Weave (NASDAQ: WEAV) CEO reports 34,793-share tax-withholding transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Weave Communications, Inc. Chief Executive Officer Brett T. White reported a routine tax-withholding transaction involving the company’s Common Stock. On this date, 34,793 shares were withheld by the company at $5.44 per share to satisfy tax obligations tied to vested restricted stock units.
This was an exempt transaction under Rule 16b-3(e) and not an open-market sale. Following the withholding, White directly holds 2,919,949 shares of Weave Communications Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
WHITE BRETT T
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 34,793 | $5.44 | $189K |
Holdings After Transaction:
Common Stock — 2,919,949 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 34,793 shares
Withholding price: $5.44 per share
Shares held after transaction: 2,919,949 shares
3 metrics
Shares withheld for taxes
34,793 shares
Tax-withholding disposition of Common Stock
Withholding price
$5.44 per share
Value used for tax-withholding shares
Shares held after transaction
2,919,949 shares
Direct Common Stock ownership following withholding
Key Terms
Rule 16b-3(e), restricted stock units, tax obligations
3 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
"shares of the Issuer's Common Stock were withheld by the Issuer to satisfy tax obligations relating to the acquisition of shares"
FAQ
What insider transaction did Weave (WEAV) CEO Brett White report?
Weave CEO Brett White reported a tax-withholding disposition of 34,793 shares. The company withheld these shares to cover taxes from vested restricted stock units, rather than an open-market sale, under an exempt Rule 16b-3(e) transaction.
Was Brett White’s Weave (WEAV) transaction an open-market sale?
No, the transaction was not an open-market sale. The filing states the shares were withheld by Weave Communications to satisfy tax obligations from vested restricted stock units, in an exempt transaction pursuant to Rule 16b-3(e).