Form 4: Crosslink Capital Sells 15,000 Shares of Weave Communications

Crosslink Capital sold 15,000 shares of Weave Communications at an average price of $14.04 per share on November 13, 2024.

Summary

• Crosslink Capital Inc. sold 15,000 shares of Weave Communications common stock on November 13, 2024.
• The shares were sold at a weighted average price of $14.04, with individual transactions ranging from $13.87 to $14.13.
• Following the transaction, Crosslink Capital and related entities indirectly beneficially own 7,840,955 shares of Weave Communications.
• The reporting persons include Crosslink Capital, Crosslink Capital Management, LLC, and Michael J. Stark.
• Crosslink and CCM are investment advisors to certain private investment funds and may be considered a group under SEC rules.

Sentiment

Score: 5

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

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 of Weave Communications. Such transactions are common and provide insight into the investment decisions of significant stakeholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders of publicly traded companies.
• The transaction is within the normal range of trading activity for institutional investors.
• Similar filings are made by other investment firms and individuals holding significant stakes in public companies.

Stakeholder Impact

• The sale of shares may have a minor impact on the stock price of Weave Communications.
• The transaction provides transparency to shareholders regarding the trading activity of major stakeholders.

Key Dates

Keywords

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