Form 4: Weave Communications CFO Alan Taylor Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Alan Taylor, CFO of Weave Communications, sold a portion of his holdings in company stock under a pre-arranged Rule 10b5-1 sales plan.
Summary
- On September 27, 2024, Alan Taylor, the Chief Financial Officer of Weave Communications, sold 305 shares of common stock at a price of $12.50 per share.
- Following this transaction, Taylor directly owns 451,137 shares of Weave Communications.
- On September 30, 2024, Alan Taylor sold 4,296 shares of common stock at a price of $13.05 per share.
- Following this transaction, Taylor directly owns 446,841 shares of Weave Communications.
- The sales were executed under a Rule 10b5-1 sales plan adopted on June 7, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and is a common occurrence for publicly traded companies.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| June 7, 2024 | Date the Reporting Person adopted a Rule 10b5-1 sales plan |
| September 27, 2024 | Date of first reported transaction: sale of 305 shares at $12.50 |
| September 30, 2024 | Date of second reported transaction: sale of 4,296 shares at $13.05 |
| October 01, 2024 | Date of signature for the Form 4 filing |
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