Form 4: Weave Communications Director Tyler Newton Reports Changes in Beneficial Ownership

Director Tyler Newton reports a pro-rata distribution of Weave Communications common stock and adjustments to his holdings, including restricted stock units.

Summary

• Tyler Newton, a director of Weave Communications, reported changes in beneficial ownership of the company's common stock on August 27, 2024.
• The changes involve a pro-rata distribution of 500,000 shares of common stock by Catalyst Investors funds to their investors.
• Newton directly holds 120,654 shares and indirectly holds 6,608,899 shares through Catalyst Investors.
• He also holds 74,097 restricted stock units (RSUs), with 54,714 vested and the remaining 19,383 vesting on the earlier of May 22, 2025, or the first annual meeting of stockholders following May 22, 2024.
• The Catalyst Investors entities no longer beneficially hold in excess of 10% of the outstanding shares of the Issuer's Common Stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Positives

• The pro-rata distribution could be seen as a way to distribute value to investors in Catalyst Investors funds.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about changes in ownership by a director.

Key Dates