Summary by Moomoo AI
Richard S. Parisi, a director and 10% owner of ContextLogic Inc. (WISH), filed an Initial Statement of Beneficial Ownership of Securities with the SEC on April 19, 2024. The Form 3 filing, which is a requirement for individuals who are directors, officers, or beneficial owners of more than 10% of a registered class of a company's stock, indicates that Parisi does not beneficially own any securities in the company. The form was signed by Marianne Lewis, Attorney-in-Fact, on April 23, 2024. This filing is in accordance with Section 16(a) of the Securities Exchange Act of 1934 and is a standard procedure for new insiders of public companies, meant to provide transparency into their holdings of the company's securities.