Form 4: Weave Communications Director Tyler Newton Reports Share Distribution and RSU Holdings

Director Tyler Newton of Weave Communications reports a pro rata distribution of shares and holdings of restricted stock units.

Summary

• Tyler Newton, a director at Weave Communications, reported a pro rata distribution of 52,123 common shares.
• Following the distribution, Newton directly holds 305,956 shares of Weave Communications common stock.
• Newton also holds 74,097 restricted stock units (RSUs), with 54,714 vested and the remaining 19,383 vesting on or before May 22, 2025.
• The RSUs are held for the benefit of Catalyst Investors funds.
• The director's interest is limited to their pecuniary interest in the securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing and does not contain any information that would indicate a positive or negative sentiment.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company director, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, such as directors, in accordance with SEC regulations.
• The pro rata distribution of shares is a common method for distributing assets to investors in private funds.
• The vesting schedule for the restricted stock units is typical for equity compensation plans.

Stakeholder Impact

• The pro rata distribution of shares may have a minor impact on the overall share structure of the company.
• The vesting of RSUs will increase the number of shares outstanding over time.

Key Dates

Keywords

Form 4, Weave Communications, Tyler Newton, Director, Share Distribution, Restricted Stock Units, RSU, Beneficial Ownership, Catalyst Investors