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