Weave (WEAV) Insider Sale: CEO Disposes 53,953 Shares for Tax Withholding
Rhea-AI Filing Summary
Brett T. White, Chief Executive Officer and Director of Weave Communications, Inc. (WEAV), reported a sale of 53,953 shares of common stock on 09/16/2025 at a price of $7.73 per share to cover taxes from the release and settlement of restricted stock units. After the sale, the filing shows the reporting person beneficially owns 1,922,071 shares, held directly. The Form 4 was executed by an attorney-in-fact, Erin Goodsell, on 09/18/2025. The filing lists no other derivative transactions or additional dispositions.
Positive
- Substantial retained ownership: Reporting person still holds 1,922,071 shares after the transaction.
- Transaction disclosed as tax-related: Sale was explicitly to cover taxes upon RSU release, not a discretionary cash-sale.
- Timely and proper filing: Form 4 executed by attorney-in-fact and dated within two days of the transaction.
Negative
- Shares sold: 53,953 shares were disposed of, reducing direct holdings by that amount.
Insights
TL;DR Insider sold shares to cover RSU taxes; large direct ownership remains, so dilution or cash-raising concerns appear limited.
The sale of 53,953 shares at $7.73 was explicitly described as a tax-withholding sale tied to the release of restricted stock units, not a discretionary open-market divestiture for cash needs. Following the transaction the reporting person retains 1,922,071 shares, indicating continued substantial alignment with shareholders. The transaction size relative to holdings is small and the filing shows no options or derivatives activity. For investors, this is a routine insider tax sale rather than a change in control or a signal of major liquidity needs.
TL;DR Routine Form 4 disclosure of RSU tax withholding sale; governance transparency maintained by timely filing and attorney-in-fact signature.
The Form 4 clearly identifies the reporting person as both CEO and Director and documents the mechanics of the transaction as tax-related. The use of an attorney-in-fact to sign on 09/18/2025 is properly disclosed. There are no indications of unusual insider activity, related-party transactions, or changes in control. Record shows compliance with Section 16 reporting responsibilities for this event.