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

Tyler Newton, a director at Weave Communications, Inc., reports a pro rata distribution of common stock and adjustments to holdings, including restricted stock units.

Summary

• On November 4, 2024, Tyler Newton, a director of Weave Communications, Inc., reported changes in beneficial ownership of the company's stock.
• These changes include a pro rata distribution of 25,354 and 474,646 shares of common stock for no consideration.
• Newton directly holds 149,237 shares of Weave Communications' common stock as a result of the pro rata distribution.
• Newton also holds 74,097 restricted stock units (RSUs), with 54,714 RSUs vested and the remaining 19,383 RSUs vesting on the earlier of May 22, 2025, or the date of the first annual meeting of the Issuer's stockholders following May 22, 2024.
• Each RSU is exchangeable for one share of the Issuer's common stock upon vesting.
• Newton's reported beneficial ownership includes indirect holdings through Catalyst Investors IV, L.P. (CIIV Fund) and Catalyst Investors QP IV, L.P. (CIQP Fund).
• Newton's interest in the Issuer's securities is limited to the extent of his pecuniary interest in such securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in stock ownership, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The pro rata distribution of shares may have a minor impact on existing shareholders due to the change in ownership structure.
• The vesting of restricted stock units could potentially dilute existing shareholders' equity over time.

Key Dates