Tax withholding trims Weave (NYSE: WEAV) CFO stake by 4,006 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weave Communications, Inc. Chief Financial Officer Jason Paul Christiansen reported a routine tax-related share withholding. On the settlement of vested restricted stock units, 4,006 shares of common stock were withheld by the company at $4.88 per share to cover tax obligations in an exempt Rule 16b-3(e) transaction. After this non-market disposition, he continues to hold 459,478 shares of Weave common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Christiansen Jason Paul
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,006 | $4.88 | $20K |
Holdings After Transaction:
Common Stock — 459,478 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did Weave Communications (WEAV) disclose for its CFO?
Weave Communications reported its CFO had 4,006 common shares withheld to cover taxes on vested restricted stock units. This exempt Rule 16b-3(e) transaction is administrative and not an open-market sale, leaving him with 459,478 directly held shares afterward.
What triggered the tax-withholding transaction reported by Weave Communications (WEAV)?
The tax-withholding occurred when a portion of the CFO’s restricted stock units vested and settled into common shares. To satisfy related tax obligations, the issuer withheld 4,006 shares in an exempt Rule 16b-3(e) transaction instead of requiring separate cash payment for the taxes.