SCHEDULE: FMR LLC, Abigail Johnson Boost Stake in Weave Communications

FMR LLC and Abigail P. Johnson reported a 12.5% beneficial ownership stake in Weave Communications Inc. common stock as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 9,630,120.40 shares of Weave Communications Inc. common stock.
• This aggregate amount represents 12.5% of the total outstanding common stock of Weave Communications Inc.
• The shares were acquired and are held in the ordinary course of business, with no intent to change or influence the control of the issuer.
• FMR LLC holds sole voting power over 9,627,220.00 shares and sole dispositive power over 9,630,120.40 shares.
• Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC, and a predominant owner of FMR LLC's voting shares, is deemed to beneficially own the same aggregate amount of shares.
• Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive institutional investment by a reputable firm, which is generally a positive signal for the company's stability and perceived value. No negative information is presented.

Positives

• A significant institutional investor, FMR LLC, and its principal, Abigail P. Johnson, have a substantial 12.5% stake, indicating confidence in Weave Communications Inc.'s long-term prospects.
• The filing explicitly states the shares are held in the ordinary course of business, suggesting a passive, long-term investment rather than an activist intent to influence company control.

Risks

• No specific risks related to Weave Communications Inc. are disclosed in this beneficial ownership filing, which focuses solely on ownership structure.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance from Weave Communications Inc. or the reporting persons regarding the issuer's future performance.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing indicates a significant passive investment by a major asset manager in Weave Communications Inc., a company likely operating in the communication software or SaaS sector. Such an investment by FMR LLC, a prominent institutional investor, can be seen as a vote of confidence in the company's long-term prospects within its industry, potentially attracting attention from other institutional investors.

Comparison to Industry Standards

• A 12.5% stake by a major institutional investor like FMR LLC is a substantial position, often signaling a strong conviction in the company's value proposition or growth potential. While specific comparable companies or projects are not mentioned in the filing, such a stake is generally considered a significant endorsement in the context of publicly traded technology or communication companies.
• The passive nature of the investment, as certified by FMR LLC, aligns with typical institutional investment strategies for long-term portfolio holdings, contrasting with activist stakes that often involve intentions to influence management or corporate strategy.

Stakeholder Impact

• Shareholders: The significant stake by FMR LLC and Abigail P. Johnson may instill confidence among existing shareholders and attract new investors, potentially stabilizing or positively influencing the stock price.
• Management: The passive nature of the investment suggests no immediate pressure or intent to influence management decisions, allowing the current leadership to continue executing its strategy.

Next Steps

• Weave Communications Inc. will continue its operations.
• FMR LLC and Abigail P. Johnson will continue to hold their investment in Weave Communications Inc. common stock.
• Future Schedule 13G/A filings will be made if there are material changes to their beneficial ownership (e.g., crossing a 1% threshold up or down, or changing intent).

Key Dates

Recommendation

This Schedule 13G filing indicates a significant, passive stake by FMR LLC and Abigail P. Johnson in Weave Communications Inc. While a large institutional investment can be a positive signal, the filing itself does not provide new operational or financial performance data to warrant a 'buy' or 'sell' recommendation. It primarily confirms a substantial, long-term holding by a reputable investor. Therefore, a 'hold' recommendation is appropriate, pending further fundamental analysis of Weave Communications Inc.'s financial performance and strategic outlook.

Keywords

Weave Communications Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Stake, Fidelity