Home / Auditor changes / ContextLogic Holdings Inc.
Filed 2026-03-30 路 Form 8-K 路 Accession 0001193125-26-131871 small
Price before filing: $8.06 (2026-03-27 close, split/dividend-adjusted)
Market cap at flag: $357.6M (2026-03-30) 路 Latest: $690.6M (2026-10-16)
| Window | LOGC | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +5.7% | +12.2% | -6.5% | 2026-04-29 |
| 90 days | +10.5% | +17.2% | -6.6% | 2026-06-29 |
| 180 days | +86.8% | +21.4% | +65.5% | 2026-09-28 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 3 insiders bought $39.7M (9 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-02-26 | ABRAMS CAPITAL MANAGEMENT, L.P. (+8 joint filers) 10% owner | Purchase | 1,758,794 | $7.00 | $12.3M | no | Form 4 |
| 2026-02-26 | Abrams David C Director, 10% owner | Purchase | 1,758,794 | $7.00 | $12.3M | no | Form 4 |
| 2026-02-26 | Bobbili Raja Director, 10% owner | Purchase | 1,758,794 | $7.00 | $12.3M | no | Form 4 |
| 2026-03-09 | Bobbili Raja Director, 10% owner | Purchase | 162,634 | $7.92 | $1.3M | no | Form 4 |
| 2026-03-10 | Bobbili Raja Director, 10% owner | Purchase | 87,366 | $7.90 | $690K | no | Form 4 |
| 2026-03-12 | Bobbili Raja Director, 10% owner | Purchase | 6,500 | $8.00 | $52K | no | Form 4 |
| 2026-03-13 | Bobbili Raja Director, 10% owner | Purchase | 35,229 | $8.20 | $289K | no | Form 4 |
| 2026-03-16 | Bobbili Raja Director, 10% owner | Purchase | 29,271 | $8.34 | $244K | no | Form 4 |
| 2026-03-17 | Bobbili Raja Director, 10% owner | Purchase | 29,000 | $8.60 | $249K | no | Form 4 |
| 2026-03-30: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-12-30 to 2026-04-29. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"(the "Company"), dismissed BPM LLP ("BPM") as the Company's independent registered public accounting firm."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
Former auditor: BPM LLP · New auditor: Deloitte & Touche LLP
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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