Form 4: Weave Communications CEO Brett White Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Brett White disposed of shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On August 15, 2024, Brett T White, CEO of Weave Communications, Inc., disposed of 28,844 shares of common stock to satisfy tax obligations.
- The shares were withheld by the issuer in an exempt transaction pursuant to Rule 16b-3(e).
- The transaction price was $10.83 per share.
- Following the transaction, White directly owns 2,134,070 shares of Weave Communications, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a transaction to cover tax obligations, which is a common occurrence.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like CEOs, buy or sell their company's stock. These filings provide transparency into the transactions of those with access to inside information.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/15/2024 | Date of transaction: CEO disposed of shares to cover tax obligations. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
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