Form 4: Weave Communications Director Tyler Newton Transfers Shares to Revocable Trusts

Director Tyler Newton reports transferring shares of Weave Communications stock to revocable trusts for no consideration.

Summary

• On March 5, 2025, Tyler Newton, a director of Weave Communications, transferred 152,978 shares of common stock to the Tyler Newton Revocable Trust and another 152,978 shares to the Mia Newton Revocable Trust.
• The transfers were made for no consideration.
• Newton is the trustee of the Tyler Newton Revocable Trust, while his wife is the trustee of the Mia Newton Revocable Trust.
• The Newton Trusts are living trusts with Newton, his wife, and immediate family members as beneficiaries.
• Newton disclaims beneficial ownership of the securities held by the Newton Trusts, except to the extent of his pecuniary interest.
• Newton also has an indirect investment in Catalyst Investors IV, L.P. and Catalyst Investors QP IV, L.P.
• He also holds 74,097 restricted stock units (RSUs), with 54,714 RSUs vested and the remaining 19,383 RSUs vesting on the earlier of May 22, 2025, or the date of the first annual meeting of the Issuer's stockholders following May 22, 2024.
• Each RSU is exchangeable for one share of Weave Communications common stock upon vesting.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transfers, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The stock transfer to the trusts may have a minor impact on shareholders due to the change in ownership structure, but the director disclaims beneficial ownership except for pecuniary interest.

Key Dates