[144] Weave Communications, Inc. SEC Filing
Weave Communications, Inc. (WEAV) Form 144 discloses a proposed sale by an insider following a restricted stock vesting. The filer plans to sell 28,112 common shares with an aggregate market value of $224,381.55 on or about 08/18/2025 through Fidelity Brokerage Services on the NYSE. These shares were acquired via restricted stock vesting on 08/15/2025 as compensation. The notice also reports prior open-market sales by the same person: 53,111 shares sold on 06/16/2025 generating $455,979.18. By signing, the seller represents no undisclosed material adverse information is known.
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Insights
TL;DR: Insider intends to sell newly vested restricted shares; recent prior sales increase total insider liquidity.
The filing shows a routine post-vesting sale of 28,112 shares valued at $224,381.55, executed through a broker on the NYSE. Prior sales of 53,111 shares on 06/16/2025 produced $455,979.18. This pattern indicates the insider is monetizing equity granted as compensation; the amounts are explicit in the notice but the filing provides no context on proportion of total holdings beyond the outstanding share count listed as 77,036,187. The disclosure is compliant and gives clear transaction dates and sources of the shares.
TL;DR: Disclosure aligns with Rule 144 requirements; representation about material information is affirmed by the seller.
The document is a standard Rule 144 notice: it identifies the nature of acquisition as restricted stock vesting, the compensation basis for payment, and the broker. The seller's signed representation stating no undisclosed material adverse information is included, which is a required governance assertion. The filing does not provide any trading plan or 10b5-1 adoption date, and it does not state whether sales are part of a pre-approved plan.