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Former affiliate of Weave (NYSE: WEAV) plans NYSE stock sale

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Weave Communications, Inc. (WEAV) is the issuer of common stock covered by a planned resale under Rule 144 for the account of Pelion Ventures VI, identified as a former affiliate. The filing contemplates the sale of 98,814 shares of WEAV common stock through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE, with a stated aggregate market value of $721,342.20 as of the notice. The shares to be sold were originally acquired in private transactions from the issuer or an affiliate on October 16, 2015, for cash, in two blocks of 81,694 and 17,120 shares. The notice is signed by Steven M. Glover on behalf of the selling holder.

Positive

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Negative

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Shares proposed to be sold 98,814 shares of common stock Number of WEAV shares covered by the Rule 144 notice
Aggregate market value $721,342.20 Market value associated with the 98,814 WEAV shares to be sold
Block 1 shares acquired 81,694 shares Common shares acquired on 10/16/2015 via private acquisition from issuer/affiliate
Block 2 shares acquired 17,120 shares Common shares acquired on 10/16/2015 via private acquisition from issuer/affiliate
Proposed sale date 08/26/2026 Date associated with the proposed NYSE sale disclosure
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Former Affiliate regulatory
"Former Affiliate 144: Securities Information"
Private Acquisition from Issuer/Affiliate financial
"Common | 10/16/2015 | Private Acquisition from Issuer/Affiliate | Issuer"

FAQ

What does the Form 144 filing disclose for Weave Communications, Inc. (WEAV)?

The filing discloses that Pelion Ventures VI, a former affiliate, has notified of a planned sale of 98,814 shares of Weave Communications, Inc. common stock under Rule 144, with an indicated aggregate market value of $721,342.20 through Morgan Stanley Smith Barney LLC on the NYSE.

How many WEAV shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 98,814 shares of Weave Communications, Inc. common stock. These shares are to be sold for the account of Pelion Ventures VI through Morgan Stanley Smith Barney LLC Executive Financial Services on the NYSE.

What is the stated market value of the WEAV shares in this Form 144?

The Form 144 lists an aggregate market value of $721,342.20 for the 98,814 shares of Weave Communications, Inc. common stock covered by the notice. This value is part of the disclosure required for proposed sales under Rule 144.

When and how were the WEAV shares originally acquired by Pelion Ventures VI?

Pelion Ventures VI acquired the WEAV shares on October 16, 2015 in private acquisitions from the issuer or an affiliate for cash. The acquisition is disclosed in two blocks of 81,694 and 17,120 common shares.

Who is the broker handling the proposed WEAV share sale in this Form 144?

The proposed sale of 98,814 WEAV shares is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, in connection with trading on the NYSE.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature