Weave Communications: Tomlin's 124,677 shares canceled
The merger terms set the option cash settlement at the excess of the $7.40 Per Share Price over the $4.3237 exercise price.
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Rhea-AI Filing Summary
Weave Communications, Inc. director Debora B. Tomlin reported the disposition to the issuer on October 26, 2026, of 124,677 common shares, which were canceled in the merger and converted into a right to receive $7.40 per share in cash. She also reported cancellation of stock options covering 106,666 shares; the options converted into a right to receive cash equal to the excess of the $7.40 Per Share Price over the $4.3237 exercise price, subject to the Merger Agreement. Reported direct post-transaction balances were 0 common shares and 0 options. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) F2, F3 | 106,666 | -- | -- |
| Disposition | Common Stock F1, F2 | 124,677 | -- | -- |
Footnotes (3)
- F1. Certain of these shares are represented by previously reported restricted stock units ("RSUs"), including fully vested deferred 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)
- F2. 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.
- F3. At the Effective Time, each issued and outstanding stock option was cancelled and converted into the right to receive an amount in cash equal to the excess of (x) the Per Share Price, over (y) the exercise price per share of such stock option, subject to the terms set forth in the Merger Agreement.
Key Figures
Key Terms
restricted stock units financial
Effective Time technical
Merger Agreement technical
FAQ
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How were Debora B. Tomlin’s WEAV stock options settled?
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