Form 4: Weave Communications CFO Alan Taylor Sells Shares Under 10b5-1 Plan
SEC Form 4
Alan Taylor, CFO of Weave Communications, sold 13,295 shares of common stock at an average price of $11.03 on September 17, 2024, under a pre-arranged Rule 10b5-1 sales plan.
Summary
- On September 17, 2024, Alan Taylor, the Chief Financial Officer of Weave Communications, sold 13,295 shares of the company's common stock.
- The sale was executed at an average price of $11.03 per share.
- The transaction was conducted under a Rule 10b5-1 sales plan adopted on June 7, 2024.
- Following the transaction, Taylor directly owns 475,941 shares of Weave Communications stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It is common for executives to sell shares under 10b5-1 plans to avoid accusations of insider trading.
Stakeholder Impact
- The stock sale may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| June 7, 2024 | Date the Reporting Person adopted the Rule 10b5-1 sales plan |
| September 17, 2024 | Date of the stock sale transaction |
| September 19, 2024 | Date of the Form 4 filing |
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