Weave (WEAV) Form 4: Chief Legal Officer disposes 9,541 shares via 10b5-1
Rhea-AI Filing Summary
Erin Goodsell, Chief Legal Officer and Corporate Secretary of Weave Communications (WEAV), reported a sale of company stock. On 09/22/2025 she sold 9,541 shares of Weave common stock at $7.50 per share under a Rule 10b5-1 sales plan adopted on 06/09/2025. After the transaction she beneficially owned 544,181 shares, held directly. The Form 4 was signed on 09/24/2025 and discloses the sale and the plan governing it.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating pre-established, non-discretionary trading arrangements
- Reporting includes resulting ownership of 544,181 shares, demonstrating material continued insider stake
Negative
- None.
Insights
TL;DR: Insider sale under a pre-established 10b5-1 plan; substantial remaining direct ownership retained.
The filing shows a routine, pre-planned disposition of 9,541 shares at $7.50 per share executed under a Rule 10b5-1 plan adopted 06/09/2025. With 544,181 shares remaining directly beneficially owned, the sale represents a small percentage of total holdings reported on this Form 4. The disclosure is compliant and includes the required signature date.
TL;DR: Governance practice followed: sale executed via 10b5-1 plan and properly reported.
The report documents an insider transaction executed pursuant to a documented Rule 10b5-1 plan, which is a common governance mechanism to avoid questions of selective trading. The Form 4 includes transaction date, price, quantity, resulting ownership and signature, meeting SEC disclosure requirements for Section 16 officers.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,541 | $7.50 | $72K |
Footnotes (1)
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FAQ
Was the insider sale by Erin Goodsell pre-planned?
When was the Form 4 signed and filed for this transaction?
What is Erin Goodsell's role at Weave Communications?