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 of common stock due to a pro-rata distribution.

Summary

• Tyler Newton, a director and 10% owner of Weave Communications, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The changes are due to a pro-rata distribution of 500,000 shares of Weave Communications' common stock by Catalyst Investors funds to their respective investors on March 7, 2024.
• Following the distribution, Newton directly holds 63,877 shares and indirectly holds 8,483,136 shares.
• Newton also holds 54,714 restricted stock units (RSUs), with 30,358 vested and the remaining 24,356 vesting on the earlier of May 24, 2024, or the date of the first annual meeting of the Issuer's stockholders following May 24, 2023.
• Each RSU is exchangeable for one share of Weave Communications' common stock upon vesting.

Sentiment

Score: 5

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

Industry Context

This filing is a routine disclosure related to changes in ownership by a company insider and major shareholder. It provides transparency to the market regarding the holdings of key individuals and entities associated with Weave Communications.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a major shareholder.
• The filing provides transparency regarding insider activity.

Key Dates