Form 4: Weave Communications Director Tyler Newton Reports Stock Distribution

Director Tyler Newton reports a pro-rata distribution of Weave Communications stock and adjustments to holdings by related investment funds.

Summary

• Tyler Newton, a director of Weave Communications, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• The filing reports a pro-rata distribution of 500,000 shares of common stock by Catalyst Investors funds on February 23, 2024.
• Newton directly holds 49,346 shares and indirectly holds 8,983,136 shares through Catalyst Investors.
• The Catalyst Investors IV Fund holds 445,992 shares, and the Catalyst Investors QP IV Fund holds 8,537,144 shares.
• Newton also holds 54,714 restricted stock units (RSUs), with 30,358 vested and the remaining 24,356 vesting on May 24, 2024, or the date of the first annual meeting of stockholders following that date.
• Each RSU is exchangeable for one share of Weave Communications common stock upon vesting.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The stock distribution may have a minor impact on shareholders due to the change in ownership percentages.
• The vesting of RSUs could potentially dilute existing shareholders.

Key Dates