Form 4: Weave Communications CEO Brett White Sells Shares to Cover Taxes
SEC Form 4
CEO Brett White sold 29,137 shares of Weave Communications stock on May 16, 2025, to cover taxes due upon the release and settlement of restricted stock units.
Summary
- On May 16, 2025, Brett T White, the CEO of Weave Communications, sold 29,137 shares of common stock at a price of $10.786 per share.
- The transaction was executed to cover taxes due upon the release and settlement of restricted stock units.
- Following the transaction, White directly owns 2,057,247 shares of Weave Communications.
- The sale was reported on May 20, 2025.
Sentiment
Score: 5
Explanation: Neutral. This is a standard transaction for covering tax obligations related to stock compensation.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of transaction: CEO Brett White sold 29,137 shares of Weave Communications stock. |
| 05/20/2025 | Date of report filing. |
Keywords
Weave Communications, Brett White, stock sale, Form 4, SEC, restricted stock units, taxes, insider trading
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