Tax withholding trims Weave (WEAV) CRO stake by 34,241 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weave Communications, Inc. Chief Revenue Officer Joseph David McNeil reported a routine tax-withholding transaction involving company stock. On March 13, 2026, 34,241 shares of common stock were withheld by the company at $4.88 per share to satisfy tax obligations tied to vesting restricted stock units. After this exempt Rule 16b-3(e) transaction, McNeil directly owned 471,480 shares of Weave 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 | 34,241 | $4.88 | $167K |
Holdings After Transaction:
Common Stock — 471,480 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Weave Communications (WEAV) report for its CRO?
Weave Communications reported a tax-related share disposition by its Chief Revenue Officer. On March 13, 2026, 34,241 common shares were withheld by the company to cover tax obligations from vested restricted stock units, rather than being sold in the open market.
What does transaction code F mean in the Weave Communications (WEAV) Form 4?
Transaction code F indicates a tax-withholding disposition. In this case, Weave Communications withheld 34,241 common shares from the executive at $4.88 per share to pay tax obligations arising from the acquisition of stock upon settlement of vested restricted stock units.
Why was the Weave Communications (WEAV) insider transaction described as exempt?
The transaction is described as exempt under Rule 16b-3(e). This rule allows issuers to withhold shares from insiders to satisfy tax obligations on equity awards, such as vested restricted stock units, without treating the withholding as a traditional market purchase or sale.