ContextLogic Holdings Inc (NASDAQ: LOGC) disclosed a material insider purchase on a Form 4 filed with the Securities and Exchange Commission. The filing shows that David C. Abrams - identified as a Director and a ten percent owner of the company - acquired 1,758,794 shares of the companys common stock on February 26, 2026.
The transaction price was $7.00 per share, bringing the total transaction value to $12,311,558. Following the purchase, Abrams directly and indirectly owns 18,269,534 shares of ContextLogic. The Form 4 filing is the formal disclosure required by the SEC for certain insider transactions.
This purchase occurred seven days before ContextLogics scheduled earnings announcement on March 6. The company has reported a negative earnings per share of $0.64 over the trailing twelve months, a metric the filing notes in context of the timing of the trade. The filing does not include commentary from Abrams or ContextLogic explaining the rationale behind the purchase.
The filing itself provides the confirmed transaction details - date, share count, price per share, and the post-transaction ownership total. Beyond those items, the Form 4 does not supply additional disclosures about any trading plan, financing for the purchase, or intended disposition of the newly acquired shares.
Investors and market participants reviewing insider activity often pay attention to timing and scale of transactions. In this instance, the purchase was sizable both in absolute dollars and in relation to the directors reported ownership stake. The upcoming earnings report and the companys recent profitability metric are observable data points that market participants may factor into their assessments.
Article notes - All transaction details are taken from the SEC Form 4 filing attributed to David C. Abrams filed in connection with ContextLogic Holdings Inc and reflect the specific facts reported in that filing.