Weave Communications (WEAV) awards 150,000 RSUs to General Counsel
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Waltman Tyler Otis reported acquisition or exercise transactions in this Form 4 filing.
Weave Communications reported that its General Counsel and Corporate Secretary, Tyler Otis Waltman, received a grant of 150,000 shares of Common Stock in the form of time-based restricted stock units (RSUs) at no cash cost. These RSUs vest as to 33% of the total shares on March 1, 2027, with the remaining shares vesting in equal quarterly installments over the following two years, contingent on his continued employment on each vesting date. Following this award, he is reported as directly holding 150,000 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Waltman Tyler Otis
Role
General Counsel & Corp. Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 150,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 150,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Weave Communications (WEAV) disclose for Tyler Otis Waltman?
Weave Communications disclosed that General Counsel and Corporate Secretary Tyler Otis Waltman received 150,000 shares of Common Stock through a restricted stock unit grant. The award was recorded at a price of $0.00 per share, indicating a compensation-related equity grant rather than a market purchase.
How do the RSUs granted to Weave Communications’ General Counsel vest?
The RSUs vest over roughly three years. Thirty-three percent of the total shares vest on March 1, 2027, and the remaining balance vests in equal quarterly installments during the next two years, provided Tyler Otis Waltman remains employed on each vesting date.
Is the Weave Communications (WEAV) Form 4 transaction a market buy or sell?
The Form 4 transaction is not a market buy or sell. It is classified as a grant, award, or other acquisition of 150,000 restricted stock units, given as compensation at a stated price of $0.00 per share, rather than through an open-market transaction.
What role does Tyler Otis Waltman hold at Weave Communications (WEAV) in this filing?
In this filing, Tyler Otis Waltman is identified as an officer of Weave Communications serving as General Counsel and Corporate Secretary. The reported equity award aligns with his executive role and is structured as time-based restricted stock units subject to a multi-year vesting schedule.
What conditions must be met for the Weave Communications RSUs to fully vest?
For the RSUs to fully vest, Tyler Otis Waltman must remain employed by Weave Communications on each scheduled vesting date. One-third of the award vests on March 1, 2027, and the remaining shares vest in equal quarterly installments over the subsequent two years.