Form 4: Crosslink Capital Sells 60,000 Shares of Weave Communications

Crosslink Capital sold 60,000 shares of Weave Communications at an average price of $14.29 per share on November 8, 2024.

Summary

• Crosslink Capital Inc. sold 60,000 shares of Weave Communications (WEAV) common stock on November 8, 2024.
• The sale was executed at a weighted average price of $14.29 per share, with individual transactions ranging from $14.11 to $14.50.
• Following the transaction, Crosslink Capital and related entities indirectly beneficially own 7,855,955 shares of Weave Communications.
• The reporting persons include Crosslink Capital, CCM, and Michael J. Stark, who are filing jointly but not as a group.
• Crosslink Capital is the investment advisor to certain funds that hold these securities.

Sentiment

Score: 5

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

Industry Context

This transaction is a routine disclosure of insider trading activity, which is common in the financial markets. It provides transparency into the trading activities of major shareholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders in publicly traded companies.
• The sale of 60,000 shares is not unusual for a firm like Crosslink Capital, which manages large investment portfolios.
• The price range of $14.11 to $14.50 is within the typical trading range for Weave Communications stock.

Stakeholder Impact

• The sale of shares by Crosslink Capital may have a minor impact on the stock price of Weave Communications.

Key Dates

Keywords

Crosslink Capital, Weave Communications, stock sale, insider trading, SEC Form 4, share transaction, investment adviser