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

Role: Director
Signature: /s/ Blake G. Modersitzki
Stock symbol: WEAV
Transactions as of: Nov 10, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/10/2021, 04:45 PM
Next filing: Nov 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WEAV	Common Stock						405K	Nov 10, 2021	See footnote	F1
holding	WEAV	Common Stock						27.7K	Nov 10, 2021	See footnote	F2
holding	WEAV	Common Stock						637K	Nov 10, 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							Nov 10, 2021	Common Stock	2.22M		See footnote	F1, F4
holding	WEAV	Series B Preferred Stock							Nov 10, 2021	Common Stock	152K		See footnote	F2, F4
holding	WEAV	Series B-1 Preferred Stock							Nov 10, 2021	Common Stock	1.12M		See footnote	F1, F4
holding	WEAV	Series B-1 Preferred Stock							Nov 10, 2021	Common Stock	76.7K		See footnote	F2, F4
holding	WEAV	Series C Preferred Stock							Nov 10, 2021	Common Stock	434K		See footnote	F1, F4
holding	WEAV	Series C Preferred Stock							Nov 10, 2021	Common Stock	29.7K		See footnote	F2, F4
holding	WEAV	Series D Preferred Stock							Nov 10, 2021	Common Stock	40.4K		See footnote	F1, F4
holding	WEAV	Series D Preferred Stock							Nov 10, 2021	Common Stock	2.76K		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.