SCHEDULE 13G/A: Pelion Ventures and Blake G. Modersitzki Disclose 5.4% Stake in Weave Communications, Inc.

Pelion Ventures and its affiliated entities, including Managing Member Blake G. Modersitzki, have filed an amended Schedule 13G disclosing a combined beneficial ownership of 5.4% of Weave Communications, Inc. common stock as of December 31, 2024.

Summary

• Pelion Ventures VI, L.P. reported beneficial ownership of 2,953,871 shares, representing 4.1% of Weave Communications, Inc. common stock.
• Pelion Ventures VI-A, L.P. reported beneficial ownership of 201,975 shares, representing 0.3% of the common stock.
• Pelion Venture Partners VI, L.L.C., as the general partner for Fund VI and Fund VI-A, reported shared voting and dispositive power over 3,155,846 shares, representing 4.3% of the common stock.
• Pelion Ventures VII L.P. reported beneficial ownership of 530,529 shares, representing 0.7% of the common stock.
• Pelion Ventures VII-A, L.P. reported beneficial ownership of 109,323 shares, representing 0.2% of the common stock.
• Pelion Ventures VII-Entrepreneurs Fund, L.P. reported beneficial ownership of 59,592 shares, representing 0.1% of the common stock.
• Pelion Venture Partners VII, L.L.C., as the general partner for Fund VII, Fund VII-A, and Fund VII-E, reported shared voting and dispositive power over 699,444 shares, representing 1.0% of the common stock.
• Blake G. Modersitzki, as the Managing Member of both Pelion Venture Partners VI, L.L.C. and Pelion Venture Partners VII, L.L.C., reported aggregate beneficial ownership of 3,947,004 shares, representing 5.4% of the common stock.
• The beneficial ownership percentages are calculated based on 72,771,106 shares of Weave Communications, Inc. common stock outstanding as of November 1, 2024, as reported in the Issuer's Form 10-Q filed on November 8, 2024.
• The reporting persons expressly disclaim status as a 'group' for purposes of this Schedule 13G.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by a venture capital firm and its managing member, indicating their continued significant stake in Weave Communications, Inc. It does not provide specific insights into broader industry trends or competitive positioning beyond the ownership structure.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional and individual ownership stakes, which can influence perceptions of stability and long-term commitment from key investors.

Key Dates

Keywords

Weave Communications Inc., Pelion Ventures, Blake G. Modersitzki, Schedule 13G/A, Beneficial Ownership, Common Stock, SEC Filing, Venture Capital, Institutional Ownership