Form 4: Tyler Newton Reports Changes in Beneficial Ownership of Weave Communications, Inc. Shares

Tyler Newton, a director and 10% owner of Weave Communications, Inc., reports changes in beneficial ownership due to a pro-rata distribution of shares by Catalyst Investors funds.

Summary

• Tyler Newton, a director and significant shareholder of Weave Communications, Inc. (WEAV), filed a Form 4 detailing changes in his beneficial ownership.
• The changes are due to a pro-rata distribution of 500,000 shares of WEAV common stock by Catalyst Investors funds to their respective investors on August 13, 2024.
• Newton directly holds 92,107 shares and indirectly holds 7,580,533 shares through his involvement with Catalyst Investors Partners IV, L.L.C., Catalyst Investors IV, L.P., and Catalyst Investors QP IV, L.P.
• These funds collectively hold 7,502,519 shares of Weave Communications.
• Newton also holds 74,097 restricted stock units (RSUs), with 54,714 vested and the remaining 19,383 vesting by May 22, 2025, or the date of the first annual meeting of stockholders following May 22, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to the market.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a director and significant shareholder.
• This filing provides transparency regarding the holdings of Catalyst Investors funds.

Key Dates