Form 4: Catalyst Investors Distributes 500,000 Weave Communications Shares Pro-Rata
SEC Form 4
Catalyst Investors Partners IV, L.P. reports a pro-rata distribution of 500,000 shares of Weave Communications, Inc. common stock to its investors on August 13, 2024.
Summary
- Catalyst Investors Partners IV, L.P., along with related entities, filed a Form 4 detailing changes in beneficial ownership of Weave Communications, Inc. (WEAV) common stock.
- On August 13, 2024, the Reporting Persons distributed 500,000 shares of WEAV common stock to their respective investors on a pro-rata basis for no consideration.
- Following the distribution, Catalyst Investors IV, L.P. holds 370,587 shares, and Catalyst Investors QP IV, L.P. holds 7,131,932 shares of Weave Communications, Inc.'s Common Stock.
- The reported holdings include 74,097 restricted stock units (RSUs) granted to Tyler Newton, a member of Weave Communications' board of directors, with 54,714 RSUs vested and 19,383 RSUs vesting on the earlier of May 22, 2025, or the date of the first annual meeting of the Issuer's stockholders following May 22, 2024.
- Each RSU, upon vesting, is exchangeable for one share of Weave Communications, Inc.'s Common Stock.
Sentiment
Score: 6
Explanation: The document is a standard SEC filing related to stock distribution, indicating a neutral sentiment. It reflects routine investment management activities.
Industry Context
This filing reflects standard transactions related to investment fund management and distribution of assets to investors, common in the venture capital and private equity industries.
Stakeholder Impact
- The pro-rata distribution provides liquidity to the investors of Catalyst Investors.
- The distribution may have a minor impact on the trading volume and price of Weave Communications' stock.
Key Dates
| Date | Description |
|---|---|
| 08/13/2024 | Date of the pro-rata distribution of 500,000 shares of Weave Communications, Inc. common stock. |
| 08/15/2024 | Date of signature for the Form 4 filings by Catalyst Investors Partners IV, L.P., Catalyst Investors QP IV, L.P., Catalyst Investors IV, L.P., and Catalyst Investors Partners IV, L.L.C. |
| 05/22/2025 | Date on which the remaining 19,383 RSUs granted to Tyler Newton will vest, or the date of the first annual meeting of the Issuer's stockholders following May 22, 2024, whichever is earlier. |
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