Form 4: Crosslink Capital Sells 10,550 Shares of Weave Communications

Crosslink Capital sold 10,550 shares of Weave Communications at an average price of $14.07 per share on November 27, 2024.

Summary

• Crosslink Capital Inc. sold 10,550 shares of Weave Communications common stock on November 27, 2024.
• The sale price averaged $14.07 per share, with individual transactions ranging from $13.99 to $14.25.
• Following the transaction, Crosslink Capital and related entities still indirectly beneficially own a significant number of Weave Communications shares.
• The total indirect beneficial ownership includes 7,191,943 shares held by certain funds, 717,603 shares held by a fund advised by CCM, and 65,404 shares held by a trust.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale, with no indication of positive or negative sentiment. It is a routine filing.

Management Comments

• The reporting persons disclaim beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interests therein.

Industry Context

This filing reflects a routine transaction by a major shareholder and investment advisor, which is common in the financial markets. It does not indicate any specific trend in the industry but rather a specific transaction by a specific entity.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders in publicly traded companies.
• The transaction is relatively small compared to the total holdings of Crosslink Capital and related entities, which is not unusual for such filings.
• Similar filings are made by other investment firms and individuals who hold significant positions in public companies.

Stakeholder Impact

• The sale of shares may have a minor impact on the stock price, but the overall impact is likely to be minimal given the relatively small volume of shares sold compared to the total shares outstanding.
• The transaction does not appear to have any significant impact on other stakeholders such as employees, customers, or suppliers.

Key Dates

Keywords

Crosslink Capital, Weave Communications, stock sale, beneficial ownership, SEC Form 4, investment adviser, share transaction