Weave CRO has 19,140 shares withheld for taxes
Weave’s Chief Revenue Officer had shares withheld to cover taxes on vested RSUs, leaving him with over 700,000 shares.
Rhea-AI Filing Summary
Weave Communications, Inc. (WEAV) reported that Chief Revenue Officer Joseph David McNeil had 19,140 shares of common stock withheld on September 15, 2026 to satisfy tax obligations related to the settlement of vested restricted stock units. After this tax-withholding disposition, he holds 733,200 shares of Weave common stock directly.
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Insider Trade Summary
Tax Withholding: 19,140 shares
Tax Withholding
1 txn
Insider
McNeil Joseph David
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 19,140 | $7.33 | $140K |
Holdings After Transaction:
Common Stock — 733,200 shares (Direct)
Footnotes (1)
- F1. In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's Common Stock were withheld by the Issuer to satisfy tax obligations relating to the acquisition of shares of the Issuer's Common Stock in connection with the settlement of the vested portion of restricted stock units.
Key Figures
Shares withheld for taxes: 19,140 shares
Per-share value for withholding: $7.33 per share
Shares held after transaction: 733,200 shares
3 metrics
Shares withheld for taxes
19,140 shares
Common stock withheld on September 15, 2026 to satisfy tax obligations
Per-share value for withholding
$7.33 per share
Reported value used for the 19,140 WEAV shares withheld
Shares held after transaction
733,200 shares
Direct WEAV common stock holdings of Joseph David McNeil after the tax-withholding disposition
Key Terms
Rule 16b-3(e), restricted stock units, tax obligations, Common Stock
4 terms
Rule 16b-3(e) regulatory
"In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's Common Stock were withheld"
restricted stock units financial
"relating to the acquisition of shares ... in connection with the settlement of the vested portion of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligations financial
"withheld by the Issuer to satisfy tax obligations relating to the acquisition of shares"
Common Stock financial
"shares of the Issuer's Common Stock were withheld by the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WEAV disclose for Joseph David McNeil?
WEAV disclosed that Chief Revenue Officer Joseph David McNeil had 19,140 shares of common stock withheld on September 15, 2026 to satisfy tax obligations arising from the settlement of vested restricted stock units.
Did the WEAV insider Form 4 report a market sale or a tax withholding?
The Form 4 reports a tax-withholding disposition, not an open market sale. Shares were withheld by Weave Communications, Inc. to pay tax liability related to vested restricted stock units, as an exempt transaction under Rule 16b-3(e).
Was the WEAV insider transaction made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not affirmed, and the footnote describes the transaction solely as an exempt tax-withholding event under Rule 16b-3(e), without reference to any trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.