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

Tyler Newton, a director and 10% owner of Weave Communications, Inc., reports a pro-rata distribution of common stock by Catalyst Investors funds, resulting in changes to his direct and indirect ownership.

Summary

• Tyler Newton, a director and 10% owner of Weave Communications, Inc. (WEAV), filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• 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 7, 2024.
• Newton is a direct/indirect investor in Catalyst Investors Partners IV, L.L.C., Catalyst Investors IV, L.P., and Catalyst Investors QP IV, L.P.
• After the distribution, Newton directly holds 78,014 shares and indirectly holds 8,002,519 shares through the Catalyst Investors funds.
• The indirect holdings include 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 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.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders and large shareholders. This filing indicates changes in ownership due to a distribution of shares from investment funds, which is a common occurrence.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the ownership structure of the company.
• The pro-rata distribution may have a minor impact on the stock price due to the increased number of shares in the market.

Key Dates