Matthew C. Hyde - 11 Aug 2023 Form 4/A - Amendment Insider Report for Weave Communications, Inc. (WEAV)

Signature
/s/ Erin Goodsell, as Attorney-in-Fact
Issuer symbol
WEAV
Transactions as of
11 Aug 2023
Net transactions value
-$70,947
Form type
4/A - Amendment
Filing time
16 Aug 2023, 21:32:03 UTC
Date Of Original Report
15 Aug 2023
Previous filing
20 Jun 2023
Next filing
05 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEAV Common Stock Sale $70,947 -6,983 -1.2% $10.16 587,260 11 Aug 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sale effected pursuant to a Rule 10b5-1 sales plan, adopted by the Reporting Person on May 9, 2023.

Remarks:

With the filing of this amendment the Reporting Person amends his Form 4 filed on August 15, 2023 to clarify that the sale was effected pursuant to a 10b5-1 sales plan.