Form 4: Weave Communications COO Marcus Bertilson Reports Tax-Related Share Withholding
SEC Form 4 Filing
Chief Operating Officer of Weave Communications, Marcus Bertilson, reports the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On June 14, 2024, Marcus Bertilson, the Chief Operating Officer of Weave Communications, Inc. (WEAV), had 24,165 shares of common stock withheld by the issuer to satisfy tax obligations.
- This transaction was related to the settlement of the vested portion of restricted stock units.
- Following the transaction, Bertilson directly owns 350,835 shares of Weave Communications common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions involving the company's securities. This filing indicates a routine transaction related to tax obligations on vested equity.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it involves the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 06/14/2024 | Date of the transaction where shares were withheld to cover tax obligations. |
| 06/17/2024 | Date of signature on the Form 4 filing. |
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