Weave director granted 32,502 RSUs
Harvey Stuart C. JR reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Harvey Stuart C. JR reported acquisition or exercise transactions in this Form 4 filing.
Weave Communications director Harvey Stuart C. Jr reported an equity award rather than an open-market trade. He received 32,502 restricted stock units (RSUs), each representing one share of common stock upon vesting, at a price of $0.00 per unit as compensation for board service.
The RSUs will vest in full on the earlier of June 10, 2027 or the first annual stockholder meeting after June 10, 2026. Following this grant, his reported direct holdings increased to 127,337 shares/units of Weave Communications common stock, highlighting a larger equity stake aligned with shareholder interests.
Insider Trade Summary
Grant/Award: 32,502 shares
Grant/Award
1 txn
Insider
Harvey Stuart C. JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,502 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 127,337 shares (Direct)
Footnotes (1)
- F1. Represents 32,502 restricted stock units (the "RSUs") granted to the Reporting Person as a director of the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. The RSUs will vest in full on the earlier of (i) June 10, 2027 and (ii) the date of the first annual meeting of the Issuer's stockholders following June 10, 2026. Such grant is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in reliance on Rule 16b-3(d).
Key Figures
RSU grant size: 32,502 RSUs
Grant price per unit: $0.00 per RSU
Holdings after transaction: 127,337 shares/units
+1 more
4 metrics
RSU grant size
32,502 RSUs
Equity award to director Harvey Stuart C. Jr
Grant price per unit
$0.00 per RSU
Equity compensation, not cash purchase
Holdings after transaction
127,337 shares/units
Direct ownership following RSU grant
RSU vesting date
June 10, 2027
Earlier of this date or first annual meeting after June 10, 2026
Key Terms
restricted stock units, Section 16(b), Rule 16b-3(d), annual meeting
4 terms
restricted stock units financial
"Represents 32,502 restricted stock units (the "RSUs") granted to the Reporting Person"
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.
Section 16(b) regulatory
"Such grant is exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(d) regulatory
"in reliance on Rule 16b-3(d)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
annual meeting financial
"the date of the first annual meeting of the Issuer's stockholders following June 10, 2026"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Weave Communications (WEAV) report for Harvey Stuart C. Jr?
Weave Communications reported that director Harvey Stuart C. Jr received 32,502 restricted stock units as an equity award, not an open-market purchase or sale. Each RSU converts into one share of common stock when it vests under the award’s terms.
How many Weave Communications RSUs were granted to the director in this Form 4?
The director was granted 32,502 restricted stock units in this filing. Each unit represents the right to receive one share of Weave Communications common stock upon vesting, effectively increasing his potential ownership if he remains eligible through the vesting date.
What is the vesting schedule for the 32,502 Weave Communications RSUs?
The 32,502 RSUs will vest in full on the earlier of June 10, 2027 or the date of the first annual stockholder meeting after June 10, 2026. Vesting must occur before shares of common stock are actually delivered to the director.
Did Harvey Stuart C. Jr pay for the Weave Communications RSUs reported on Form 4?
The RSUs were granted at a price of $0.00 per unit, meaning the director did not pay cash for the award. This reflects typical equity-based compensation for board service rather than an open-market investment transaction in Weave shares.
Is the Weave Communications RSU grant to the director exempt from short-swing profit rules?
Yes. The filing notes the RSU grant is exempt from Section 16(b) of the Exchange Act under Rule 16b-3(d). This rule generally allows approved equity compensation awards to insiders without triggering short-swing profit recovery provisions for the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.
