, and Mr. Tung served on the Audit Committee during 2021. The Audit Committee held eight (8) meetings and acted by written consent one (1) time during 2021. Each member of the Audit Committee attended all of the Audit Committee meetings.

Compensation Committee

The members of our Compensation Committee are Messrs. Syed and Tung. Ms. Reses served on our Compensation Committee until her appointment as our Executive Chair in April 2021. Mr. Joseph Lonsdale served on our Compensation Committee until his resignation in December 2021. Mr. Syed chairs our Compensation Committee. Each member of our Compensation Committee is: (i) independent under the rules and regulations of the SEC and the listing standards of Nasdaq applicable to Compensation Committee members; (ii) a “non-employee director,” as defined in Rule 16b-3 adopted under Section 16 of the Exchange Act; and (iii) an “outside director” under Regulation Section 1.162-27 adopted under Section 162(m) of the Internal Revenue Code of 1986, as amended. Our Compensation Committee assists the Board of Directors with its oversight of the compensation of executive officers and directors, and administers compensation and incentive plans for employees and other service providers. Among other matters, our Compensation Committee’s responsibilities include:

•	Reviewing, determining, and approving all compensation to be paid or awarded to all executive officers;

•	Reviewing and recommending to the Board corporate performance goals and objectives relevant to executive compensation;

•	Overseeing annual succession and leadership development planning for the CEO and management’s succession and leadership development plans for other executive officers and key employees;

•	Administering and overseeing our equity incentive plans and employee stock purchase plan;

•	Overseeing compliance with legal and regulatory requirements associated with compensation of our executives, other employees, and non-employee directors;

•	Managing the risks associated with compensation policies and programs, including an annual review of our risk management processes related to compensation programs; and

•	Reviewing annually our overall compensation philosophy and strategy, including base salary, incentive compensation, and equity-based grants, including whether they promote stockholder interests and support our strategic objectives.

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Our Compensation Committee charter can be found on the “Corporate Governance” section of our investor relations website at www.ir.wish.com. Each of Messrs. Lonsdale, Syed, and Tung, and Ms. Reses served on our Compensation Committee during 2021. Our Compensation Committee held six (6) meetings and acted by written consent nine (9) times during 2021. Each member of our Compensation Committee attended all of the Compensation Committee meetings, except for Mr. Lonsdale, who missed three (3) meetings. Mr. Szulczewski, our former Chief Executive Officer, did not participate in the determination of his own compensation or compensation of directors, but made recommendations regarding the amount of the compensation of the other executive officers and key employees. Further, Mr. Talwar, our newly appointed Chief Executive Officer, does not participate in the determination of his own compensation or the compensation of directors. However, Mr. Talwar makes recommendations to our Compensation Committee regarding the amount and form of the compensation of the other executive officers and key employees, and Mr. Talwar participates in our Compensation Committee’s deliberations about their compensation. Ms. Liu, our Chief Financial Officer, and Ms. Dawn Nott, our Vice President of Human Resources, also assist our Compensation Committee in its executive officer, director, and employee compensation deliberations. No other executive officers participate in the determination of the amount or form of the compensation of executive officers or directors.

Nominating and Corporate Governance Committee

The members of our Nominating and Corporate Governance Committee are Mr. Syed and Ms. Tilenius. Mr. Emanuel served on the Nominating and Corporate Governance Committee until his resignation in September 2021. Mr. Syed chairs the Nominating and Corporate Governance Committee. Each member of our Nominating and Corporate Governance Committee is independent as currently defined under Nasdaq listing standards. Our Nominating and Corporate Governance Committee assists our Board of Directors with its oversight of and identification of individuals qualified to become members of our Board, consistent with criteria approved by our Board, and selects, or recommends that our Board selects, director nominees, develops and recommends to our Board a set of corporate governance guidelines, and oversees the evaluation of our Board. Among other matters, our Nominating and Corporate Governance Committee’s responsibilities include:

•	Overseeing the Board evaluation process, including conducting periodic evaluations, and reviewing the composition and size of the Board;

•	Developing the criteria for Board membership and establishing procedures for the submission of director nominees to the Board;

•	Reviewing the effectiveness of our Corporate Governance Guidelines and recommending proposed changes to the Board, including a review of the Board’s leadership structure; and

•	Developing recommendations for continuing education programs for directors and overseeing any programs relating to corporate responsibility.

Our Nominating and Corporate Governance Committee charter can be found on the “Corporate Governance” section of our investor relations website at www.ir.wish.com. The Nominating and Corporate Governance Committee held three (3) meetings during 2021. Each member of the Nominating and Corporate Governance Committee attended all of the Nominating and Corporate Governance Committee meetings, except for Ms. Tilenius, who missed one (1) meeting.

Our Nominating and Corporate Governance Committee believes that the minimum qualifications and skills that candidates for director should possess include: (i) the highest professional and personal ethics and values, (ii) a commitment to enhancing stockholder value, and (iii) sufficient time to carry out their duties and to provide insight and practical wisdom based on experience. The Committee also considers the following factors, in no particular order of importance: (i) various and relevant career experience, (ii) relevant skills, such as an understanding of the Company’s business and technology, (iii) financial expertise, (iv) diversity, and (v) local and community ties. Notwithstanding the foregoing, our Nominating and Corporate Governance Committee retains the right to modify these qualifications from time to time.

Under our Corporate Governance Guidelines, diversity is one of several critical factors considered by the Nominating and Corporate Governance Committee when evaluating the composition of our Board of Directors, amongst other selection criteria. We consider various diversity factors when considering director candidates, including race, ethnicity, gender, age, professional experience, national origin, and geography. Our Board of Directors currently includes directors embodying a range of diversity. We believe each director contributes to our Board’s overall diversity by providing a variety of perspectives based on distinct personal and professional experiences and backgrounds.

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We are committed to maintaining and enhancing the diversity of our Board of Directors and in furtherance of this, the Nominating and Corporate Governance Committee will conduct annual self-evaluations to assess its performance and effectiveness, which we expect will include its consideration of diversity and other selection criteria.

Our Nominating and Corporate Governance Committee will consider director candidates recommended by stockholders and evaluate them using the same criteria as candidates identified by our Board or the Committee for consideration. If a stockholder of the Company wishes to recommend a director candidate for consideration by our Nominating and Corporate Governance Committee, the stockholder recommendation should be delivered to the Secretary of the Company at the principal executive offices of the Company, and must include information regarding the candidate and the stockholder making the recommendation.

Compensation Committee Interlocks and Insider Participation

Each of Messrs. Lonsdale, Syed, and Tung, and Ms. Reses served on our Compensation Committee during 2021. Ms. Reses served on our Compensation Committee until her appointment as our Executive Chair in April 2021. Mr. Lonsdale served on our Compensation Committee until his resignation from the Board in December 2021. None of the members of our Compensation Committee during the 2021 fiscal year (or at any other time) simultaneously served as an officer or employee of the Company. No interlocking relationship exists, or during fiscal year 2021 existed, between our Board of Directors or Compensation Committee and the board of directors or compensation committee of any other company.

Board Leadership Structure

Our Board of Directors represents our stockholders and the Board’s primary purpose is to build long-term stockholder value. Our Board of Directors also believes it is important to determine a board leadership structure that ensures the independent oversight of management as our Company continues to grow. Under our Corporate Governance Guidelines, our Board of Directors is not required to separate the offices of the chairperson and the chief executive officer but may do so if it deems it advisable and in the best interests of the Company and its stockholders. In early 2021, given our growth as a business, our Board of Directors determined it was an appropriate time to separate the roles of chairperson and chief executive officer and therefore appointed Ms. Reses as Executive Chair in April 2021. Consequently, given that our Executive Chair was not an independent director, as defined under the rules of the Nasdaq, our Board of Directors determined to keep the role of Lead Independent Director during 2021, which was filled by Mr. Syed. Our Executive Chair was responsible for providing strategic guidance to our Chief Executive Officer and management and was in charge of presiding over meetings of the full Board. Our Chief Executive Officer sets the strategic vision of the Company, provides general supervision and direction over the day-to-day affairs of the Company, and presides at all stockholder meetings. Our Lead Independent Director was responsible for conducting sessions with the independent directors as part of every Board of Directors meeting and chairing all meetings of the independent directors. Our Lead Independent Director also served as a liaison among our Executive Chair, our Chief Executive Officer, and the independent directors. However, upon Ms. Reses’ resignation as Executive Chair and from the Board of Directors in February 2022, our Board of Directors appointed Mr. Syed, our then serving Lead Independent Director, as Chairperson. As a result, a Lead Independent Director is no longer necessary at this time. We believe this structure of a separate Chairperson and Chief Executive Officer, combined with a Lead Independent Director, if and when necessary, results in an effective balancing of responsibilities, and is the optimal structure for overseeing the strategic direction and leadership of the Company while also ensuring effective communication among Board members.

Risk Oversight Management

Our Board of Directors provides risk oversight for the Company by receiving management presentations, including risk assessments, from all functional areas of the Company, and discussing these assessments with management. In particular, our Board of Directors is responsible for monitoring and assessing strategic risk exposure. Our executive officers are responsible for the day-to-day management of the material risks we face. The risk oversight process includes receiving regular reports from Board committees and members of senior management to enable our Board of Directors to understand our risk identification, risk management, and risk mitigation strategies with respect to areas of potential material risk, including operations, finance, legal, regulatory, cyber security, strategic, and reputational risk. Our Board of Directors administers its oversight function directly as a whole, as well as through various standing committees of our Board of Directors that address risks inherent in their respective areas of oversight. Our Board of Directors has delegated responsibility related to certain risks to the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee.

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The Audit Committee discusses with management and our independent registered public accounting firm our risk management guidelines and policies, our major financial risk exposures, and the steps needed or taken to monitor and control such exposures. The Nominating and Corporate Governance Committee has primary responsibility to oversee risks related to Board structure and composition, and corporate governance. Our Compensation Committee oversees risks related to our compensation programs, and discusses with management its annual assessment of employee compensation policies and programs. Based upon this review, our Compensation Committee believes that any risks arising from such policies and practices are not reasonably likely to have a material adverse effect on the Company in the future. Specifically, we believe that the elements of our compensation program do not encourage unnecessary or excessive risk taking. Base salaries are fixed in amount, and thus do not encourage risk taking. A significant proportion of the compensation provided to our executives, and a material amount of the compensation provided to other employees, is in the form of long-term equity awards that are important to help further align employee interests with those of our stockholders. We do not believe that these awards encourage unnecessary or excessive risk taking because the ultimate value of the awards is tied to our stock price, and because awards are subject to long-term vesting schedules to help ensure that employees have significant value tied to long-term stock price performance.

Stockholder Communications with our Board of Directors

Stockholders wishing to communicate with our Board of Directors or with an individual member of our Board of Directors may do so by writing to our Board of Directors or to the particular member of our Board of Directors, care of the General Counsel and Secretary by mail to our principal executive offices, Attention: General Counsel and Secretary. The front of the envelope should indicate that it contains stockholder communication. All clearly marked written communications, other than unsolicited advertising or promotional materials, are logged and copied, and forwarded to the director(s) to whom the communication was addressed. Please note that the foregoing communication procedure does not apply to: (i) stockholder proposals pursuant to Exchange Act Rule 14a-8 and communications made in connection with such proposals, or (ii) service of process or any other notice in a legal proceeding.

Meetings of the Board of Directors

Our Board of Directors met eight (8) times during 2021. Each member of our Board of Directors attended at least 75% of the aggregate of the meetings of our Board of Directors and of the Committees on which he or she served, held during the period for which such member was a Director or Committee Member, except for Mr. Lonsdale who missed three (3) Board meetings and three (3) Compensation Committee meetings. Members of our Board of Directors also consulted informally with management from time to time and our Board of Directors acted by written consent three (3) times during 2021. While we do not have a formal policy regarding attendance by members of our Board of Directors at our annual meetings of stockholders, all directors are encouraged to attend our 2022 Annual Meeting of Stockholders. At our 2021 Annual Meeting of Stockholders, all of our then-serving directors were in attendance.

Corporate Governance Guidelines

Our Board of Directors has adopted corporate governance guidelines to ensure that our Board of Directors has the necessary practices in place to review and evaluate Wish’s business operations and long-term strategy. The corporate governance guidelines set forth the practices our Board of Directors follows with respect to board and corporate governance, including board leadership, evaluating management’s performance and compensation, formulating company strategy, overseeing risk management and legal and ethical compliance, and managing potential conflicts of interest, among other responsibilities. The corporate governance guidelines, as well as the charters for each committee of our board of directors, are posted on our website.

Corporate Responsibility

We are committed to creating and maintaining a workplace free from discrimination or harassment on the basis of race, color, citizenship, religion, creed, national origin, ancestry, gender, sexual orientation, age, marital status, veteran status, disability, medical condition, or any other status protected by applicable law. Our global employment policies and compliance trainings prohibit such discrimination and harassment. Our management team and employees are also expected to exhibit and promote honest, ethical, and respectful conduct in the workplace. Moreover, we believe our values-based culture is a critical component to our success and our employees are critical to the

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success of our Company. We strive to create a supportive environment, where employees can contribute, learn, and grow in their careers. Our Company also prioritizes employee development and training, which we believe has a direct impact on employee growth, engagement, and retention. Additionally, we support the well-being of our employees by providing regular mental health breaks and wellness benefits to support their overall health and ongoing well-being.

Our community engagement mirrors our internal philosophy. We are committed to making a positive impact on the world we live in and this starts by making e-commerce inclusive, for both users and merchants. We have launched and participated in various community initiatives, including Black Girls CODE, Save Lives Wish, and Wish Local Empowerment Program. Through these initiatives, we strive to grow the number of women of color working in technology, meet the needs of frontline staff in medical centers by donating PPE, and fund independent, black-owned retail businesses through grants to help support, enhance, and reinvigorate their business.

Code of Conduct and Ethics

Our Board of Directors has adopted a Code of Conduct and Ethics, which applies to all of our employees, officers, and directors. We also expect our contractors, consultants, suppliers, agents, and other third parties to follow our Code of Conduct and Ethics in connection with their work for us. The full text of our Code of Conduct and Ethics is posted on the “Corporate Governance” section of our investor relations website at www.ir.wish.com. We intend to disclose future amendments to, or waivers, of our Code of Conduct and Ethics as and to the extent required by SEC regulations, at the same location on our website identified above and in public filings. Our Code of Conduct and Ethics represents our commitment to business integrity. The purpose of our Code of Conduct and Ethics is to promote compliance with applicable laws, regulations, and company policies; address common ethical situations we could encounter in our business; promote integrity and the highest standards of ethical conduct; and avoid even the appearance of anything improper in connection with our business activities.

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The following table sets forth certain information with respect to the beneficial ownership of our common stock as of April 11, 2022 for:

•	each stockholder known by us to be the beneficial owner of more than 5% of our outstanding shares of Class A common stock or Class B common stock;

•	each of our directors and director nominees;

•	each of our named executive officers; and

•	all of our directors and executive officers as a group.

We have determined beneficial ownership in accordance with the rules of the SEC, based on information from Company records and filings with the SEC. Except as indicated by the footnotes below, we believe, based on the information furnished to us and filings with the SEC, that the persons and entities named in the table below have sole voting and investment power with respect to all shares of Class A common stock or Class B common stock that they each beneficially own, subject to applicable community property laws.

We have based our calculation of the percentage of beneficial ownership on 598,146,468 shares of our Class A common stock and 65,663,074 shares of our Class B common stock outstanding as of April 11, 2022. In cases of holders who are not directors, director nominees and named executive officers, Schedules 13G or 13D filed with the SEC (and, consequently, ownership reflected here) often reflect holdings as of a date prior to April 11, 2022. We have deemed shares of our Class B common stock subject to stock options that are currently exercisable or exercisable within 60 days of April 11, 2022 or issuable pursuant to RSUs which are subject to vesting and settlement conditions expected to occur within 60 days of April 11, 2022 (assuming the satisfaction of the liquidity-based vesting condition) to be outstanding and to be beneficially owned by the person holding the stock option or RSU for the purpose of computing the percentage ownership of that person. We did not deem these shares outstanding, however, for the purpose of computing the percentage ownership of any other person.

Unless otherwise indicated, the address of each beneficial owner listed in the table below is One Sansome Street, 33^rd Floor, San Francisco, California 94104.

	Shares Beneficially Owned				% of Total Voting Power⁽¹⁾
Name of Beneficial Owner	Class A Shares	%	Class B Shares	%	% of Total Voting Power⁽¹⁾
Named Executive Officers and Directors:
Piotr Szulczewski⁽²⁾	—	—	100,623,930	91.9	72.2
Shares subject to voting proxies⁽³⁾	97,520	—	5,904,724	5.4	6.2
Total⁽²⁾⁽³⁾	97,520	—	106,528,654	97.3	78.4
Vijay Talwar⁽⁴⁾	405,405	*	—	—	—
Julie Bradley⁽⁵⁾	24,935	—	27,777	—	—
Tanzeen Syed⁽⁶⁾	27,085	—	—	—	—
Stephanie Tilenius⁽⁷⁾	24,505	—	27,777	—	—
Hans Tung⁽⁸⁾	33,548,951	5.6	—	—	1.8
Rajat Bahri⁽⁹⁾	2,083	—	—	—	—
Brett Just⁽¹⁰⁾	166,531	—		—	—
Jennifer Oliver⁽¹¹⁾	139,205	—	—	—	—
Vivian Liu⁽¹²⁾	640,604	*	—	—	—
Farhang Kassaei⁽¹³⁾	592,097	*	—	—	—
Tarun Jain⁽¹⁴⁾	503,481	*	—	—	—
Jacqueline Reses⁽¹⁵⁾	297,309	—	—	—	—
All executive officers and directors as a group (15 persons)⁽¹⁶⁾	37,323,440	6.2	100,760,179	92.0	73.5
Other 5% Stockholders:
Entities affiliated with DST Global⁽¹⁷⁾	38,301,392	6.4	—	—	2.0
Entities affiliated with Formation8 Partners⁽¹⁸⁾	45,139,035	7.5	—	—	2.4
Entities affiliated with GGV Capital⁽¹⁹⁾	33,426,711	5.6	—	—	1.7
The Vanguard Group⁽²⁰⁾	37,742,834	6.3			2.0

*	Less than one percent.

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(1)

Percentage of total voting power represents voting power with respect to all shares of our Class A and Class B common stock, held beneficially as a single class. The holders of our Class B common stock are entitled to 20 votes per share, and holders of our Class A common stock are entitled to one vote per share. The Class A common stock and Class B common stock vote together as a single class on all matters submitted to a vote of our stockholders, except as may otherwise be required by law. The Class B common stock is convertible at any time by the holder into shares of Class A common stock on a share-for-share basis, such that each holder of Class B common stock beneficially owns an equivalent number of shares of Class A common stock.

(2)

Consists of (i) 56,802,614 shares of Class B common stock, (ii) 43,375,000 shares of Class B common stock issuable upon exercise of options exercisable within 60 days of April 11, 2022, and (iii) 446,316 shares of Class B common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Mr. Szulczewski also holds 635,972 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(3)

Consists of (i) 97,520 shares of our Class A common stock and (ii) 5,904,724 shares of our Class B common stock held by other stockholders over which Mr. Szulczewski holds an irrevocable proxy, pursuant to voting agreements between Mr. Szulczewski, us and such stockholders, including certain of our directors and holders of more than 5% of our capital stock with respect to certain matters, as indicated in the footnotes below. We do not believe that the parties to these proxies constitute a "group" under Section 13 of the Securities Exchange Act of 1934, as amended, as Mr. Szulczewski exercises voting control over these shares.

(4)

Consists of 405,405 shares of Class A common stock issuable upon exercise of outstanding stock options exercisable within 60 days of April 11, 2022. Mr. Talwar also holds 6,081,081 options and 4,633,204 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(5)

Consists of (i) 27,777 shares of Class B common stock and (ii) 24,935 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Ms. Bradley also holds 83,333 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(6)	Consists of 27,085 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022.

(7)

Consists of (i) 27,777 shares of Class B common stock and (ii) 24,505 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Ms. Tilenius also holds 83,333 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(8)

Consists of (i) 26,729,963 shares of Class A common stock held by GGV Capital IV L.P., (ii) 6,227,525 shares of Class A common stock held by GGV Capital Select L.P., (iii) 566,743 shares of Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P., and (iv) 24,720 shares of Class A common stock issuable to Mr. Tung upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. The general partner of GGV Capital Select L.P. is deemed to share voting and investment power with regard to the securities held directly by such entities. The address for Mr. Tung is c/o GGV Capital, 3000 Sand Hill Road, Building 4, Suite 230, Menlo Park, California 94025.

(9)	Consists of 2,083 shares of Class A common stock. Mr. Bahri resigned from his position as Chief Financial Officer in July 2021.

(10)

Consists of (i) 76,204 shares of Class A common stock and (ii) 98,570 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Mr. Just also holds 443,538 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022. Mr. Just served as our co-interim Chief Financial Officer from July 2021 until November 2021.

(11)

Consists of (i) 71,073 shares of Class A common stock and (ii) 68,132 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Ms. Oliver also holds 266,932 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022. Ms. Oliver served as our co-interim Chief Financial Officer from July 2021 until November 2021.

(12)

Consists of (i) 163,281 shares of Class A common stock and (ii) 477,323 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Ms. Liu also holds 4,850,885 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(13)

Consists of (i) 186,833 shares of Class A common stock and (ii) 405,264 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Mr. Kassaei also holds 4,273,954 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(14)

Consists of (i) 116,659 shares of Class A common stock and (ii) 386,822 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Mr. Kumar also holds 4,052,649 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(15)

Consists of (i) 21,170 shares of Class A common stock and (ii) 276,139 shares of Class A common stock issuable upon vesting and settlement of restricted stock units within 60 days of April 11, 2022. Ms. Reses also holds 1,464,194 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(16)

Consists of (i) 971,473 shares of Class A common stock beneficially owned by our directors and named executive officers, (ii) 56,858,168 shares of Class B common stock beneficially owned by our directors and named executive officers, (iii) 405,405 shares of Class A common stock and 43,375,000 shares of Class B common stock issuable to our directors and named executive officers upon exercise of outstanding stock options exercisable within 60 days of April 11, 2022, and (iv) 2,430,574 shares of Class A common stock and 527,011 shares of Class B common stock issuable to our directors and named executive officer upon vesting and settlement of RSUs issuable within 60 days of April 11, 2022. The directors and officers also hold 6,081,081 options and 24,809,401 restricted stock units which are subject to vesting conditions not expected to occur within 60 days of April 11, 2022.

(17)

Based solely on a Schedule 13/G filed with the SEC on February 16, 2021, represents (i) 15,606,631 shares of Class A common stock held by DST Global IV, L.P. (ii) 7,331,241 shares of Class A common stock held by DST Global V, L.P., iii) 6,478,250 shares of Class A common stock held by DST Global IV Co-Invest, L.P. (iv) 5,864,012 shares of Class A common stock held by DST Investments XV, L.P. (v) 2,066,123 shares of Class A common stock held by DST Investments XVI, L.P., and (vi) 955,135 shares of Class A common stock held by DST Investments XI, L.P. as DST Global. The DST Global limited partnerships are each controlled by their respective general partner, DST Managers Limited or DST Managers V Limited (collectively, the "DST Global General Partners"). The DST Global General Partners, as applicable, hold ultimate voting and investment power over the shares held by the DST Global. Despoina Zinonos is the President of each of the DST Global General Partners. The address for DST Global is c/o Trident Trust Company (Cayman) Limited, One Capital Place, PO Box 847, Grand Cayman, KY1-1103, Cayman Islands.

(18)

Based solely on a Schedule 13/G filed with the SEC on February 14, 2022, represents (i) 40,613,396 shares of Class A common stock and 4,176,454 shares of Class B common stock held by F8 L.P., (ii) 2,049,960 shares of Class A common stock and 772,570 shares of Class B common stock held by 8VC Co-Invest L.P., (iii) 1,579,080 shares of Class A common stock held by F8Starlight II L.P., (iv) 521,790 shares of Class A common stock and 955,700 shares of Class B common stock held by Joe Lonsdale, (v) 337,061 shares of Class A common stock held by The Joseph Todd Lonsdale Trust dated March 4, 2015, (vi) 31,422 shares of Class A common stock held by the Pacific Premier Trust Roth IRA fbo Joe Lonsdale, (vii) 5,440 shares of Class A common stock held Tiberius Venture Partners and (vii) 886 shares of Class A common stock held by Lonsdale Family Holdings 2, LLC. We refer to the entities listed above as the F8 Entities. F8 GP is the general partner of each of F8 LP and F8 Starlight II. James Kim,

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Brian Koo and Joe Lonsdale are the managing members of F8 GP and may be deemed to share voting, investment and dispositive power with respect to the shares held by each of F8 LP and F8 Starlight II. The address for the F8 entities is 907 South Congress Avenue, Austin, TX 78704. 5,904,724 shares of our Class B common stock held by the F8 entities and Joe Lonsdale are subject to a proxy in favor of Mr. Szulczewski referred to in footnote (3) above.

(19)

Based solely on a Schedule 13/G filed with the SEC on February 14, 2022, represents (i) 26,729,963 shares of Class A common stock held by GGV Capital IV L.P., (ii) 6,227,525 shares of Class A common stock held by GGV Capital Select L.P. and (iii) 566,743 shares of Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P. GGV Capital IV L.L.C. is the general partner of GGV Capital IV Entrepreneurs Fund L.P. and GGV Capital IV L.P. The general partner of GGV Capital Select L.P. is deemed to share voting and investment power with regard to the securities held directly by such entities. Mr. Tung disclaims beneficial ownership of such shares except to the extent of his pecuniary interest in such shares. The address for Mr. Tung is c/o GGV Capital, 3000 Sand Hill Road, Building 4, Suite 230, Menlo Park, California 94025. 97,520 shares of our Class A common stock held by GGV Capital IV Entrepreneurs Fund L.P., are subject to a proxy in favor of Mr. Szulczewski referred to in footnote (3) above.

(20)

Based solely on a Schedule 13/G filed with the SEC on February 9, 2022, represents 37,742,834 shares of Class A common stock held by The Vanguard Group, this includes (i) shared voting power over 103,890 shares of Class A common stock, (ii) sole dispositive power over 37,366,361 shares of Class A common stock, and (iii) shared dispositive power over 376,473 shares of Class A common stock. The address for The Vanguard Group is 100 Vanguard Boulevard, Malvern, PA 19355.

18 ContextLogic Inc. Proxy Statement and Notice of 2022 Annual Meeting of Stockholders

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SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

Delinquent Section 16(a) Reports

Section 16(a) of the Exchange Act requires our directors, executive officers, and holders of more than 10% of our common stock to file reports regarding their ownership and changes in ownership of our securities with the SEC, and to furnish us with copies of all Section 16(a) reports that they file.

To the best of our knowledge, based solely on a review of the copies of such reports furnished to the Company and written representations that no other reports were required, during the fiscal year ended December 31, 2021, all Section 16(a) filing requirements applicable to its executive officers, directors, and greater than ten percent (10%) beneficial owners were complied with, except for the following delinquent reports: (i) Forms 4 for each of Messrs. Liu, Just, Shah, Bahri, and Chuang for automatic conversion of Class B common stock to Class A common stock, (ii) Forms 4 for sell-to-cover taxes transactions for each of Mses. Oliver and Tilenius and Messrs. Chuang, Just, Shah, Kassaei, Szulczewski, and Liu, (iii) a Form 4 for an equity grant to Mr. Just, and (iv) a Form 4 for Mr. Shah for a sale pursuant to a Rule 10b5-1 plan. The Company files Section 16 reports of behalf of the Company’s directors and executive officers.

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Policies and Procedures for Related Party Transactions

As provided by our Audit Committee charter, our Audit Committee has the primary responsibility for the review, approval, and oversight of any “related person transaction,” which is any transaction, arrangement, or relationship (or series of similar transactions, arrangements, or relationships) in which we are, were, or will be a participant and the amount involved exceeds $120,000, and in which the related person had, has, or will have a direct or indirect material interest. Under our Related Person Transaction Policy, our management is required to submit any related person transaction not previously approved or ratified by our Audit Committee to our Audit Committee. In approving or rejecting the proposed transactions, our Audit Committee takes into account all of the relevant facts and circumstances available. Our Audit Committee will approve only those transactions that, as determined by our Audit Committee, are in, or are not inconsistent with, our best interests and the best interests of our stockholders.

Related Party Transactions

In addition to the compensation arrangements with directors and named executive officers described elsewhere in this Proxy Statement, since January 1, 2021, we were involved in the following transactions in which we were or are a party involving an amount in excess of $120,000 and in which any director, executive officer, holder of more than 5% of our capital stock, or any member of the immediate family or person sharing the household with any of these individuals (other than tenants or employees), had or will have a direct or indirect material interest.

Indemnification Agreements

We hav

SEC Form DEF 14A filed by ContextLogic Inc.