Blake G. Modersitzki - Dec 23, 2024 Form 4 Insider Report for Weave Communications, Inc. (WEAV)

Role: Director
Signature: /s/ Blake G. Modersitzki
Stock symbol: WEAV
Transactions as of: Dec 23, 2024
Transactions value $: -$1,397,758
Form type: 4
Date filed: 12/27/2024, 04:49 PM
Previous filing: Dec 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEAV	Common Stock	Sale	-$1.31M	-79.3K	-2.62%	$16.49	2.95M	Dec 23, 2024	By Pelion Ventures VI, L.P.	F1, F2
transaction	WEAV	Common Stock	Sale	-$89.5K	-5.43K	-2.62%	$16.49	202K	Dec 23, 2024	By Pelion Ventures VI-A, L.P.	F1, F3
holding	WEAV	Common Stock						531K	Dec 23, 2024	By Pelion Ventures VII, L.P.	F4
holding	WEAV	Common Stock						109K	Dec 23, 2024	By Pelion Ventures VII-A, L.P.	F5
holding	WEAV	Common Stock						59.6K	Dec 23, 2024	By Pelion Ventures VII-Entrepreneurs Fund, L.P.	F6
holding	WEAV	Common Stock						111K	Dec 23, 2024	Direct

* 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	This transaction was made pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2024.
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.
F5	Shares are held by Pelion Ventures VII-A, L.P. ("PV VII-A"). PVP VII is the sole general partner of PV VII-A. 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-A. The Reporting Person disclaims beneficial ownership of the shares held by PV VII-A except to the extent of his pecuniary interest therein.
F6	Shares are held by Pelion Ventures VII-Entrepreneurs Fund, L.P. ("PV VII-Entrepreneurs"). PVP VII is the sole general partner of PV VII-Entrepreneurs. 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-Entrepreneurs. The Reporting Person disclaims beneficial ownership of the shares held by PV VII-Entrepreneurs except to the extent of his pecuniary interest therein.