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Weave Communications (WEAV) CEO awarded 1.2M RSUs and PSUs tied to price

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(Neutral)
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(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.
Insider WHITE BRETT T
Role Chief Executive Officer
Type Security Shares Price Value
Grant/Award Common Stock 600,000 $0.00 --
Grant/Award Common Stock 600,000 $0.00 --
Holdings After Transaction: Common Stock — 2,354,742 shares (Direct, null)
Footnotes (1)
  1. Represents shares of Common Stock underlying a time-based restricted stock unit award ("RSU"). The RSU will vest as to 33% of the total number of shares on March 1, 2027, and the remainder in equal quarterly installments over the two years thereafter, until such time as the RSU is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Performance-based PSUs vest in three equal tranches upon certification that the 30-day average stock price milestones of $7.00, $9.00, and $11.00 are achieved on or after March 1, 2026, and on or before April 1, 2027, September 1, 2027, and March 1, 2028, respectively, subject to continued service and the following time-based vesting conditions. Unmet tranches are forfeited; achievement of a higher milestone also satisfies any lower outstanding milestones. Upon milestone achievement, each tranche vests based on service: 33% on March 1, 2027 and the remainder in quarterly installments over the two years thereafter, until such time as the RSU is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
Time-based RSU grant 600,000 shares Common Stock underlying time-based RSU award
Performance-based PSU grant 600,000 shares PSUs tied to stock price milestones
Initial RSU cliff vest 33% Vests on March 1, 2027, then quarterly over two years
PSU price milestones $7.00, $9.00, $11.00 30-day average stock price milestones for three PSU tranches
PSU milestone windows 2026–2028 Milestones between March 1, 2026 and March 1, 2028
restricted stock unit award financial
"Represents shares of Common Stock underlying a time-based restricted stock unit award ("RSU")."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
RSU financial
"Represents shares of Common Stock underlying a time-based restricted stock unit award ("RSU")."
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
Performance-based PSUs financial
"Performance-based PSUs vest in three equal tranches upon certification that the 30-day average stock price milestones of $7.00, $9.00, and $11.00 are achieved"
30-day average stock price financial
"upon certification that the 30-day average stock price milestones of $7.00, $9.00, and $11.00 are achieved"
vesting financial
"The RSU will vest as to 33% of the total number of shares on March 1, 2027, and the remainder in equal quarterly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Form 4 Insider Transactions: What Each Field Means →
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*
WHITE BRETT T
(Last)(First)(Middle)
C/O WEAVE COMMUNICATIONS, INC.
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
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026		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 Stock04/27/2026A600,000(1)A$02,354,742D
Common Stock04/27/2026A600,000(2)A$02,954,742D
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 shares of Common Stock underlying a time-based restricted stock unit award ("RSU"). The RSU will vest as to 33% of the total number of shares on March 1, 2027, and the remainder in equal quarterly installments over the two years thereafter, until such time as the RSU is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
2. Performance-based PSUs vest in three equal tranches upon certification that the 30-day average stock price milestones of $7.00, $9.00, and $11.00 are achieved on or after March 1, 2026, and on or before April 1, 2027, September 1, 2027, and March 1, 2028, respectively, subject to continued service and the following time-based vesting conditions. Unmet tranches are forfeited; achievement of a higher milestone also satisfies any lower outstanding milestones. Upon milestone achievement, each tranche vests based on service: 33% on March 1, 2027 and the remainder in quarterly installments over the two years thereafter, until such time as the RSU is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
Remarks:
/s/ Tyler Waltman, as Attorney-in-Fact04/29/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Weave Communications (WEAV) report for its CEO?

Weave Communications reported that CEO Brett T. White received equity awards for 1.2 million shares of Common Stock as compensation. These include 600,000 time-based RSUs and 600,000 performance-based PSUs with multi-year vesting schedules tied to service and stock price milestones.

How do Brett White’s 600,000 time-based RSUs at WEAV vest?

The 600,000 time-based RSUs granted to Brett White vest 33% on March 1, 2027. The remaining shares then vest in equal quarterly installments over the next two years, contingent on his continued employment at each vesting date during the full vesting period.

What performance milestones govern Brett White’s 600,000 PSUs at Weave Communications?

The 600,000 PSUs vest in three equal tranches when 30-day average stock prices of $7.00, $9.00, and $11.00 are certified. Each must be met within specified windows between March 1, 2026 and March 1, 2028, with unmet tranches forfeited under the performance conditions.

Do Brett White’s PSU awards at WEAV also require time-based vesting?

Yes. After a stock price milestone is achieved and certified, each related PSU tranche vests 33% on March 1, 2027. The remainder vests in equal quarterly installments over two additional years, requiring Brett White to remain in service through each vesting date.

Did Brett White buy Weave Communications shares on the open market?

No. The Form 4 shows grant or award acquisitions of Common Stock with a transaction price of $0.00 per share. These are compensation-related RSU and PSU awards from the company, not open-market stock purchases by Brett White on a securities exchange.