Blake G. Modersitzki - 10 Nov 2021 Form 3 Insider Report for Weave Communications, Inc. (WEAV)

Role
Director
Signature
/s/ Blake G. Modersitzki
Issuer symbol
WEAV
Transactions as of
10 Nov 2021
Net transactions value
$0
Form type
3
Filing time
10 Nov 2021, 16:45:03 UTC
Next filing
17 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WEAV Common Stock 404,784 10 Nov 2021 See footnote F1
holding WEAV Common Stock 27,678 10 Nov 2021 See footnote F2
holding WEAV Common Stock 636,944 10 Nov 2021 See footnote 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
holding WEAV Series B Preferred Stock 10 Nov 2021 Common Stock 2,218,469 See footnote F1, F4
holding WEAV Series B Preferred Stock 10 Nov 2021 Common Stock 151,690 See footnote F2, F4
holding WEAV Series B-1 Preferred Stock 10 Nov 2021 Common Stock 1,122,344 See footnote F1, F4
holding WEAV Series B-1 Preferred Stock 10 Nov 2021 Common Stock 76,740 See footnote F2, F4
holding WEAV Series C Preferred Stock 10 Nov 2021 Common Stock 433,917 See footnote F1, F4
holding WEAV Series C Preferred Stock 10 Nov 2021 Common Stock 29,669 See footnote F2, F4
holding WEAV Series D Preferred Stock 10 Nov 2021 Common Stock 40,375 See footnote F1, F4
holding WEAV Series D Preferred Stock 10 Nov 2021 Common Stock 2,761 See footnote F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are held by Pelion Ventures VI, L.P. ("PV VI"). Pelion Venture Partners VI, L.L.C. ("PVP VI") is the sole general partner of PV VI. The Reporting Person is the managing director of PVP VI and may be deemed to exercise voting and dispositive power over the shares held by PV VI. The Reporting Person disclaims beneficial ownership of the shares held by PV VI except to the extent of his pecuniary interest therein.
F2 Shares are held by Pelion Ventures VI-A, L.P. ("PV VI-A"). PVP VI is the sole general partner of PV VI-A. The Reporting Person is the managing director of PVP VI and may be deemed to exercise voting and dispositive power over the shares held by PV VI-A. The Reporting Person disclaims beneficial ownership of the shares held by PV VI-A except to the extent of his pecuniary interest therein.
F3 Shares are held by Pelion Ventures VII, L.P. ("PV VII"). Pelion Venture Partners VII, L.L.C. ("PVP VII") is the sole general partner of PV VII. The Reporting Person is a managing director of PVP VII and may be deemed to share voting and dispositive power over the shares held by PV VII. The Reporting Person disclaims beneficial ownership of the shares held by PV VII except to the extent of his pecuniary interest therein.
F4 Each share of Series B Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock and Series D Preferred Stock will automatically convert into shares of Common Stock on a 1:1 basis immediately prior to the closing of the Issuer's initial public offering and has no expiration date.