[Form 4] Weave Communications, Inc. Insider Trading Activity
Brett T. White, Chief Executive Officer and Director of Weave Communications, Inc. (WEAV), reported a sale of 28,112 shares of the issuer's common stock on 08/18/2025 at a price of $7.98 per share. The filing states the shares were sold to cover taxes due upon the release and settlement of restricted stock units. Following the reported transaction the reporting person beneficially owns 1,976,024 shares, reported as direct ownership. The Form 4 was filed by one reporting person and signed by Erin Goodsell as Attorney-in-Fact on 08/20/2025.
- Timely disclosure of insider transaction via Form 4 with Attorney-in-Fact signature
- Substantial retained ownership after the sale: 1,976,024 shares held directly
- Disposition of 28,112 shares on 08/18/2025 at $7.98 per share reduces insider position
- Sale indicates RSU tax obligations, which increases near-term insider selling pressure (tax-related)
Insights
TL;DR Insider sold a small tranche of shares explicitly to cover taxes from RSU vesting; large remaining ownership retained.
The Form 4 documents a routine tax-related disposition rather than an opportunistic sale. The reporting person is both CEO and a director, and retains substantial direct ownership of 1,976,024 shares after the sale, which supports continued alignment with shareholders. The disclosure was timely and executed via an attorney-in-fact, indicating procedural adherence. Materiality is limited given the size of the sale relative to the remaining stake, and no additional derivative transactions or plans are disclosed in this filing.
TL;DR A tax-covering sale of 28,112 shares at $7.98, leaving nearly two million shares beneficially owned; impact appears routine and immaterial.
The transaction code and explanation identify the sale as S(1) to satisfy tax withholding obligations from RSU settlement. The reported per-share price of $7.98 provides a concrete execution price for the disposition. There are no reported derivative instruments or additional dispositions in this filing. Given the continued large direct ownership, the sale does not by itself signal a change in insider alignment or control based on the information provided.