Wasatch Advisors holds 1.78M Weave (WEAV) shares in new 13G/A
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Wasatch Advisors filed an amended Schedule 13G reporting its beneficial ownership of Weave Communications Inc. common stock. The firm reports owning 1,778,401 shares, representing 2.3% of the class as of the reporting date.
Wasatch Advisors has sole voting power over 1,668,387 shares and sole dispositive power over the full 1,778,401 shares, with no shared voting or dispositive power. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Weave.
Positive
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FAQ
What does Wasatch Advisors’ Schedule 13G/A filing mean for Weave Communications (WEAV)?
The filing shows Wasatch Advisors beneficially owns 1,778,401 Weave shares, or 2.3% of the company. It characterizes the position as held in the ordinary course of business and not for influencing control, indicating a passive investment stance.
What percentage of Weave Communications (WEAV) does Wasatch Advisors hold?
Wasatch Advisors reports holding 2.3% of the outstanding class of Weave Communications common stock. This percentage is disclosed in the ownership section of the Schedule 13G/A and is below the 5% threshold that typically triggers more detailed reporting requirements.
Is Wasatch Advisors a passive investor in Weave Communications (WEAV)?
Yes. The certification states the securities were acquired and are held in the ordinary course of business, not for changing or influencing control of Weave. This language reflects a passive investment approach consistent with a Schedule 13G filing instead of a control-oriented 13D.
Why does the Weave Communications (WEAV) filing mention ownership of 5% or less?
Item 5 of the Schedule 13G/A indicates ownership of 5 percent or less of a class. With a reported stake of 2.3%, Wasatch Advisors confirms its holdings are below the 5% level that often signals larger, potentially more influential positions in a company.