Form 4: Weave Communications Director Modersitzki Sells Shares Under 10b5-1 Plan

Blake G. Modersitzki, a director at Weave Communications, executed multiple sales of common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Blake G. Modersitzki, a director of Weave Communications, Inc. (WEAV), reported the sale of common stock on February 14, 2025, and February 18, 2025.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 6, 2024.
• On February 14, 2025, 39,303 shares were sold at a weighted average price of $17.48.
• On the same day, 2,688 shares were sold at a weighted average price of $17.48.
• On February 18, 2025, 69,972 shares were sold at a weighted average price of $17.49.
• On the same day, 4,784 shares were sold at a weighted average price of $17.49.
• The shares are indirectly held by Pelion Ventures VI, L.P., Pelion Ventures VI-A, L.P., Pelion Ventures VII, L.P., Pelion Ventures VII-A, L.P., and Pelion Ventures VII-Entrepreneurs Fund, L.P.
• Modersitzki is the managing director of Pelion Venture Partners VI, L.L.C. and a managing director of Pelion Venture Partners VII, L.L.C., the general partners of the respective Pelion Ventures entities.
• He disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock sales by a company director. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions executed under a pre-arranged plan.

Industry Context

Sales by company insiders are a common occurrence and are often viewed in the context of the insider's personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares over a period of time without being accused of trading on non-public information.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

Form 4, Weave Communications, Modersitzki, Pelion Ventures, Rule 10b5-1, Stock Sale, Director