ContextLogic Inc. announced that on February 4, 2022, Jacqueline Reses, resigned from her position as Executive Chair and as a member of the Company's Board of Directors. Upon her resignation, Ms. Reses entered into a consulting agreement with the Company pursuant to which Ms. Reses will provide transition and other consulting services to the Company's new Chief Executive Officer and Board. Ms. Reses was instrumental in the Company's recent hiring of a new Chief Executive Officer, Chief Financial Officer, Chief Technology Officer and Chief Product Officer.