Weave Communications (NASDAQ: WEAV) CRO has 19,140 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weave Communications, Inc. Chief Revenue Officer Joseph David McNeil reported a tax-related share disposition. On June 15, 2026, 19,140 shares of common stock were withheld at $5.44 per share to satisfy tax obligations tied to vested restricted stock units. This exempt transaction under Rule 16b-3(e) was not an open-market sale, and McNeil now directly holds 752,340 shares of Weave Communications common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McNeil Joseph David
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 19,140 | $5.44 | $104K |
Holdings After Transaction:
Common Stock — 752,340 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 19,140 shares
Price per share for withholding: $5.44 per share
Shares held after transaction: 752,340 shares
+2 more
5 metrics
Shares withheld for taxes
19,140 shares
Tax-withholding disposition on June 15, 2026
Price per share for withholding
$5.44 per share
Valuation used for tax-withholding shares
Shares held after transaction
752,340 shares
Direct holdings following tax-withholding event
Transaction code
F
Payment of tax liability by delivering securities
Transaction direction
dispose
Classified as tax-withholding disposition, not market sale
Key Terms
Rule 16b-3(e), restricted stock units, tax obligations, tax-withholding disposition
4 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 of the Issuer's Common Stock 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
"...were withheld by the Issuer to satisfy tax obligations relating to the acquisition of shares..."
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did WEAV executive Joseph David McNeil report?
Joseph David McNeil reported a tax-withholding disposition of 19,140 Weave Communications shares. The company withheld these shares to cover taxes due on vested restricted stock units, rather than selling them on the open market.
What is Rule 16b-3(e) and how does it apply to this WEAV filing?
Rule 16b-3(e) provides an exemption for certain insider transactions involving equity compensation. In this case, it covers Weave Communications’ withholding of shares from Joseph David McNeil to pay taxes on vested restricted stock units, treating the event as an exempt, non-market transaction.