SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 14.4% Stake in Weave Communications Inc.
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly filed an amended Schedule 13G, revealing a beneficial ownership of 14.4% in Weave Communications Inc.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 10,675,097.63 shares of WEAVE COMMUNICATIONS INC common stock.
- This aggregate ownership represents 14.4% of the total outstanding common stock of Weave Communications Inc.
- FMR LLC holds sole voting power over 10,672,694.00 shares and sole dispositive power over 10,675,097.63 shares.
- Abigail P. Johnson holds sole dispositive power over 10,675,097.63 shares, with no sole or shared voting power.
- 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 is classified as a parent holding company, and Abigail P. Johnson is classified as an individual reporting person.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, FIAM LLC, Fidelity Institutional Asset Management Trust Company, and Strategic Advisers LLC, are identified as entities beneficially owning shares, with Fidelity Management & Research Company LLC owning 5% or greater.
Sentiment
Score: 7
Explanation: The disclosure of a significant 14.4% stake by a major institutional investor like FMR LLC, explicitly stating the shares are held in the ordinary course of business and not for control, generally signals confidence in the issuer, which can be perceived as a positive indicator for the market.
Industry Context
This filing indicates a significant passive investment by a major asset management firm, FMR LLC (Fidelity), in Weave Communications Inc. Such a substantial stake by a prominent institutional investor can be viewed as a vote of confidence in the company's long-term prospects within the communication software and business solutions industry.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holding by FMR LLC may influence market perception and investor confidence in Weave Communications Inc.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 01/26/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 03/31/2025 | Date of event which required the filing of this statement (ownership threshold met). |
| 05/09/2025 | Date of filing and signing of the Schedule 13G statement. |
Keywords
Weave Communications Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.