Weave Communications CEO disposes of 2.49M shares
The merger converted each common share into a right to receive $7.40 in cash; options converted into rights to receive the excess of $7.40 over their exercise prices.
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Rhea-AI Filing Summary
Weave Communications, Inc. Chief Executive Officer and director Brett T. White disposed of 2,485,156 common shares and stock options covering 106,666 shares on October 26, 2026. Under the merger terms, each common share was canceled and converted into a right to receive $7.40 in cash; the options were canceled and converted into a right to receive the excess of $7.40 over the $4.3237 exercise price. His reported direct holdings after the transactions were zero.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Option (right to buy) F2, F3 | 106,666 | -- | -- |
| Disposition | Common Stock F1, F2 | 2,485,156 | -- | -- |
Footnotes (3)
- F1. Certain of these shares are represented by previously reported restricted stock units ("RSUs"), including the first tranche of RSUs subject to performance-based vesting. 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).
- 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
Effective Time technical
restricted stock units financial
FAQ
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What happened to Brett T. White's WEAV stock options in the merger?
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