Weave director granted 32,502 RSUs
Weave Communications director Adrian McDermott received a grant of 32,502 restricted stock units (RSUs).
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Form Type
4
Rhea-AI Filing Summary
Weave Communications director Adrian McDermott received a grant of 32,502 restricted stock units (RSUs). Each RSU will convert into one share of common stock when it vests. The RSUs vest in full on the earlier of June 10, 2027 or the first annual stockholder meeting after June 10, 2026. Following this award, McDermott holds 76,249 shares directly.
Insider Trade Summary
Grant/Award: 32,502 shares
Grant/Award
1 txn
Insider
McDermott Adrian
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,502 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 76,249 shares (Direct)
Footnotes (1)
- F1. Represents 32,502 restricted stock units (the "RSUs") granted to the Reporting Person as a director of the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. The RSUs will vest in full on the earlier of (i) June 10, 2027 and (ii) the date of the first annual meeting of the Issuer's stockholders following June 10, 2026. Such grant is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in reliance on Rule 16b-3(d).
Key Figures
RSU grant size: 32,502 units
Transaction price: $0.00 per share
Shares held after grant: 76,249 shares
+1 more
4 metrics
RSU grant size
32,502 units
Restricted stock units granted to director Adrian McDermott
Transaction price
$0.00 per share
Reported price for the RSU grant acquisition
Shares held after grant
76,249 shares
Total common stock held directly after the transaction
RSU vesting date
June 10, 2027
Vests earlier of this date or first annual meeting after June 10, 2026
Key Terms
restricted stock units, Section 16(b), Rule 16b-3(d)
3 terms
restricted stock units financial
"Represents 32,502 restricted stock units (the "RSUs") granted to the Reporting Person"
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.
Section 16(b) regulatory
"Such grant is exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(d) regulatory
"in reliance on Rule 16b-3(d)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Weave Communications (WEAV) disclose in this Form 4 for Adrian McDermott?
The filing reports that director Adrian McDermott received a grant of 32,502 restricted stock units (RSUs). Each RSU represents the right to receive one share of Weave Communications common stock when it vests, as part of his director compensation.
How many Weave Communications RSUs were granted to Adrian McDermott?
Adrian McDermott was granted 32,502 restricted stock units (RSUs). Each RSU entitles him to receive one share of Weave Communications common stock upon vesting, which effectively increases his potential future equity stake in the company when the RSUs vest.
When do Adrian McDermott’s Weave Communications RSUs vest?
The 32,502 RSUs vest in full on the earlier of June 10, 2027 or the date of the first annual stockholder meeting after June 10, 2026. This single vesting date structure ties the award to continued board service over time.
Is Adrian McDermott’s RSU grant at Weave Communications an open-market purchase?
No, the 32,502-unit award is a grant of restricted stock units, not an open-market share purchase. It is classified as a “grant, award, or other acquisition” and carries a $0.00 per-share transaction price in the Form 4 data.
Why is Adrian McDermott’s RSU grant exempt from Section 16(b)?
The RSU grant is described as exempt from Section 16(b) of the Exchange Act in reliance on Rule 16b-3(d). That rule generally provides exemptions for certain issuer-approved grants and awards to insiders, treating them as compensation rather than speculative trading.
AI-generated analysis. How Rhea-AI works. Not financial advice.
