Weave CEO has shares withheld for tax obligations
Weave Communications, Inc. Chief Executive Officer Brett T. White reported a tax-related share withholding.
Rhea-AI Filing Summary
Weave Communications, Inc. Chief Executive Officer Brett T. White reported a tax-related share withholding. On the reported date, 117,573 shares of common stock were withheld by the company to cover tax obligations tied to the settlement of vested restricted stock units, in an exempt transaction under Rule 16b-3(e). After this withholding, he directly holds 1,754,742 shares of Weave common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 117,573 shares
Exercise Price or Tax Liability
1 txn
Insider
WHITE BRETT T
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 117,573 | $4.88 | $574K |
Holdings After Transaction:
Common Stock — 1,754,742 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Weave Communications (WEAV) report for its CEO?
Weave Communications reported that CEO Brett T. White had 117,573 common shares withheld to satisfy tax obligations from vested restricted stock units. This was an exempt transaction, not an open-market trade, and reflects routine tax handling of equity compensation.
Was the Weave (WEAV) CEO’s Form 4 transaction a stock sale?
The Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by Weave Communications to cover tax obligations from RSU settlement, meaning the company retained those shares instead of the CEO selling them in the market.
Why was the Weave Communications (WEAV) CEO’s tax-withholding transaction exempt?
The transaction is described as exempt under Rule 16b-3(e), which generally covers issuer-related transactions involving equity compensation. In this case, Weave withheld shares from the CEO’s vested RSUs to pay taxes, rather than the CEO executing a market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.