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

Catalyst Investors Partners IV, L.P. distributed 500,000 shares of Weave Communications, Inc. common stock to its investors on a pro-rata basis on August 7, 2024.

Summary

• On August 7, 2024, Catalyst Investors Partners IV, L.P. distributed 500,000 shares of Weave Communications, Inc. (WEAV) common stock to its investors on a pro-rata basis.
• The distribution was made for no consideration.
• After the distribution, Catalyst Investors IV, L.P. holds 395,722 shares, and Catalyst Investors QP IV, L.P. holds 7,606,797 shares of Weave Communications, Inc.'s common stock.
• These holdings include 74,097 restricted stock units (RSUs) granted to Tyler Newton, a member of Weave Communications' board of directors and an investor in Catalyst Investors funds.
• 54,714 of these RSUs have vested, with the remaining 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 is exchangeable for one share of Weave Communications, Inc. common stock upon vesting.

Sentiment

Score: 6

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

Industry Context

This Form 4 filing reflects changes in beneficial ownership of Weave Communications, Inc. shares by a major shareholder, Catalyst Investors. Such filings are standard practice and provide transparency to the market regarding significant ownership changes.

Stakeholder Impact

• The distribution of shares may have a minor impact on the short-term trading volume of Weave Communications, Inc. stock.
• The pro-rata distribution provides liquidity to the investors of Catalyst Investors Partners IV, L.P.

Key Dates