Matthew C. Hyde - 04 Nov 2022 Form 4 Insider Report for Weave Communications, Inc. (WEAV)

Role
Chief Revenue Officer
Signature
/s/ Erin Goodsell, as Attorney-in-Fact
Issuer symbol
WEAV
Transactions as of
04 Nov 2022
Net transactions value
$0
Form type
4
Filing time
08 Nov 2022, 18:44:46 UTC
Previous filing
24 Mar 2022
Next filing
21 Nov 2022
SEC
View on sec.gov

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 Stock Option (right to buy) Award +298,702 298,702 04 Nov 2022 Common Stock 298,702 $7.00 Direct F1, F2
transaction WEAV Stock Option (right to buy) Disposed to Issuer -298,702 -100% 0 04 Nov 2022 Common Stock 298,702 $15.26 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option vested and became exercisable as to 1/4th of the total number of shares on March 29, 2022, and thereafter vests and becomes exercisable as to 1/48th of the total number of shares in equal monthly installments, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
F2 The transaction reported herein reflects a one-time stock option repricing that became effective on November 4, 2022 and is being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934, as amended. There have been no other changes to the terms of these options.