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

Tyler Newton, a director of Weave Communications, Inc., reports changes in his beneficial ownership of the company's common stock due to a pro-rata distribution by Catalyst Investors funds.

Summary

• On September 5, 2024, Tyler Newton, a director of Weave Communications, Inc., reported changes in his beneficial ownership of the company's common stock.
• The changes are due to a pro-rata distribution of 500,000 shares of Weave Communications' common stock by Catalyst Investors Partners IV, L.L.C. (CI LLC GP), Catalyst Investors IV, L.P. (CIIV Fund), and Catalyst Investors QP IV, L.P. (CIQP Fund) to their respective investors.
• Newton is a direct and/or indirect investor in these Catalyst Investors funds.
• After the distribution, the CIIV Fund holds 295,182 shares and the CIQP Fund holds 5,707,337 shares of Weave Communications' common stock.
• Newton directly holds 134,945 shares of the Issuer's Common Stock.
• Newton also holds 74,097 restricted stock units (RSUs), with 54,714 vested and the remaining 19,383 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 Weave Communications' common stock upon vesting.
• Prior to the reporting date, the CI Entities no longer beneficially hold in excess of 10% of the outstanding shares of the Issuer's Common Stock.

Sentiment

Score: 5

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

Positives

• The pro-rata distribution suggests a potential return of capital to investors in the Catalyst Investors funds.

Negatives

• The document does not explicitly state any negatives.

Risks

• The document does not explicitly state any risks.

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 insider ownership, which can influence investor sentiment.

Key Dates