Weave Communications CFO's 706K shares cancelled
Cash payments relating to unvested RSUs are subject to continued service through the vesting dates that would otherwise have applied.
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Rhea-AI Filing Summary
Jason Paul Christiansen reported disposition transactions in this Form 4 filing. Weave Communications, Inc. Chief Financial Officer Jason Paul Christiansen reported that on October 26, 2026, 706,168 common shares were cancelled at the merger’s effective time; a related note says certain of these shares were represented by previously reported RSUs. Each issued and outstanding common share was converted into a right to receive $7.40 in cash. Separately, 109,481 stock options were cancelled and converted into a right to receive cash equal to the excess of $7.40 over the $7.00 exercise price. His reported direct holdings after the transactions were zero shares and zero options. Cash payments relating to unvested RSUs are subject to continued service through applicable vesting dates.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) F2, F3 | 109,481 | -- | -- |
| Disposition | Common Stock F1, F2 | 706,168 | -- | -- |
Footnotes (3)
- F1. Certain of these shares are represented by previously reported restricted stock units ("RSUs"). At the effective time of the merger (the "Effective Time") each issued and outstanding RSU was cancelled and converted into the right to receive an amount equal to $7.40 in cash (the "Per Share Price"), subject to the terms set forth in the Merger Agreement (as defined below). Following the Effective Time, the cash payments relating to the unvested RSUs are subject to the Reporting Person's continued service with the Surviving Corporation (as defined in the Merger Agreement) through the applicable vesting dates that would have otherwise applied to the corresponding RSU.
- F2. Pursuant to an Agreement and Plan of Merger (the "Merger Agreement") among Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc. (the "Company"), each issued and outstanding share of the Company's common stock was cancelled and converted into the right to receive an amount in cash equal to the Per Share Price.
- F3. At the Effective Time, each issued and outstanding stock option was cancelled and converted into the right to receive an amount in cash equal to the excess of (x) the Per Share Price, over (y) the exercise price per share of such stock option, subject to the terms set forth in the Merger Agreement.
Key Figures
Key Terms
restricted stock units financial
Effective Time technical
Surviving Corporation regulatory
FAQ
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What happened to WEAV stock options in the merger?
What conditions applied to cash payments for unvested WEAV RSUs?
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