Good morning, welcome to ContextLogic's 2026 Annual Meeting of Stockholders. Please note this event is being webcast. I would now like to introduce Mark Ward, the company's President. Welcome, everyone, thank you for joining our Annual Meeting of Stockholders. It is now 10:00 A.M., the meeting will please come to order. We are holding this meeting virtually again, as we aim to increase access and participation. I will lead the formal business of the meeting and our Senior Corporate Counsel and Corporate Secretary, Marianne Lewis, will act as secretary of the meeting. We have appointed Ken Frank of Broadridge Financial Solutions to Inspector of Election for this meeting, he will examine and tabulate the proxies and results of the voting. I would like to move on to other procedural matters and provide an overview of today's meeting agenda. We will use the rules of conduct and procedure that are posted in the web portal. By following these rules and procedures, we will be able to handle the business of the meeting efficiently and fairly. Thank you for your cooperation with these rules. I will conduct the official business portion of the 2026 Annual Meeting of Stockholders. I have an affidavit of mailing for Broadridge certifying that beginning on April 28th, 2026, notice of this meeting was given and proxy materials were sent to the stockholders of record. A list of the stockholders entitled to vote at this meeting has been available to stockholders for the past 10 days. The list will be available online for the duration of the meeting. Will the Inspector of Election please report whether the shares represented at this meeting in person or by proxy constitute a quorum? In order to constitute a quorum, the holders of at least 1/3 of the company's Class A common stock outstanding as of the record date must be present at this meeting, either virtually or by proxy. There are present at this meeting in person or represented by proxy, stockholders representing a majority of the shares eligible to vote, which constitutes a quorum. The Inspector of Election reports that quorum has been met. We will now proceed with the official business of this meeting. The polls are now open. If you have not yet voted or wish to change your vote, you may do so by clicking on the voting button on the web portal and following the instructions there. If you have sent in a proxy card or voted by telephone or internet and do not want to change your vote, you do not need to take any further action. After voting has been completed on all matters on the agenda, we will close the polls, and the Inspector of Election will provide his preliminary report. I will now move to a review of the proposals. The first proposal to come before the meeting is the approval of the amendment to waive Corporate Opportunities. The Board of Directors recommends that the stockholders approve the amendment to waive Corporate Opportunities. The second proposal to come before the meeting is the election of our Class I directors. At this meeting, we will be nominating two of our incumbent directors for three-year terms expiring at the 2029 Annual Meeting of Stockholders, or until their successors are duly elected and qualified. The nominees are Raja Bobbili and Mark Ward. No other nominations of persons for election to the Board of Directors were received in a timely manner pursuant to the company's amended and restated bylaws, no other nominations are being considered. The Board of Directors recommends that the stockholders vote for the election of each of our Class I director nominees. The third proposal to come before the meeting is the ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The Board of Directors recommends the ratification the appointment of Deloitte & Touche LLP to serve as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. The fourth proposal to come before the meeting is the advisory approval of the compensation of our Named Executive Officers for the year ended December 31, 2025, as disclosed in the Proxy Statement. The Board of Directors recommends that the stockholders approve the named executive officer compensation for the year ended December 31, 2025, as disclosed in the Proxy Statement on a non-binding advisory basis. The fifth proposal to come before the meeting is the approval of the Adjournment Proposal to adjourn the annual meeting if necessary in order to solicit additional proxies in favor of the Corporate Opportunities proposal. The Board of Directors recommends that the stockholders approve the Adjournment Proposal. No other proposals for business to be transacted at this meeting were received in a timely manner pursuant to the company's amended and restated bylaws, we will now proceed to vote on the previously discussed motions. It is now 10:05 A.M. Pacific Time, and the polls for voting on each matter to be voted on at this time are still open. As previously mentioned, if you have sent in your proxy card or voted by telephone or internet and do not want to change your vote, you do not need to take any further action. If you have not yet voted or wish to change your vote, you may do so by clicking on the voting button on the web portal and following the instructions there. I will now pause as we leave the polls open for another 30 seconds to allow everyone who chooses to vote electronically to cast their ballots. Now that everyone has had the opportunity to vote, it is 10:06 A.M., and I declare the polls for the 2026 Annual Meeting of Stockholders closed. Will the Inspector of Election please provide the preliminary report? Based upon the proxy holders' ballots, with respect to Proposal 1, the Corporate Opportunities proposal has been approved. Proposal 2, the election of the Class I director nominees, each of the Class I director nominees has been elected to serve as directors of the company until the 2029 Annual Meeting of Stockholders, or until their successors are duly elected and qualified. Proposal 3, the ratification of the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026, has been approved. Proposal 4, the compensation of the company's Named Executive Officers for the year ended December 31, 2025, as disclosed in the Proxy Statement, has been approved on a non-binding advisory basis. Proposal 5, the Adjournment Proposal, has been approved. We will file the final report of the Inspector of Election with the records of this meeting, and the final voting results will be disclosed on a Form 8-K to be filed with the Securities and Exchange Commission within four business days of this meeting. That concludes the business portion of the meeting today. Thank you for attending today's meeting. This concludes our 2026 Annual Meeting of Stockholders. The Annual Meeting of Stockholders is now adjourned. That concludes our meeting today. You may now disconnect.