Weave Communications Inc SEC Filings

Weave Communications director Robson Herbert Edward II filed an initial Form 3 reporting indirect holdings of Weave Communications, Inc. common stock. The filing lists 400,000 shares held by 2717 Partners SPV A LP, 1,164,000 shares held by 2717 Partners Master Fund LP, and 537,000 shares held by 2717 Partners SPV A LLC.

The footnotes state he is the managing member of the relevant general partners, may be deemed to have voting and dispositive power over these shares, and disclaims beneficial ownership except to the extent of his pecuniary interest.

Weave Communications reported solid top-line growth but remains unprofitable for the quarter ended March 31, 2026. Revenue rose to $65.5 million from $55.8 million, a 17% increase, driven mainly by new customer locations. Subscription and payments gross margin improved to 78%, while overall gross margin reached 73%.

The company narrowed its net loss to $5.8 million compared with $8.8 million a year earlier, with net loss per share improving to $(0.07) from $(0.12). Free cash flow was still negative at $(7.1 million), and cash and cash equivalents declined to $42.2 million from $55.0 million at year-end, though Weave had no outstanding debt. Dollar-based net revenue retention softened to 92% from 98%, and gross revenue retention to 89% from 91%, indicating some pressure on expansion and churn even as the AI-powered healthcare SaaS platform continues to scale.

Weave Communications reported first quarter 2026 revenue of $65.5 million, up 17.4% from $55.8 million a year earlier, showing solid top-line growth. GAAP gross margin improved to 72.6%, while non-GAAP gross margin reached 73.2%, reflecting better profitability on each dollar of revenue.

The company narrowed its GAAP net loss to $5.8 million, or $0.07 per share, compared with a $8.8 million loss, or $0.12 per share, a year ago. On a non-GAAP basis it generated $2.8 million of net income, or $0.04 per share, and $2.5 million of non-GAAP operating income, indicating an important shift toward sustained profitability.

Weave highlighted strong adoption of its AI tools, with over half of customer locations using embedded AI features, and announced an upcoming omnichannel AI receptionist for voice and text. For the second quarter of 2026, it targets revenue of $67.2–$68.2 million and non-GAAP operating income of $2.1–$3.1 million, and for the full year it projects revenue of $275–$278 million and non-GAAP operating income of $10.5–$13.5 million.

WHITE BRETT T reported acquisition or exercise transactions in this Form 4 filing.

Weave Communications, Inc. reported that Chief Executive Officer Brett T. White received equity awards covering a total of 1.2 million shares of Common Stock as compensation, not through open-market purchases.

One grant is 600,000 shares underlying a time-based restricted stock unit award. This RSU vests 33% on March 1, 2027, with the remaining shares vesting in equal quarterly installments over the following two years, conditioned on continued employment at each vesting date.

The second grant is 600,000 performance-based PSUs that vest in three equal tranches tied to 30-day average stock price milestones of $7.00, $9.00, and $11.00. Each milestone must be achieved within set windows between March 1, 2026 and March 1, 2028, and any unmet tranches are forfeited. After a milestone is certified, each corresponding tranche also follows time-based vesting, with 33% vesting on March 1, 2027 and the balance vesting quarterly over two years, subject to continued service.

Weave Communications, Inc. has released its 2026 proxy statement for a fully virtual annual meeting on June 10, 2026 at 11:00 a.m. Eastern Time. Stockholders of record on April 17, 2026, representing 79,562,661 common shares, may vote online, by phone, mail, or during the webcast.

Stockholders will vote on electing two Class II directors, George Scanlon and Debora Tomlin, to three-year terms and on ratifying PricewaterhouseCoopers LLP as independent auditor for 2026. The filing also outlines board committee structures, director pay, significant institutional holders, and a cooperation agreement with Engine Capital and 2717 Partners that recently added two new Class III directors and caps the board at ten members.

Weave Communications, Inc. Chief Financial Officer Jason Paul Christiansen reported a tax-related share disposition. On the settlement of vested restricted stock units, the company withheld 35,077 shares of common stock at $5.22 per share to satisfy tax obligations in an exempt transaction under Rule 16b-3(e). Following this withholding, he directly holds 726,322 shares of Weave common stock, indicating this was a compensation-related, non‑market event rather than an open-market sale.

Dubin Ryan reported acquisition or exercise transactions in this Form 4 filing.

Weave Communications director Ryan Dubin received an equity award of 68,752 shares of Common Stock in the form of time-based restricted stock units. The RSUs will vest in equal annual installments over three years beginning on March 30, 2027, subject to his continuous service through each vesting date.

The award was granted at no cash price per share and results in Dubin holding 68,752 shares directly following the reported transaction.

Weave Communications, Inc. director Ryan Dubin filed an initial Form 3 as a reporting person. The filing lists him as a director of the company but does not report any transactions, acquisitions, or dispositions of securities at this time.