In Accordance with NYSE Rule 303A.08, this Press Release Makes Public the Grant of an Employment Inducement Award

Rhea-AI Summary

Weave Communications, Inc. (NYSE: WEAV) grants 350,000 restricted stock units to its Chief Revenue Officer, David McNeil, as an employment inducement. The units vest over three years, with 33% vesting on March 15, 2025, and the remaining 67% over the following 2 years. This award was approved under Weave's 2022 Inducement Equity Incentive Plan.

LEHI, Utah--(BUSINESS WIRE)-- As required by the rules of the New York Stock Exchange, Weave Communications, Inc. (NYSE: WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, today announced that it has granted to David McNeil, Weave’s recently appointed Chief Revenue Officer, on March 1, 2024, the following equity award as an inducement for him to accept employment: restricted stock units relating to 350,000 shares of Weave’s common stock, which vest over three years, with 33% vesting on March 15, 2025 and the remaining 67% over the following 2 years in equal quarterly installments, in each case subject to Mr. McNeil’s continued service through each vesting date.

The employment inducement award was granted under Weave’s 2022 Inducement Equity Incentive Plan and related form of restricted stock unit agreement. The Compensation Committee of Weave’s Board of Directors approved this award in reliance on the employment inducement exception to shareholder approval provided under Section 303A.08 of the NYSE Listed Company Manual. To comply with the terms of this exemption, the employment inducement award requires prompt public announcement of the award and written notice to the NYSE.

About Weave

Weave is the all-in-one customer experience and payments software platform for small and medium-sized healthcare practices. From the first phone call to the final invoice and every touchpoint in between, Weave connects the entire patient journey. Weave’s software solutions transform how local healthcare practitioners attract, communicate with and engage patients to grow their practice. In the past year, Weave has been named a G2 leader in Patient Relationship Management, Patient Engagement, Optometry, and Dental Practice Management software. To learn more, visit getweave.com/newsroom/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240307138368/en/

Investor Relations

Mark McReynolds

Head of Investor Relations

ir@getweave.com

Source: Weave Communications, Inc.

FAQ

What is the ticker symbol for Weave Communications, Inc.?

The ticker symbol for Weave Communications, Inc. is WEAV.

How many restricted stock units were granted to David McNeil?

David McNeil was granted 350,000 restricted stock units.

How long do the restricted stock units take to vest?

The restricted stock units vest over three years, with 33% vesting on March 15, 2025, and the remaining 67% over the following 2 years.

Under which plan was the employment inducement award approved?

The employment inducement award was approved under Weave's 2022 Inducement Equity Incentive Plan.

Who approved the award for David McNeil?

The Compensation Committee of Weave's Board of Directors approved the award for David McNeil.