Crosslink Capital Inc - Nov 10, 2021 Form 3 Insider Report for Weave Communications, Inc. (WEAV)

Role: 10%+ Owner
Signature: Maureen Offer, Chief Financial Officer of Crosslink Capital, Inc.
Stock symbol: WEAV
Transactions as of: Nov 10, 2021
Transactions value $: $0
Form type: 3
Date filed: 11/10/2021, 04:47 PM
Next filing: Nov 15, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WEAV	Common Stock						1.22M	Nov 10, 2021	See Note 1	F1
holding	WEAV	Common Stock						712K	Nov 10, 2021	See Note 2	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Date	Underlying Class	Amount	Ownership	Footnotes
holding	WEAV	Series B Convertible Preferred Stock	Nov 10, 2021	Common Stock	6.4M	See Note 4	F3, F4
holding	WEAV	Series C Convertible Preferred Stock	Nov 10, 2021	Common Stock	784K	See Note 6	F5, F6
holding	WEAV	Series D Convertible Preferred Stock	Nov 10, 2021	Common Stock	71.6K	See Note 8	F7, F8

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

Explanation of Responses:

Id	Content
F1	Crosslink Capital, Inc. ("Crosslink") is the investment adviser to private investment funds (the "Funds"). Certain of the Funds hold these securities directly for the benefit of their investors. These securities are beneficially owned indirectly by Crosslink as the investment adviser to those Funds and by Michael J. Stark as the control person of Crosslink. Crosslink Ventures VII Holdings, L.L.C. ("Ventures GP") beneficially owns 591,505 of these securities indirectly as the general partner or manager of certain of the Funds.
F2	The securities are held directly by a private investment fund for the benefit of its investors. These securities are beneficially owned indirectly by Crosslink Capital Management, LLC as the investment adviser to that private investment fund.
F3	Each share of Series B Convertible Preferred Stock is convertible into one share of Common Stock at any time and has no expiration date. Each share of Series B Convertible Preferred Stock will automatically convert immediately before the closing of the Issuer's initial public offering.
F4	Certain of the Funds, including Crosslink Crossover Fund VII, L.P. ("Crossover VII") and Crosslink Ventures VII, L.P. ("Ventures VII"), hold these securities directly for the benefit of their investors. These securities are beneficially owned indirectly by Crosslink as the investment adviser to those Funds and by Mr. Stark as the control person of Crosslink. Crossover VII directly holds shares of Series B Convertible Preferred Stock that are convertible into 2,559,126 shares of Common Stock, and Crossover Fund VII Management, L.L.C. ("Crossover GP") beneficially owns those shares indirectly as the general partner of Crossover VII. Ventures VII directly holds shares of Series B Convertible Preferred Stock that are convertible into 2,501,673 shares of Common Stock. Ventures GP beneficially owns shares of Series B Convertible Preferred Stock that are convertible into 3,838,687 shares of Common Stock indirectly as the general partner of Ventures VII and certain other Funds.
F5	Each share of Series C Convertible Preferred Stock is convertible into one share of Common Stock at any time and has no expiration date. Each share of Series C Convertible Preferred Stock will automatically convert immediately before the closing of the Issuer's initial public offering.
F6	Certain of the Funds, including Crossover VII and Ventures VII, hold these securities directly for the benefit of their investors. These securities are beneficially owned indirectly by Crosslink as the investment adviser to those Funds and by Mr. Stark as the control person of Crosslink. Crossover VII directly holds shares of Series C Convertible Preferred Stock that are convertible into 313,712 shares of Common Stock, and Crossover GP beneficially owns those shares indirectly as the general partner of Crossover VII. Ventures VII directly holds shares of Series C Convertible Preferred Stock that are convertible into 306,671 shares of Common Stock. Ventures GP beneficially owns shares of Series C Convertible Preferred Stock that are convertible into 470,569 shares of Common Stock indirectly as general partner of Ventures VII and certain other Funds.
F7	Each share of Series D Convertible Preferred Stock is convertible into one share of Common Stock at any time and has no expiration date. Each share of Series D Convertible Preferred Stock will automatically convert immediately before the closing of the Issuer's initial public offering.
F8	Certain of the Funds, including Ventures VII, hold these securities directly for the benefit of their investors. These securities are beneficially owned indirectly by Crosslink as the investment adviser to those Funds and by Mr. Stark as the control person of Crosslink. Ventures VII directly holds shares of Series D Convertible Preferred Stock that are convertible into 27,978 shares of Common Stock. Ventures GP beneficially owns shares of Series D Convertible Preferred Stock that are convertible into 42,930 shares of Common Stock indirectly as general partner of Ventures VII and certain other funds.

Remarks:

The reporting persons are Crosslink Capital, Inc. ("Crosslink"), Crosslink Capital Management, LLC ("CCM"), Crosslink Crossover Fund VII, L.P. ("Crossover VII"), Crosslink Ventures VII, L.P. ("Ventures VII"), Crossover Fund VII Management, L.L.C. ("Crossover GP"), Crosslink Ventures VII Holdings, L.L.C. ("Ventures GP") and Michael J. Stark. Crosslink is the investment adviser to Crossover VII, Ventures VII and other Funds. Crossover GP is the general partner of Crossover VII. Ventures GP is the general partner or manager of Ventures VII and certain other Funds. Crosslink is filing this report on behalf of itself and the other reporting persons. The reporting persons are filing this Form 3 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 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.