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[Form 4] Weave Communications, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Erin Goodsell, Chief Legal Officer & Corporate Secretary of Weave Communications (WEAV), reported two open-market sales of common stock to cover tax obligations and under a pre-existing plan. On 08/18/2025 she sold 23,350 shares at $7.98 per share to cover taxes from vested restricted stock units, leaving her with 562,313 shares. The Form 4 notes 1,006 shares acquired under the company ESPP on 08/15/2025 (exempt under Rule 16b-3(c)). On 08/19/2025 she sold 1,006 shares at $8.02 pursuant to a Rule 10b5-1 trading plan adopted May 16, 2024, leaving 561,307 shares.

Positive
  • Reporting person used a Rule 10b5-1 trading plan for the 08/19/2025 sale, indicating pre-arranged, compliant trading
  • Acquisition of 1,006 ESPP shares on 08/15/2025 is exempt under Rule 16b-3(c), showing participation in employee purchase program
  • Post-transaction beneficial ownership remains substantial (561,307 shares), suggesting continued insider alignment with shareholders
Negative
  • Reported sales of common stock (23,350 shares at $7.98 on 08/18/2025 and 1,006 shares at $8.02 on 08/19/2025) reduced insider holdings, which could be viewed as liquidity-taking
  • The tax-cover sale on 08/18/2025 involved vested RSUs, indicating accelerated vesting-related dilution from insider perspective

Insights

TL;DR: Insider sales were routine tax-cover and 10b5-1 plan transactions; holdings remain substantial, indicating no clear negative earnings signal.

The filings show routine disposition activity: a tax-cover sale of vested RSUs (23,350 shares at $7.98) and a small sale (1,006 shares at $8.02) under a pre-established 10b5-1 plan. The reporting person still beneficially owns over 560,000 shares, which suggests continued alignment with shareholders. The ESPP purchase of 1,006 shares on 08/15/2025 is specifically noted as exempt under Rule 16b-3(c). From a market-impact perspective, these transactions are administrative and not sufficiently large relative to existing holdings to imply a material change in insider sentiment.

TL;DR: The insider followed governance best practices by using a 10b5-1 plan and disclosing ESPP acquisition; disclosures are timely and compliant.

The Form 4 discloses adherence to standard policies: use of a Rule 10b5-1 plan (adopted May 16, 2024) for one sale and a tax-withholding sale for RSU settlement. The ESPP purchase is labeled exempt under Rule 16b-3(c), consistent with common exemptions. Signatures and transaction dates are provided, indicating procedural compliance. No indications of undisclosed transactions or governance concerns appear in the filing text.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Goodsell Erin

(Last) (First) (Middle)
C/O WEAVE COMMUNICATIONS, INC.
1331 W. POWELL WAY

(Street)
LEHI UT 84043

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Weave Communications, Inc. [ WEAV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal Officer & Corp.Sec
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/18/2025 S(1) 23,350 D $7.98 562,313(2) D
Common Stock 08/19/2025 S(3) 1,006 D $8.02 561,307 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the aggregate number of shares of the Issuer's common stock sold by the Reporting Person on August 18, 2025 to cover taxes due upon the release and settlement of the restricted stock units.
2. Includes 1006 shares acquired under the Issuer's employee stock purchase plan (the "ESPP") on August 15, 2025. The acquisition of these shares under the ESPP is exempt under Rule 16b-3(c).
3. Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on May 16, 2024.
Remarks:
/s/ Erin Goodsell 08/20/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did WEAV insider Erin Goodsell report on Form 4?

She reported a 23,350-share saleESPP purchase of 1,006 shares1,006-share sale

Were the transactions pre-planned or routine?

Yes. The 08/19/2025 sale was effected pursuant to a Rule 10b5-1 sales plan

How many WEAV shares does Erin Goodsell own after these transactions?

The filing reports 561,307 shares

Is the ESPP acquisition subject to special rules?

The Form 4 states the 1,006 shares acquired under the ESPP on 08/15/2025 are exempt under Rule 16b-3(c).

Do these disclosures indicate compliance with insider trading rules?

Yes. The Form 4 shows timely disclosure, use of a 10b5-1 plan, and explicit labels for exempt ESPP purchases, consistent with compliance practices.
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