SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 13.4% Passive Stake in Weave Communications Inc.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting a passive beneficial ownership of 13.4% of Weave Communications Inc.'s common stock as of February 28, 2025.
Summary
- FMR LLC and Abigail P. Johnson are the reporting persons in this Schedule 13G filing.
- They collectively beneficially own 9,739,917.44 shares of WEAVE COMMUNICATIONS INC Common Stock.
- This ownership represents 13.4% of the total outstanding class of securities.
- The shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing the control of Weave Communications Inc.
- FMR LLC holds sole voting power over 9,737,515.00 shares and sole dispositive power over 9,739,917.44 shares.
- Abigail P. Johnson holds sole dispositive power over 9,739,917.44 shares, but no sole or shared voting power.
- FMR LLC is classified as a parent holding company or control person, with subsidiaries including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC identified as relevant entities.
- Abigail P. Johnson is a Director, Chairman, and Chief Executive Officer of FMR LLC, and is part of the Johnson family, who are predominant owners of FMR LLC's Series B voting common shares.
Sentiment
Score: 5
Explanation: The document is a standard Schedule 13G filing, which is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. The acquisition is stated to be for passive investment purposes.
Positives
- FMR LLC, a major institutional investor, and Abigail P. Johnson, a prominent figure in the financial industry, have disclosed a significant 13.4% stake in Weave Communications Inc., potentially signaling confidence in the company's long-term prospects.
Future Outlook
NA
Management Comments
- The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Weave Communications Inc.
Industry Context
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant 13.4% passive stake by FMR LLC and Abigail P. Johnson may be viewed positively by other shareholders, indicating institutional confidence in Weave Communications Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2025-02-28 | Date of event which requires filing of this statement, representing the reporting date for beneficial ownership. |
| 2025-03-06 | Filing date of the Schedule 13G statement. |
Keywords
WEAVE COMMUNICATIONS INC, Common Stock, Schedule 13G, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Institutional Investor, Passive Investment, SEC Filing
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