Blake G. Modersitzki - May 26, 2022 Form 4 Insider Report for Weave Communications, Inc. (WEAV)

Role: Director
Signature: /s/ Erin Goodsell, as Attorney-in-Fact
Stock symbol: WEAV
Transactions as of: May 26, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/9/2023, 03:54 PM
Previous filing: Mar 9, 2022
Next filing: May 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEAV	Common Stock	Award	$0	+30.4K	+82.05%	$0.00	67.4K	May 26, 2022	Direct	F1
holding	WEAV	Common Stock						4.54M	May 26, 2022	By Pelion Ventures VI, L.P.	F2
holding	WEAV	Common Stock						310K	May 26, 2022	By Pelion Ventures VI-A, L.P.	F2
holding	WEAV	Common Stock						531K	May 26, 2022	By Pelion Ventures VII, L.P.	F3
holding	WEAV	Common Stock						109K	May 26, 2022	By Pelion Ventures VII-A, L.P.	F3
holding	WEAV	Common Stock						59.6K	May 26, 2022	By Pelion Ventures VII-Entrepreneurs Fund, L.P.	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 30,358 restricted stock units (the "RSUs") granted to the Reporting Person as a director of the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's Common Stock upon vesting. The RSUs will vest in full on the earlier of (i) May 26, 2023 and (ii) the date of the first annual meeting of the Issuer's stockholders following May 26, 2022. Such grant is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, in reliance on Rule 16b-3(d).
F2	Pelion Venture Partners VI, L.L.C. ("PVP VI") is the sole general partner of Pelion Ventures VI, L.P. ("PV VI") and Pelion Ventures VI-A, L.P. ("PV VI-A"). The Reporting Person is the managing director of PVP VI and PV VI-A and may be deemed to exercise voting and dispositive power over the shares held by PV VI and PV VI-A. The Reporting Person disclaims beneficial ownership of the shares held by PV VI and PV VI-A except to the extent of his pecuniary interest therein.
F3	Pelion Venture Partners VII, L.L.C. ("PVP VII") is the sole general partner of Pelion Ventures VII, L.P. ("PV VII"), Pelion Ventures VII-A, L.P. ("PV VII-A") and Pelion Ventures VII-Entrepreneurs Fund, L.P. ("PV VII-Entrepreneurs") . The Reporting Person is a managing director of PVP VII, PV VII-A and PV VII-Entrepreneurs and may be deemed to share voting and dispositive power over the shares held by PVP VII, PV VII-A and PV VII-Entrepreneurs. The Reporting Person disclaims beneficial ownership of the shares held by PVP VII, PV VII-A and PV VII-Entrepreneurs except to the extent of his pecuniary interest therein.