Weave Communications (NYSE: WEAV) gets updated 5.6% stake disclosure from Crosslink

Rhea-AI Filing Summary

Crosslink Capital and affiliates updated their ownership disclosure for Weave Communications. In this Schedule 13D/A Amendment No. 4, Crosslink Capital, Inc., Crosslink Capital Management, LLC and Michael J. Stark report that they collectively beneficially own 4,402,482 shares of Weave Communications common stock, representing 5.6% of the company’s outstanding shares based on 78,025,757 shares outstanding as of November 3, 2025.

The filing explains how voting and dispositive power is allocated among the reporting persons and details recent activity. On December 3, 2025, Crosslink-managed funds made pro rata in-kind distributions of 3,054,712 shares to their limited partners and general partner, with the general partner receiving 610,942 shares. On December 4, 2025, another fund distributed 226,568 shares in kind to its members, including 90,220 shares received by Michael J. Stark. On December 5, 2025, a fund sold 160,000 shares in open market transactions at prices ranging from $6.30 to $6.60 per share, with a weighted average sales price of $6.47 per share.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

WEAVE COMMUNICATIONS, INC.

(Name of Issuer)

Common Stock, $0.00001 par value per share

(Title of Class of Securities)

94724R108

(CUSIP Number)

Maureen Offer
c/o Crosslink Capital, Inc., 2180 Sand Hill Road, Suite 200
Menlo Park, CA, 94025
(415) 617-1800

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

12/03/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 94724R108

1

Name of reporting person

Crosslink Capital, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,529,255.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,529,255.00

11

Aggregate amount beneficially owned by each reporting person

3,529,255.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.5 %

14

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13D

CUSIP No. 94724R108

1

Name of reporting person

Crosslink Capital Management, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 717,603.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 717,603.00

11

Aggregate amount beneficially owned by each reporting person

717,603.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.9 %

14

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13D

CUSIP No. 94724R108

1

Name of reporting person

Michael J. Stark

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 155,624.00
8	Shared Voting Power 3,529,255.00
9	Sole Dispositive Power 155,624.00
10	Shared Dispositive Power 3,529,255.00

11

Aggregate amount beneficially owned by each reporting person

3,684,879.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.7 %

14

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.00001 par value per share
(b)	Name of Issuer: WEAVE COMMUNICATIONS, INC.
(c)	Address of Issuer's Principal Executive Offices: 1331 W POWELL WAY, LEHI, UTAH , 84043.
Item 1 Comment: This Amendment No. 4 (this "Amendment No. 4" or this "Schedule 13D/A") amends and supplements the statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "SEC") on November 22, 2021, and amended on November 4, 2024, November 27, 2024 and December 9, 2024 (as amended, the "Statement") by Crosslink Capital, Inc., Crosslink Capital Management, LLC, Crosslink Ventures VII Holdings, L.L.C. and Michael J. Stark. Unless otherwise defined herein, capitalized terms used in this Amendment No. 4 shall have the meanings ascribed to them in the Statement. Unless amended or supplemented below, the information in the Statement remains unchanged.
Item 2.	Identity and Background
(a)	This Schedule 13D/A is being filed on behalf of Crosslink Capital, Inc. ("Crosslink"), Crosslink Capital Management, LLC ("CCM") and Michael J. Stark ("Mr. Stark"). Crosslink, CCM and Mr. Stark are collectively referred to herein as the "Reporting Persons." The Reporting Persons are filing this report jointly, but not as a group. Crosslink and CCM are related entities and may constitute a group within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934. Mr. Stark expressly disclaims membership in a group.
(b)	The address of the principal business office of each of the Reporting Persons is 2180 Sand Hill Road, Suite 200, Menlo Park, CA 94025.
(c)	Crosslink and CCM are investment advisers to private investment funds (collectively, the "Funds"). Mr. Stark is the control person of Crosslink.
(d)	During the last five years, none of the Reporting Persons has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	During the last five years, none of the Reporting Persons has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree of final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	Each of Crosslink and CCM was organized in the state of Delaware and Mr. Stark is a citizen of the United States.
Item 5.	Interest in Securities of the Issuer
(a)	Rows 11 and 13 of each Reporting Person's cover page to this Schedule 13D/A set forth the aggregate number of shares of common stock and percentages of the shares of common stock beneficially owned by such Reporting Person and are incorporated by reference. The percentage set forth in each row 13 is based upon 78,025,757 shares of common stock outstanding as of November 3, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on November 6, 2025. Collectively, the Reporting Persons beneficially own an aggregate of 4,402,482 shares of common stock, which represents 5.6% of the Issuer's outstanding common stock.
(b)	Rows 7 through 10 of each Reporting Person's cover page to this Schedule 13D/A set forth the number of shares of common stock as to which such Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition and are incorporated by reference.
(c)	Except as set forth below, none of the Reporting Persons has effected any transactions with respect to the securities of the Issuer during the past sixty days. On December 3, 2025, the Funds made pro rata in-kind distributions for no additional consideration of an aggregate of 3,054,712 shares of common stock to their limited partners and general partner. Of the shares distributed by such Funds, the general partner received 610,942 shares, which shares are included in the shares beneficially owned by Crosslink, as reported herein. On December 4, 2025, a Fund made a pro rata in-kind distribution for no additional consideration of 226,568 shares of common stock to its members. Of the shares distributed by such Fund, Mr. Stark received 90,220 shares. On December 5, 2025, a Fund sold an aggregate of 160,000 shares of common stock in open market transactions at prices ranging from $6.30 to $6.60 (weighted average sales price of $6.47 per share).
(d)	No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the securities beneficially owned by any of the Reporting Persons.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.1 Joint Filing Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Crosslink Capital, Inc.

Signature:	/s/ Maureen Offer
Name/Title:	Maureen Offer, Chief Financial Officer
Date:	12/05/2025

Crosslink Capital Management, LLC

Signature:	/s/ Maureen Offer
Name/Title:	Maureen Offer, Chief Financial Officer
Date:	12/05/2025

Michael J. Stark

Signature:	/s/ Michael J. Stark
Name/Title:	Michael J. Stark
Date:	12/05/2025

FAQ

What does the latest Schedule 13D/A filing reveal about Crosslink’s ownership in WEAV?

The filing shows that Crosslink Capital, Crosslink Capital Management and Michael J. Stark collectively beneficially own 4,402,482 shares of Weave Communications common stock, representing 5.6% of the company’s outstanding shares based on 78,025,757 shares outstanding as of November 3, 2025.

How many Weave Communications (WEAV) shares does each reporting person beneficially own?

Crosslink Capital, Inc. reports beneficial ownership of 3,529,255 shares (4.5% of the class). Crosslink Capital Management, LLC reports 717,603 shares (0.9%). Michael J. Stark reports an aggregate of 3,684,879 shares (4.7%), including both sole and shared voting and dispositive power.

What recent share distributions involving WEAV did Crosslink-related funds make?

On December 3, 2025, Crosslink-managed funds made pro rata in-kind distributions of an aggregate 3,054,712 shares of Weave common stock to their limited partners and general partner, with the general partner receiving 610,942 shares. On December 4, 2025, a fund distributed 226,568 shares in kind to its members, and Michael J. Stark received 90,220 of those shares.

Did Crosslink or its funds sell any Weave Communications (WEAV) shares recently?

Yes. On December 5, 2025, a Crosslink-managed fund sold an aggregate of 160,000 shares of Weave common stock in open market transactions at prices ranging from $6.30 to $6.60 per share, with a reported weighted average sales price of $6.47 per share.

How is control over WEAV shares allocated among the reporting persons?

The filing states that Crosslink Capital, Inc. has shared voting and dispositive power over 3,529,255 shares, while Crosslink Capital Management, LLC has shared voting and dispositive power over 717,603 shares. Michael J. Stark has sole voting and dispositive power over 155,624 shares and shared voting and dispositive power over 3,529,255 shares.

Are the reporting persons on this WEAV Schedule 13D/A filing acting as a group?

The report states that Crosslink and Crosslink Capital Management are related entities and may constitute a group within the meaning of Rule 13d-5(b). It also notes that Michael J. Stark expressly disclaims membership in a group, though the reporting persons are filing the report jointly.

What is the nature of Crosslink’s business relationship to WEAV shares?

The filing explains that Crosslink and Crosslink Capital Management are investment advisers to private investment funds that hold Weave Communications common stock. Michael J. Stark is identified as the control person of Crosslink, which underpins his reported beneficial ownership.