Bessemer Venture Partners IX L.P. - Aug 3, 2023 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
Aug 3, 2023
Transactions value $
-$661,791
Form type
4
Date filed
8/4/2023, 05:18 PM
Previous filing
Aug 2, 2023
Next filing
Sep 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEAV Common Stock Sale -$631K -56.4K -0.78% $11.18 7.14M Aug 3, 2023 See Footnotes F1, F2, F3
transaction WEAV Common Stock Sale -$30.7K -2.78K -0.04% $11.08 7.14M Aug 4, 2023 See Footnotes F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 3, 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 31,338 shares and 25,106 shares of Common Stock of Weave Communications, Inc., respectively, at a weighted average price of $11.18. These shares were sold in multiple transactions at prices ranging from $11.00 to $12.00. 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 August 3 sales, BVP IX and BVP IX Inst own 3,964,392 shares of Common Stock and 3,176,082 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.
F4 On August 4, 2023, BVP IX and BVP IX Inst sold 1,541 shares and 1,234 shares of Common Stock of Weave Communications, Inc., respectively, at a weighted average price of $11.08. These shares were sold in multiple transactions at prices ranging from $11.00 to $11.14. 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 the date hear of, BVP IX and BVP IX Inst own 3,962,851 shares of Common Stock and 3,174,848 of Common Stock, respectively.