Form 4: Weave Communications' Chief Legal Officer Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Erin Goodsell, Chief Legal Officer & Corp. Sec of Weave Communications, sold 16,528 shares of common stock on August 19 and 20, 2024, under a pre-arranged Rule 10b5-1 sales plan.
Summary
- Erin Goodsell, the Chief Legal Officer & Corp. Sec of Weave Communications, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On August 19, 2024, Goodsell sold 1,528 shares of common stock at a price of $10.98 per share.
- On August 20, 2024, Goodsell sold 15,000 shares of common stock at a volume-weighted average price of $11.19 per share, with prices ranging from $11 to $11.35.
- These sales were executed under a Rule 10b5-1 sales plan adopted on May 16, 2024.
- Following these transactions, Goodsell beneficially owns 638,452 shares of Weave Communications, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock sales under a pre-arranged plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| May 16, 2024 | Date the Reporting Person adopted the Rule 10b5-1 sales plan |
| August 19, 2024 | Date of the first reported transaction (sale of 1,528 shares) |
| August 20, 2024 | Date of the second reported transaction (sale of 15,000 shares) |
| August 21, 2024 | Date of signature on the Form 4 filing |
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