[Form 4] Weave Communications, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McNeil Joseph David reported acquisition or exercise transactions in this Form 4 filing.
Weave Communications, Inc. reported that Chief Revenue Officer Joseph David McNeil received an equity award covering 300,000 shares of Common Stock in the form of time-based restricted stock units. The award has no purchase price and represents compensation rather than an open-market transaction.
According to the vesting schedule, 33% of the RSU award will vest on March 1, 2027, with the remaining units vesting in equal quarterly installments over the following two years, subject to his continued employment on each vesting date. After this grant, McNeil directly holds 771,480 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McNeil Joseph David
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 300,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 771,480 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Weave Communications (WEAV) report for its Chief Revenue Officer?
Weave Communications reported an equity award to Chief Revenue Officer Joseph David McNeil covering 300,000 shares via restricted stock units. The award is compensation, not an open-market trade, and increases his direct holdings to 771,480 shares of Common Stock.
What is the vesting schedule for Joseph McNeil’s RSU award at Weave Communications (WEAV)?
The RSU vests 33% on March 1, 2027, with the remaining balance vesting in equal quarterly installments over the next two years. Each vesting date requires Joseph McNeil to remain employed at Weave Communications for the corresponding portion to be earned.
Does Joseph McNeil pay a purchase price for his Weave Communications (WEAV) RSU grant?
No, the RSU grant has a stated price of $0.00 per share, reflecting compensation rather than a stock purchase. Shares are delivered over time as vesting conditions are met, without the executive paying an exercise or purchase price for the units.
Is the Weave Communications (WEAV) Form 4 transaction a market buy or sell?
The Form 4 shows a grant of restricted stock units, classified as an acquisition by award, not a market buy or sell. It represents stock-based compensation that will vest over time, rather than an immediate cash transaction in the open market.