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Weave Communications (WEAV) director awarded 32,502 RSUs for fund benefit

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

Rhea-AI Filing Summary

Silverman David Richard reported acquisition or exercise transactions in this Form 4 filing.

Weave Communications director David Richard Silverman was granted 32,502 restricted stock units (RSUs) as director compensation. Each RSU represents one share of common stock and will vest in full on the earlier of June 10, 2027 or the first annual stockholder meeting following June 10, 2026.

After this grant, 125,106 shares are reported as beneficially owned, including shares received via in-kind distributions from funds advised by Crosslink and Crosslink Capital Management. The RSUs and any settlement shares are held for the exclusive benefit of those private investment funds, and Silverman disclaims beneficial ownership except for any pecuniary interest. The grant is reported as exempt under Rule 16b-3(d) of the Exchange Act.

Positive

  • None.

Negative

  • None.
Insider Silverman David Richard
Role null
Type Security Shares Price Value
Grant/Award Common Stock 32,502 $0.00 --
Holdings After Transaction: Common Stock — 125,106 shares (Direct, null)
Footnotes (1)
  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). The Reporting Person is a managing partner at Crosslink Capital, Inc. ("Crosslink") and a manager of Crosslink Capital Management, LLC ("CCM"). The Reporting Person holds these RSUs, and any shares of Common Stock issued upon settlement thereof, for the exclusive benefit of private investment funds for which Crosslink or CCM serves as the investment adviser. Accordingly, the Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest, if any, and the inclusion of the RSUs on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or any other purpose. The shares reported as beneficially owned following the transaction reported herein include shares received by the Reporting Person pursuant to in kind distributions of shares effected by funds advised by Crosslink and CCM subsequent to the Reporting Person's most recent Section 16 filing, which transactions were exempt from reporting pursuant to Rule 16a-9.
RSU grant size 32,502 RSUs Granted as director compensation on June 10, 2026
Grant price per share $0.0000 per share Reported transaction price for RSU award
Shares after transaction 125,106 shares Beneficially owned following the reported grant
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 as a director of the Issuer."
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, as amended (the "Exchange Act"), in reliance on Rule 16b-3(d)."
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
"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)."
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.
pecuniary interest financial
"Accordingly, the Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest, if any,"
Rule 16a-9 regulatory
"which transactions were exempt from reporting pursuant to Rule 16a-9."
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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*
Silverman David Richard
(Last)(First)(Middle)
C/O CROSSLINK CAPITAL
2180 SAND HILL ROAD, SUITE 200
(Street)
MENLO PARK CALIFORNIA 94025
(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)(2)A$0125,106(3)D
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).
2. The Reporting Person is a managing partner at Crosslink Capital, Inc. ("Crosslink") and a manager of Crosslink Capital Management, LLC ("CCM"). The Reporting Person holds these RSUs, and any shares of Common Stock issued upon settlement thereof, for the exclusive benefit of private investment funds for which Crosslink or CCM serves as the investment adviser. Accordingly, the Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest, if any, and the inclusion of the RSUs on this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or any other purpose.
3. The shares reported as beneficially owned following the transaction reported herein include shares received by the Reporting Person pursuant to in kind distributions of shares effected by funds advised by Crosslink and CCM subsequent to the Reporting Person's most recent Section 16 filing, which transactions were exempt from reporting pursuant to Rule 16a-9.
/s/ David R. Silverman06/12/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Weave Communications (WEAV) report for David Richard Silverman?

Weave Communications reported that director David Richard Silverman received a grant of 32,502 restricted stock units. Each RSU represents one share of common stock and is part of his director compensation, subject to future vesting conditions.

When do David Richard Silverman’s 32,502 Weave (WEAV) RSUs vest?

The 32,502 restricted stock units vest in full on the earlier of June 10, 2027 or the date of the first annual meeting of Weave’s stockholders following June 10, 2026. Vesting must occur before shares are actually delivered.

How many Weave (WEAV) shares are reported as beneficially owned after this Form 4 transaction?

Following the transaction, 125,106 Weave common shares are reported as beneficially owned. This figure includes shares received through in-kind distributions from funds advised by Crosslink and Crosslink Capital Management, in addition to the newly granted restricted stock units.

Who ultimately benefits from David Richard Silverman’s Weave (WEAV) RSU grant?

Silverman holds the RSUs, and any resulting shares, for the exclusive benefit of private investment funds advised by Crosslink and Crosslink Capital Management. He disclaims beneficial ownership of these securities except to the extent of any pecuniary interest he may have.

Is the Weave (WEAV) RSU grant to David Richard Silverman exempt from Section 16(b)?

Yes. The RSU grant is reported as exempt from Section 16(b) of the Exchange Act. The exemption relies on Rule 16b-3(d), which generally covers certain issuer-approved grants to officers or directors under specified conditions.