Weave (NASDAQ: WEAV) COO has 11,782 shares withheld for RSU tax payment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weave Communications, Inc. Chief Operating Officer Marcus Bertilson reported a routine share withholding related to taxes. On June 15, 2026, 11,782 shares of common stock were withheld by the company at $5.44 per share to satisfy tax obligations from vested restricted stock units. This was an exempt transaction under Rule 16b-3(e) and not an open-market sale. After the transaction, Bertilson directly held 744,561 shares of Weave Communications common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bertilson Marcus
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 11,782 | $5.44 | $64K |
Holdings After Transaction:
Common Stock — 744,561 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 11,782 shares
Withholding price per share: $5.44 per share
Shares held after transaction: 744,561 shares
+2 more
5 metrics
Shares withheld for taxes
11,782 shares
Tax-withholding disposition on June 15, 2026
Withholding price per share
$5.44 per share
Value used for tax-withholding disposition
Shares held after transaction
744,561 shares
Direct common stock holdings after June 15, 2026
Tax-withholding shares in summary
11,782 shares
Reported as taxWithholdingShares in transaction summary
Transaction date
June 15, 2026
Date of tax-withholding disposition
Key Terms
Rule 16b-3(e), restricted stock units, tax obligations, Common Stock
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 ... 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
"shares ... were withheld by the Issuer to satisfy tax obligations relating to the acquisition of shares"
Common Stock financial
"shares of the Issuer's Common Stock were withheld by the Issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Weave Communications (WEAV) insider Marcus Bertilson report on this Form 4?
Marcus Bertilson reported that 11,782 Weave Communications common shares were withheld by the company. The withholding covered tax obligations tied to vested restricted stock units and did not involve an open-market stock sale.
Why was the WEAV insider transaction classified under Rule 16b-3(e)?
The transaction was exempt under Rule 16b-3(e) because shares were withheld by the issuer to satisfy tax obligations. This rule typically covers insider transactions tied to equity compensation, such as restricted stock units, rather than discretionary market trades.