Crosslink Capital Inc - Nov 25, 2024 Form 4 Insider Report for Weave Communications, Inc. (WEAV)

Role
10%+ Owner
Signature
/s/ Maureen Offer, Chief Financial Officer
Stock symbol
WEAV
Transactions as of
Nov 25, 2024
Transactions value $
-$3,423,306
Form type
4
Date filed
11/27/2024, 04:15 PM
Previous filing
Nov 21, 2024
Next filing
Dec 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEAV Common Stock Sale -$639K -45.6K -0.6% $14.02 7.58M Nov 25, 2024 See Note F1, F2
transaction WEAV Common Stock Sale -$2.78M -198K -2.61% $14.06 7.39M Nov 26, 2024 See Note F2, F3
transaction WEAV Common Stock Other $0 -183K -2.48% $0.00 7.2M Nov 26, 2024 See Note F2, F4
holding WEAV Common Stock 718K Nov 25, 2024 See Note F5
holding WEAV Common Stock 65.4K Nov 25, 2024 See Note F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $14.00 to $14.10 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F2 Certain of the Funds and their general partners advised by Crosslink hold these securities directly for the benefit of their investors. These securities may be deemed to be beneficially owned indirectly by Crosslink as the investment adviser to those Funds and their general partners and by Mr. Stark as the control person of Crosslink.
F3 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $13.95 to $14.18 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F4 Represents a pro rata, in-kind distribution, and not a purchase or sale of securities, by the general partner of a Fund advised by Crosslink to its members without additional consideration.
F5 The securities are held directly by a Fund advised by CCM for the benefit of its investors. These securities may be deemed to be beneficially owned indirectly by CCM as the investment adviser to that Fund.
F6 Includes shares received in the distribution described in footnote (4).
F7 The securities are held directly by a trust of which Mr. Stark is a trustee.

Remarks:

The reporting persons are Crosslink Capital, Inc. ("Crosslink"), Crosslink Capital Management, LLC ("CCM"), and Michael J. Stark. Crosslink and CCM are the investment advisers to certain private investment funds (the "Funds"). Crosslink is filing this report on behalf of itself and the other reporting persons. The reporting persons are filing this Form 4 jointly, but not as a group. Crosslink and CCM are related entities and may constitute a group within the meaning of Rule 13d-5(b) under the Securities and Exchange Act of 1934. Each other reporting person expressly disclaims membership in a group. The reporting persons disclaim beneficial ownership of the securities reported herein except to the extent of their respective pecuniary interests therein.