Weave (NASDAQ: WEAV) CFO reports 1,828-share tax withholding on RSU vesting
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 disposition. On settlement of vested restricted stock units, the company withheld 1,828 shares of Common Stock to cover tax obligations, in an exempt transaction under Rule 16b-3(e). Following this withholding, Christiansen directly holds 724,494 shares of Weave Communications common stock. This event reflects compensation-related tax withholding rather than an open-market trade.
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 | 1,828 | $5.44 | $10K |
Holdings After Transaction:
Common Stock — 724,494 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,828 shares
Per-share value of withheld stock: $5.44 per share
Shares held after transaction: 724,494 shares
3 metrics
Shares withheld for taxes
1,828 shares
Tax-withholding disposition on vested restricted stock units
Per-share value of withheld stock
$5.44 per share
Valuation used for the 1,828-share tax withholding
Shares held after transaction
724,494 shares
CFO’s direct common stock ownership following withholding
Key Terms
Rule 16b-3(e), restricted stock units, tax obligations
3 terms
Rule 16b-3(e) regulatory
"In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's Common Stock were withheld..."
restricted stock units financial
"relating to the acquisition of shares ... in connection with the settlement of the vested portion of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligations financial
"shares ... were withheld by the Issuer to satisfy tax obligations relating to the acquisition of shares..."
FAQ
What insider transaction did Weave Communications (WEAV) report for its CFO?
Weave Communications reported that CFO Jason Paul Christiansen had 1,828 common shares withheld to cover tax obligations. The shares were tied to vested restricted stock units and were withheld by the company, not sold in the open market.
What does Rule 16b-3(e) mean for this WEAV insider transaction?
Rule 16b-3(e) allows certain insider transactions related to compensation to be treated as exempt. In this case, Weave Communications withheld shares to cover the CFO’s tax obligations on vested restricted stock units under that exempt framework.