Form 4: Weave Communications CEO Brett White Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Brett White disposed of 28,844 shares of Weave Communications to cover tax obligations related to the vesting of restricted stock units.
Summary
- On May 15, 2024, Brett T White, CEO of Weave Communications, disposed of 28,844 shares of common stock.
- The transaction was conducted to satisfy tax obligations related to the settlement of vested restricted stock units.
- The shares were withheld by the issuer at a price of $9.1 per share.
- Following the transaction, White directly owns 2,250,701 shares of Weave Communications.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (disposal of shares for tax obligations) and doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard practice and provide transparency into insider transactions, allowing investors to track the actions of company executives and directors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 05/16/2024 | Date of signature on the Form 4 filing. |
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