Blake G. Modersitzki - Nov 15, 2021 Form 4 Insider Report for Weave Communications, Inc. (WEAV)

Role
Director
Signature
/s/ Blake G. Modersitzki
Stock symbol
WEAV
Transactions as of
Nov 15, 2021
Transactions value $
$9,600,000
Form type
4
Date filed
11/17/2021, 03:24 PM
Previous filing
Nov 10, 2021
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEAV Common Stock Conversion of derivative security +3.82M +942.5% 4.22M Nov 15, 2021 See footnote F1, F2
transaction WEAV Common Stock Conversion of derivative security +261K +942.48% 289K Nov 15, 2021 See footnote F1, F3
transaction WEAV Common Stock Purchase $7.58M +316K +7.49% $24.00 4.54M Nov 15, 2021 See footnote F2
transaction WEAV Common Stock Purchase $518K +21.6K +7.49% $24.00 310K Nov 15, 2021 See footnote F3
transaction WEAV Common Stock Purchase $1.5M +62.5K +9.81% $24.00 699K Nov 15, 2021 See footnote F4

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 B Preferred Stock Conversion of derivative security $0 -2.22M -100% $0.00* 0 Nov 15, 2021 Common Stock 2.22M See footnote F1, F2
transaction WEAV Series B Preferred Stock Conversion of derivative security $0 -152K -100% $0.00* 0 Nov 15, 2021 Common Stock 152K See footnote F1, F3
transaction WEAV Series B-1 Preferred Stock Conversion of derivative security $0 -1.12M -100% $0.00* 0 Nov 15, 2021 Common Stock 1.12M See footnote F1, F2
transaction WEAV Series B-1 Preferred Stock Conversion of derivative security $0 -76.7K -100% $0.00* 0 Nov 15, 2021 Common Stock 76.7K See footnote F1, F3
transaction WEAV Series C Preferred Stock Conversion of derivative security $0 -434K -100% $0.00* 0 Nov 15, 2021 Common Stock 434K See footnote F1, F2
transaction WEAV Series C Preferred Stock Conversion of derivative security $0 -29.7K -100% $0.00* 0 Nov 15, 2021 Common Stock 29.7K See footnote F1, F3
transaction WEAV Series D Preferred Stock Conversion of derivative security $0 -40.4K -100% $0.00* 0 Nov 15, 2021 Common Stock 40.4K See footnote F1, F2
transaction WEAV Series D Preferred Stock Conversion of derivative security $0 -2.76K -100% $0.00* 0 Nov 15, 2021 Common Stock 2.76K See footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Series B Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock and Series D Preferred Stock automatically converted into shares of Common Stock immediately prior to the closing of the Issuer's initial public offering, on a 1:1 basis, and has no expiration date.
F2 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.
F3 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.
F4 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.