Weave Communications (WEAV) director awarded 32,502 RSUs, holdings now 153,681 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Scanlon George P reported acquisition or exercise transactions in this Form 4 filing.
Weave Communications director George P. Scanlon received 32,502 restricted stock units as equity compensation. These RSUs give him the right to receive one share of common stock for each unit when they vest. The award vests in full on the earlier of June 10, 2027 or the first annual stockholder meeting after June 10, 2026.
Following this grant, Scanlon is reported as beneficially owning 153,681 shares of common stock. The grant was made at no cash cost per share and is described as exempt from short-swing profit rules under Section 16(b) in reliance on Rule 16b-3(d).
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Scanlon George P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 32,502 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 153,681 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 32,502 units
Holdings after grant: 153,681 shares
Transaction price: $0.0000 per share
+1 more
4 metrics
RSU grant size
32,502 units
Restricted stock units granted to director Scanlon
Holdings after grant
153,681 shares
Total common stock beneficially owned after transaction
Transaction price
$0.0000 per share
Reported price per share for RSU award
RSU vesting date
June 10, 2027
Vests earlier of this date or first annual meeting after June 10, 2026
Key Terms
restricted stock units, Section 16(b), Rule 16b-3(d), annual meeting of the Issuer's stockholders
4 terms
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.
annual meeting of the Issuer's stockholders financial
"the date of the first annual meeting of the Issuer's stockholders following June 10, 2026"
FAQ
What did Weave Communications (WEAV) director George P. Scanlon report on this Form 4?
George P. Scanlon reported receiving a grant of 32,502 restricted stock units as a director of Weave Communications. Each unit represents the right to receive one share of common stock when the award vests under the specified schedule.
When do George P. Scanlon’s Weave Communications (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 Communications stockholders following June 10, 2026, according to the Form 4 footnote disclosure.
Did George P. Scanlon pay a purchase price for the Weave Communications (WEAV) RSU grant?
The Form 4 lists the transaction price per share as $0.0000, indicating no cash purchase price for the RSU grant. This is consistent with equity compensation awards made to directors rather than open-market stock purchases.
How is the Weave Communications (WEAV) RSU grant treated under 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 provides an exemption for certain issuer-approved equity awards to directors and officers from short-swing profit recovery rules.