Weave Communications (WEAV) director receives 68,752-share RSU award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Robson Herbert Edward II reported acquisition or exercise transactions in this Form 4 filing.
Weave Communications director Herbert Edward Robson II reported an award of 68,752 shares of Common Stock in the form of time-based restricted stock units. The RSUs vest in three equal annual installments starting on March 30, 2027, contingent on continued service.
The filing also lists indirect holdings of Weave Communications stock through 2717 Partners SPV A LP, 2717 Partners Master Fund LP, and 2717 Partners SPV A LLC, with the reporting person disclaiming beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Robson Herbert Edward II
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 68,752 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 68,752 shares (Direct, null);
Common Stock — 537,000 shares (Indirect, By 2717 Partners SPV A LLC)
Footnotes (1)
- Represents shares of Common Stock underlying a time-based restricted stock unit award ("RSU"). The RSU will vest in equal annual installments over three years, beginning on March 30, 2027, subject to the continuous service of the Reporting Person through each vesting date. 2717 Partners SPV GP LLC (2717 SPV GP LLC) is the sole general partner of 2717 Partners SPV A LLC (2717 SPV A LLC) and 2717 Partners SPV A LP (2717 SPV A LP). The Reporting Person is the managing member of 2717 SPV GP LLC and may be deemed to exercise voting and dispositive power over the shares held by 2717 SPV A LLC and 2717 SPV A LP. The Reporting Person disclaims beneficial ownership of shares held by 2717 SPV A LLC and 2717 SPV A LP except to the extent of his pecuniary interest therein. 2717 Partners Funds GP LLC (2717 GP) is the sole general partner of 2717 Partners Master Fund LP (2717 Master Fund). The Reporting Person is the managing member of 2717 GP and may be deemed to exercise voting and dispositive power over the shares held by 2717 Master Fund. The Reporting Person disclaims beneficial ownership of the shares held by 2717 Master Fund except to the extent of his pecuniary interest therein.
Key Figures
RSU award size: 68,752 shares
RSU grant price: $0.0000 per share
SPV A LP holdings: 400,000 shares
+2 more
5 metrics
RSU award size
68,752 shares
Time-based restricted stock units granted to director
RSU grant price
$0.0000 per share
Reported transaction price per RSU share
SPV A LP holdings
400,000 shares
Common Stock held indirectly by 2717 Partners SPV A LP after transaction
Master Fund holdings
1,164,000 shares
Common Stock held indirectly by 2717 Partners Master Fund LP after transaction
SPV A LLC holdings
537,000 shares
Common Stock held indirectly by 2717 Partners SPV A LLC after transaction
Key Terms
restricted stock unit, pecuniary interest, disclaims beneficial ownership, voting and dispositive power
4 terms
restricted stock unit financial
"Represents shares of Common Stock underlying a time-based restricted stock unit award ("RSU")."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
pecuniary interest financial
"disclaims beneficial ownership of shares held ... except to the extent of his pecuniary interest therein."
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of shares held by 2717 SPV A LLC and 2717 SPV A LP except to the extent of his pecuniary interest therein."
voting and dispositive power financial
"may be deemed to exercise voting and dispositive power over the shares held by 2717 SPV A LLC and 2717 SPV A LP."
FAQ
What insider transaction did WEAV director Herbert Edward Robson II report?
He reported an award of 68,752 Weave Communications common shares as restricted stock units. These RSUs represent compensation rather than a market purchase, granted at no cash cost per share to the director.
How do Herbert Edward Robson II’s new WEAV RSUs vest over time?
The 68,752 restricted stock units vest in three equal annual installments beginning March 30, 2027. Each installment requires the director to remain in continuous service through the applicable vesting date to receive the underlying shares.
What indirect WEAV holdings are associated with Herbert Edward Robson II?
Indirect holdings are listed through 2717 Partners SPV A LP, 2717 Partners Master Fund LP, and 2717 Partners SPV A LLC. The filing notes he may be deemed to exercise voting and dispositive power but disclaims beneficial ownership beyond his pecuniary interest.