Form 4: Catalyst Investors Distributes 500,000 Weave Communications Shares Pro-Rata to Investors

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 February 23, 2024.

Summary

• Catalyst Investors Partners IV, L.P., along with related entities, filed a Form 4 on February 27, 2024, regarding changes in beneficial ownership of Weave Communications, Inc. (WEAV) common stock.
• On February 23, 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 445,992 shares, and Catalyst Investors QP IV, L.P. holds 8,537,144 shares.
• The reported holdings include 54,714 restricted stock units (RSUs) granted to Tyler Newton, a member of Weave Communications' board of directors, with 30,358 RSUs vested and the remaining 24,356 RSUs vesting on the earlier of May 24, 2024, or the date of the first annual meeting of the Issuer's stockholders following May 24, 2023.
• Each RSU is exchangeable for one share of Weave Communications' common stock upon vesting.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing a distribution of shares. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by major shareholders, which is common in the investment management industry. It reflects the ongoing management of investment portfolios by Catalyst Investors.

Stakeholder Impact

• The pro-rata distribution of shares may have a minor impact on the shareholder base of Weave Communications.
• The distribution provides liquidity to Catalyst Investors' investors.

Key Dates