Form 4 for WEAV Weave Communications, Inc.
Accepted 2023-07-18 00:00:00 ET · period of report 2023-07-17 · accession 0000950170-23-033435 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-07-18 | 2023-07-17+ | WEAV | Deer IX & Co. Ltd. | 10% | S - Sale | $11.25 | -124.1K | 7.37M | -2% | -$1.40M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-07-17 | S | D | 66,580 | $11.24 | 7,433,499 | I See Footnotes | — | — | (F1) On July 17, 2023, Bessemer Venture Partners IX L.P. ("BVP IX") and Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst" and together with BVP IX the "BVP IX Funds") sold 36,965 shares and 29,615 shares, of Common Stock of Weave Communications, Inc., respectively, at a weighted average price of $11.24. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.45. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. (F2) After the July 17, 2023 trades, BVP IX and BVP IX Inst own 4,164,045 shares of Common Stock and 3,336,034 of Common Stock, respectively. (F3) Deer IX & Co. Ltd. ("Deer Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer L.P."), which is the general partner of each of the Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the BVP IX Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the BVP IX Funds. |
| 2 | Common | Common Stock | 2023-07-18 | S | D | 57,483 | $11.26 | 7,373,016 | I See Footnotes | — | — | (F4) On July 18, 2023,BVP IX and BVP IX Inst sold 31,915 shares and 25,568 shares, of Common Stock of Weave Communications, Inc., respectively, at a weighted average price of $11.26. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.38. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote. (F5) As of the date hereof, BVP IX and BVP IX Inst own 4,132,130 shares of Common Stock and 3,310,466 of Common Stock, respectively. (F3) Deer IX & Co. Ltd. ("Deer Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer L.P."), which is the general partner of each of the Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the BVP IX Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the BVP IX Funds. |