Form 4: Weave Communications Chief Legal Officer Sells 15,000 Shares

Erin Goodsell, Chief Legal Officer of Weave Communications, sold 15,000 shares of common stock at an average price of $13.86 per share.

Summary

• Erin Goodsell, the Chief Legal Officer of Weave Communications, sold 15,000 shares of the company's common stock on November 20, 2024.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 16, 2024.
• The shares were sold at a volume-weighted average price of $13.86, with individual prices ranging from $13.53 to $14.01.
• Following the transaction, Goodsell directly owns 596,184 shares of Weave Communications stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It does not suggest any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares under pre-arranged trading plans.

Comparison to Industry Standards

• Rule 10b5-1 trading plans are a common practice among corporate executives to avoid accusations of insider trading.
• The sale of 15,000 shares is not unusual for an executive of a company of Weave Communications' size.
• The price range of $13.53 to $14.01 is within a normal range for a stock sale of this type.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on investor sentiment, but is unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

Weave Communications, insider trading, stock sale, Rule 10b5-1, Erin Goodsell, Chief Legal Officer, equity securities