STOCK TITAN

Weave Communications (WEAV) director granted 32,502 RSU award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Weave Communications director Adrian McDermott received a grant of 32,502 restricted stock units (RSUs). Each RSU will convert into one share of common stock when it vests. The RSUs vest in full on the earlier of June 10, 2027 or the first annual stockholder meeting after June 10, 2026. Following this award, McDermott holds 76,249 shares directly.

Positive

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Insider McDermott Adrian
Role null
Type Security Shares Price Value
Grant/Award Common Stock 32,502 $0.00 --
Holdings After Transaction: Common Stock — 76,249 shares (Direct, null)
Footnotes (1)
  1. [object Object]
RSU grant size 32,502 units Restricted stock units granted to director Adrian McDermott
Transaction price $0.00 per share Reported price for the RSU grant acquisition
Shares held after grant 76,249 shares Total common stock held directly after the transaction
RSU vesting date June 10, 2027 Vests earlier of this date or first annual meeting after June 10, 2026
restricted stock units financial
"Represents 32,502 restricted stock units (the "RSUs") granted to the Reporting Person"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16(b) regulatory
"Such grant is exempt from Section 16(b) of the Securities Exchange Act of 1934"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b-3(d) regulatory
"in reliance on Rule 16b-3(d)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
McDermott Adrian

(Last)(First)(Middle)
1331 W POWELL WAY

(Street)
LEHI UTAH 84043

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Weave Communications, Inc. [ WEAV ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/10/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/10/2026A32,502(1)A$076,249D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents 32,502 restricted stock units (the "RSUs") granted to the Reporting Person as a director of the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. The RSUs will vest in full on the earlier of (i) June 10, 2027 and (ii) the date of the first annual meeting of the Issuer's stockholders following June 10, 2026. Such grant is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), in reliance on Rule 16b-3(d).
Remarks:
/s/ Tyler Waltman, as Attorney-in-Fact06/12/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Weave Communications (WEAV) disclose in this Form 4 for Adrian McDermott?

The filing reports that director Adrian McDermott received a grant of 32,502 restricted stock units (RSUs). Each RSU represents the right to receive one share of Weave Communications common stock when it vests, as part of his director compensation.

How many Weave Communications RSUs were granted to Adrian McDermott?

Adrian McDermott was granted 32,502 restricted stock units (RSUs). Each RSU entitles him to receive one share of Weave Communications common stock upon vesting, which effectively increases his potential future equity stake in the company when the RSUs vest.

When do Adrian McDermott’s Weave Communications RSUs vest?

The 32,502 RSUs vest in full on the earlier of June 10, 2027 or the date of the first annual stockholder meeting after June 10, 2026. This single vesting date structure ties the award to continued board service over time.

How many Weave Communications shares does Adrian McDermott hold after this RSU grant?

After the RSU grant, Adrian McDermott is reported to hold 76,249 shares of Weave Communications common stock directly. This figure reflects his ownership position following the award and helps investors gauge the scale of his equity interest.

Is Adrian McDermott’s RSU grant at Weave Communications an open-market purchase?

No, the 32,502-unit award is a grant of restricted stock units, not an open-market share purchase. It is classified as a “grant, award, or other acquisition” and carries a $0.00 per-share transaction price in the Form 4 data.

Why is Adrian McDermott’s RSU grant exempt from Section 16(b)?

The RSU grant is described as exempt from Section 16(b) of the Exchange Act in reliance on Rule 16b-3(d). That rule generally provides exemptions for certain issuer-approved grants and awards to insiders, treating them as compensation rather than speculative trading.