Form 4: Weave Communications CFO Alan Taylor Reports Tax-Related Stock Transaction
SEC Form 4 Filing
Alan Taylor, CFO of Weave Communications, reports a transaction where shares were withheld to cover tax obligations related to vested restricted stock units.
Summary
- On May 10, 2024, Alan Taylor, the Chief Financial Officer of Weave Communications, Inc. (WEAV), reported a transaction on Form 4.
- The transaction involved the withholding of 700 shares of Weave Communications' common stock by the issuer to satisfy tax obligations.
- This withholding was related to the acquisition of shares from the settlement of vested restricted stock units.
- The price per share for the transaction was $8.88.
- Following the transaction, Taylor beneficially owns 560,026 shares of Weave Communications' common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating standard compensation practices. It doesn't suggest any significant positive or negative sentiment, but transparency is generally viewed favorably.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 05/10/2024 | Date of the reported transaction. |
| 05/13/2024 | Date of signature on the Form 4 filing. |
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