Bessemer Venture Partners IX L.P. - Nov 15, 2021 Form 4 Insider Report for Weave Communications, Inc. (WEAV)

Role
10%+ Owner
Signature
/s/ Scott Ring, General Counsel, Deer IX & Co. Ltd., the General Partner of Deer IX I & Co. L.P., the General Partner of Bessemer Venture Partners IX L.P.
Stock symbol
WEAV
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
4
Date filed
11/17/2021, 08:53 PM
Previous filing
Nov 16, 2021
Next filing
Feb 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEAV Common Stock Conversion of derivative security +5.44M +256.52% 7.57M Nov 15, 2021 See Footnotes F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WEAV Series AA Preferred Stock Conversion of derivative security $0 -4.77M -100% $0.00* 0 Nov 15, 2021 Common Stock 4.77M See Footnotes F1, F3, F4
transaction WEAV Series C Preferred Stock Conversion of derivative security $0 -619K -100% $0.00* 0 Nov 15, 2021 Common Stock 619K See Footnotes F1, F3, F5
transaction WEAV Series D Preferred Stock Conversion of derivative security $0 -59K -100% $0.00* 0 Nov 15, 2021 Common Stock 59K See Footnotes F1, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Preferred Stock automatically converted into one (1) share of the Issuer's Common Stock, for no additional consideration, immediately prior to the consummation of the Issuer's initial public offering on November 15, 2021, and had no expiration date.
F2 As of the date hereof, Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst") and Bessemer Venture Partners IX, L.P. ("BVP IX", and together with BVP IX Inst referred to collectively, the "Funds") own 3,365,649 shares of Common Stock and 4,201,010 shares 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 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 Funds.
F4 Prior to the conversion of the Preferred Stock described in footnote (1) above, BVP IX Inst and BVP IX owned 2,120,034 shares of Series AA Preferred Stock and 2,646,229 shares of Series AA Preferred Stock, respectively.
F5 Prior to the conversion of the Preferred Stock described in footnote (1) above, BVP IX Inst and BVP IX owned 275,357 shares of Series C Preferred Stock and 343,702 shares of Series C Preferred Stock, respectively.
F6 Prior to the conversion of the Preferred Stock described in footnote (1) above, BVP IX Inst and BVP IX owned 26,225 shares of Series D Preferred Stock and 32,735 shares of Series D Preferred Stock, respectively