Form 4: Weave Communications CFO Alan Taylor Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Alan Taylor, CFO of Weave Communications, reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units and shares acquired under the employee stock purchase plan.
Summary
- On March 12, 2024, Alan Taylor, the Chief Financial Officer of Weave Communications, reported a transaction on Form 4.
- The transaction involved the withholding of 784 shares of Weave Communications' common stock to satisfy tax obligations related to the settlement of vested restricted stock units.
- The price per share for the transaction was $11.96.
- Following the transaction, Taylor beneficially owns 479,674 shares of Weave Communications' common stock, which includes 429 shares acquired under the company's employee stock purchase plan on February 15, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax obligations, which is a normal part of equity compensation.
Key Dates
| Date | Description |
|---|---|
| February 15, 2024 | Alan Taylor acquired 429 shares under the Issuer's employee stock purchase plan (the 'ESPP'). |
| March 12, 2024 | Date of the transaction involving the withholding of shares for tax obligations. |
| March 13, 2024 | Date of signature for the Form 4 filing. |
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