Weave COO has shares withheld for tax obligations
Weave Communications Chief Operating Officer Marcus Bertilson reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Weave Communications Chief Operating Officer Marcus Bertilson reported a routine tax-related share disposition. On this Form 4, 19,849 shares of common stock were withheld by the company at $4.88 per share to cover tax obligations from vested restricted stock units. This was an exempt transaction under Rule 16b-3(e), not an open-market sale. After the withholding, Bertilson directly holds 455,038 shares of Weave Communications common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 19,849 | $4.88 | $97K |
Footnotes (1)
- F1. In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's Common Stock were withheld by the Issuer to satisfy tax obligations 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Weave Communications (WEAV) COO Marcus Bertilson report on this Form 4?
Was the WEAV COO’s Form 4 transaction a stock sale in the open market?
What is the significance of Rule 16b-3(e) in the WEAV COO Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.