Sec Form 3 Filing - ABRAMS CAPITAL MANAGEMENT, L.P. @ ContextLogic Holdings Inc. - 2026-02-26

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
ABRAMS CAPITAL MANAGEMENT, L.P.
2. Issuer Name and Ticker or Trading Symbol
ContextLogic Holdings Inc. [ LOGC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
222 BERKELEY STREET, 21ST FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
02/26/2026
(Street)
BOSTON, MA02116
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.0001 per share 16,510,740 I See footnotes ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) ( 6 ) ( 7 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
ABRAMS CAPITAL MANAGEMENT, L.P.
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
ABRAMS CAPITAL MANAGEMENT, LLC
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
ABRAMS CAPITAL, LLC
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
Abrams Capital Partners I, L.P.
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
Abrams Capital Partners II, L.P.
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
Riva Capital Management V, LLC
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
Riva Capital Partners V, L.P.
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
Riva Capital Management VI, LLC
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
Riva Capital Partners VI, L.P.
222 BERKELEY STREET, 21ST FLOOR
BOSTON, MA02116
X
Signatures
Abrams Capital Management, L.P., by Abrams Capital Management, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Abrams Capital Management, LLC, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Abrams Capital, LLC, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Abrams Capital Partners I, L.P., by Abrams Capital, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Abrams Capital Partners II, L.P., by Abrams Capital, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Riva Capital Management V, LLC, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Riva Capital Partners V, L.P., by Riva Capital Management V, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Riva Capital Management VI, LLC, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Riva Capital Partners VI, L.P., by Riva Capital Management VI, LLC, its General Partner, by David C. Abrams, Managing Member /s/ David Abrams 02/26/2026
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents 458,736 shares held by Abrams Capital Partners I, L.P. ("ACP I"), 6,258,576 shares held by Abrams Capital Partners II, L.P. ("ACP II"), 5,262,976 shares held by Riva Capital Partners V, L.P. ("Riva V") and 4,530,452 shares held by Riva Capital Partners VI, L.P. ("Riva VI", and, together with ACP I, ACP II and Riva V, collectively the "Abrams Funds").
( 2 )Abrams Capital, LLC ("AC LLC") is the general partner of ACP I and ACP II. As a result, AC LLC may be deemed to share voting and dispositive power with respect to the shares held by ACP I and ACP II.
( 3 )Riva Capital Management V, LLC ("RCM V") is the general partner of Riva V. As a result, RCM V may be deemed to share voting and dispositive power with respect to the shares held by Riva V.
( 4 )Riva Capital Management VI, LLC ("RCM VI") is the general partner of Riva VI. As a result, RCM VI may be deemed to share voting and dispositive power with respect to the shares held by Riva VI.
( 5 )Abrams Capital Management, L.P. (the "LP") is the investment manager of each of the Abrams Funds and, in such capacity, manages the investment strategy and decision-making process with respect to investments held by the Abrams Funds. As a result, the LP may be deemed to share voting and dispositive power with respect to the shares held by the Abrams Funds.
( 6 )Abrams Capital Management, LLC (the "LLC") is the general partner of the LP. As a result, the LLC may be deemed to share voting and dispositive power with respect to the shares held by the Abrams Funds.
( 7 )Each reporting person disclaims beneficial ownership of the reported shares except to the extent of its pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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