Weave Communications (WEAV) CFO has 35,077 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Christiansen Jason Paul
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 35,077 | $5.22 | $183K |
Holdings After Transaction:
Common Stock — 726,322 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 35,077 shares
Withholding price per share: $5.22 per share
Shares held after transaction: 726,322 shares
+1 more
4 metrics
Shares withheld for taxes
35,077 shares
Withheld to satisfy tax obligations on vested RSUs
Withholding price per share
$5.22 per share
Value used for tax-withholding disposition
Shares held after transaction
726,322 shares
CFO’s direct Weave common stock holdings post-transaction
Tax-withholding shares (summary)
35,077 shares
TaxWithholdingShares in transaction summary
Key Terms
Rule 16b-3(e), restricted stock units, tax-withholding disposition, Common Stock
4 terms
Rule 16b-3(e) regulatory
"In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's Common Stock were withheld"
restricted stock units financial
"relating to the acquisition of shares ... in connection with the settlement of the vested portion of restricted stock units"
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Common Stock financial
"shares of the Issuer's Common Stock were withheld by the Issuer to satisfy tax obligations"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did WEAV’s CFO report in this Form 4 filing?
Weave CFO Jason Paul Christiansen reported a tax-withholding disposition. The company withheld 35,077 common shares at $5.22 each to cover taxes on vested restricted stock units, a routine compensation-related event rather than an open-market trade.
Does this WEAV Form 4 show an open-market sale by the CFO?
No, the filing shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer to satisfy tax liabilities tied to vested restricted stock units, in an exempt transaction under Rule 16b-3(e), rather than sold on the market.
What is the significance of Rule 16b-3(e) in this WEAV filing?
Rule 16b-3(e) allows certain insider transactions related to equity compensation to be exempt from short-swing profit rules. Here, it covers the issuer’s withholding of 35,077 shares from the CFO to pay taxes on vested restricted stock units, treating it as an exempt event.