Form 4: Catalyst Investors Partners IV, L.P. Distributes 500,000 Shares of Weave Communications, Inc. (WEAV) Common Stock

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 March 7, 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 March 7, 2024, the Reporting Persons distributed 500,000 shares of WEAV common stock to their respective investors on a pro-rata basis for no consideration.
• After the distribution, the CIIV Fund holds 420,857 shares, and the CIQP Fund holds 8,062,279 shares of WEAV common stock.
• These holdings include 54,714 restricted stock units (RSUs) granted to Tyler Newton, a member of Weave Communications' board of directors and an investor in the Reporting Persons.
• Of the RSUs, 30,358 have vested, and the remaining 24,356 will vest 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 WEAV common stock upon vesting.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock distribution, which is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders and major shareholders.

Stakeholder Impact

• The pro-rata distribution of shares may have a minor impact on the shareholder base of Weave Communications, Inc.

Key Dates