Weave Communications director disposes of 125K shares
At the merger’s effective time, each issued and outstanding RSU was converted into a right to receive $7.40 in cash.
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Rhea-AI Filing Summary
Weave Communications, Inc. director David Richard Silverman reported that 125,106 shares were disposed to the issuer on October 26, 2026; the reported post-transaction position was 0 shares. Footnotes state that certain shares were represented by restricted stock units (RSUs) held for the exclusive benefit of private investment funds for which Crosslink Capital, Inc. or Crosslink Capital Management, LLC serves as investment adviser. At the merger’s effective time, each issued and outstanding RSU was cancelled and converted into a right to receive $7.40 in cash, subject to the Merger Agreement. Each issued and outstanding common share was also converted into a right to receive $7.40 in cash.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2, F3 | 125,106 | -- | -- |
Footnotes (3)
- F1. Certain of these shares are represented by previously reported restricted stock units ("RSUs"). At the effective time of the merger (the "Effective Time"), each issued and outstanding RSU was cancelled and converted into the right to receive an amount equal to $7.40 in cash (the "Per Share Price"), subject to the terms set forth in the Merger Agreement (as defined below). The Reporting Person is a managing partner at Crosslink Capital, Inc. ("Crosslink") and a manager of Crosslink Capital Management, LLC ("CCM").
- F2. (continued from Footnote 1) The Reporting Person held these RSUs for the exclusive benefit of private investment funds for which Crosslink or CCM serves as the investment adviser. Accordingly, the Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest, if any, and the inclusion of the RSUs on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or any other purpose.
- F3. Pursuant to an Agreement and Plan of Merger (the "Merger Agreement") among Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc. (the "Company"), each issued and outstanding share of the Company's common stock was cancelled and converted into the right to receive an amount in cash equal to the Per Share Price.
Key Figures
Key Terms
restricted stock units financial
beneficial ownership regulatory
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