Weave (WEAV) Insider Filing: 9,541 Restricted Shares Proposed for Sale
Rhea-AI Filing Summary
Weave Communications, Inc. (WEAV) Form 144 notice reports a proposed sale of 9,541 common shares held by the filer through Fidelity Brokerage Services. The shares were acquired on 09/15/2025 via restricted stock vesting and are being sold as compensation. The filing lists the approximate sale date as 09/22/2025 and values the proposed sale at $71,557.50 based on an aggregate market value reported in the form. The issuer's outstanding common shares are shown as 77,036,187. The filing also discloses three prior sales by the same person within the past three months totaling 31,941 shares for gross proceeds of $254,530.54. The notice includes the required signature representation that the seller is not aware of undisclosed material adverse information.
Positive
- Disclosure compliance: Form 144 provides required details including acquisition date, nature of acquisition, broker, and proposed sale date
- Origin of shares disclosed: Shares were acquired via restricted stock vesting, indicating compensation rather than open-market purchase
Negative
- Insider sales in past three months: The filer sold a total of 31,941 shares on 08/18/2025, 08/19/2025, and 09/16/2025 for gross proceeds of $254,530.54
Insights
TL;DR Insider proposes to sell 9,541 vested restricted shares; prior recent sales totaled 31,941 shares.
The Form 144 shows the shares to be sold were acquired by restricted stock vesting on 09/15/2025 and are being sold as compensation. The proposed transaction represents a small fraction of the issuer's reported 77,036,187 outstanding common shares. The filing properly discloses three recent sales by the same individual on 08/18/2025, 08/19/2025, and 09/16/2025 with gross proceeds provided. From a compliance perspective, the notice meets Rule 144 reporting requirements by stating acquisition dates, nature of acquisition, and sale scheduling.
TL;DR Filing documents insider compensation-related share vesting and planned sale; disclosure is routine and informational.
The record indicates the securities were earned through compensation (restricted stock vesting) and the filer affirms no undisclosed material adverse information. The inclusion of exact acquisition dates, broker name, and recent dispositions provides transparency. There is no mention in the form of any trading plan date or reliance on Rule 10b5-1, and no other governance events are disclosed in this filing.