Weave CEO has shares withheld for tax obligations
Weave Communications, Inc. Chief Executive Officer Brett T. White reported a tax-related share withholding.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 117,573 | $4.88 | $574K |
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
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What insider transaction did Weave Communications (WEAV) report for its CEO?
Was the Weave (WEAV) CEO’s Form 4 transaction a stock sale?
Why was the Weave Communications (WEAV) CEO’s tax-withholding transaction exempt?
AI-generated analysis. How Rhea-AI works. Not financial advice.