Form 4: Weave Communications CEO Brett White Sells Shares to Cover Taxes
SEC Form 4 Filing
CEO Brett White sold 109,722 shares of Weave Communications, Inc. common stock on March 17, 2025, to cover taxes due upon the release and settlement of restricted stock units.
Summary
- On March 17, 2025, Brett T White, the CEO of Weave Communications, Inc., sold 109,722 shares of common stock.
- The sale was executed at a price of $11.258 per share.
- The purpose of the sale was to cover taxes due upon the release and settlement of restricted stock units.
- Following the transaction, White directly owns 1,790,435 shares of Weave Communications, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction to cover tax obligations.
Industry Context
This is a routine transaction for executives to cover tax obligations related to stock-based compensation. It doesn't necessarily indicate a change in the executive's confidence in the company.
Stakeholder Impact
- The sale could have a minor, temporary impact on the stock price due to the increased supply of shares.
Key Dates
| Date | Description |
|---|---|
| 03/17/2025 | Date of stock sale transaction. |
| 03/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Weave Communications, Brett White, stock sale, restricted stock units, tax obligations, insider trading
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