SCHEDULE 13G/A: Pelion Ventures and Blake Modersitzki Update Beneficial Ownership in Weave Communications

Pelion Ventures entities and Blake G. Modersitzki have filed an amended Schedule 13G, updating their beneficial ownership in Weave Communications, Inc. as of March 31, 2025.

Summary

• Pelion Ventures VI, L.P. beneficially owns 2,620,112 shares of Weave Communications, Inc. common stock, representing 3.5% of the class.
• Pelion Ventures VI-A, L.P. beneficially owns 179,153 shares of Weave Communications, Inc. common stock, representing 0.2% of the class.
• Pelion Venture Partners VI, L.L.C., as the general partner for Pelion Ventures VI, L.P. and Pelion Ventures VI-A, L.P., shares voting and investment authority over an aggregate of 2,799,265 shares, representing 3.7% of the class.
• Pelion Ventures VII L.P. beneficially owns 530,529 shares of Weave Communications, Inc. common stock, representing 0.7% of the class.
• Pelion Ventures VII-A, L.P. beneficially owns 109,323 shares of Weave Communications, Inc. common stock, representing 0.1% of the class.
• Pelion Ventures VII-Entrepreneurs Fund, L.P. beneficially owns 59,592 shares of Weave Communications, Inc. common stock, representing 0.1% of the class.
• Pelion Venture Partners VII, L.L.C., as the general partner for Pelion Ventures VII L.P., Pelion Ventures VII-A, L.P., and Pelion Ventures VII-Entrepreneurs Fund, L.P., shares voting and investment authority over an aggregate of 699,444 shares, representing 0.9% of the class.
• Blake G. Modersitzki beneficially owns a total of 3,609,806 shares, representing 4.8% of Weave Communications, Inc. common stock. This includes 111,097 shares with sole voting and dispositive power, 3,498,709 shares with shared voting and dispositive power, and 19,383 shares issuable upon vesting of restricted stock units within 60 days of March 31, 2025.
• The beneficial ownership percentages are calculated based on 74,900,258 shares of common stock outstanding as of March 24, 2025, as reported in the Issuer's Definitive Proxy Statement, plus the 19,383 shares issuable to Mr. Modersitzki.
• The Reporting Persons explicitly disclaim status as a 'group' for purposes of this Schedule 13G.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate positive or negative sentiment regarding the company's performance or prospects.

Future Outlook

NA

Industry Context

This Schedule 13G filing indicates the continued significant passive investment by Pelion Ventures, a venture capital firm, and its managing member, Blake G. Modersitzki, in Weave Communications, Inc. Such filings are standard disclosures for institutional investors whose beneficial ownership crosses certain thresholds, reflecting their ongoing stake in publicly traded companies, often stemming from earlier private investments.

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., WEAV, SEC filing, Schedule 13G, beneficial ownership, Pelion Ventures, Blake G. Modersitzki, venture capital, institutional ownership, common stock