Blake G. Modersitzki - May 22, 2024 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 22, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/28/2024, 03:53 PM
Previous filing: May 26, 2023
Next filing: Oct 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WEAV	Common Stock	Award	$0	+19.4K	+21.13%	$0.00	111K	May 22, 2024	Direct	F1
holding	WEAV	Common Stock						4.54M	May 22, 2024	By Pelion Ventures VI, L.P.	F2
holding	WEAV	Common Stock						310K	May 22, 2024	By Pelion Ventures VI-A, L.P.	F2
holding	WEAV	Common Stock						531K	May 22, 2024	By Pelion Ventures VII, L.P.	F3
holding	WEAV	Common Stock						109K	May 22, 2024	By Pelion Ventures VII-A, L.P.	F3
holding	WEAV	Common Stock						59.6K	May 22, 2024	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 19,383 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 22, 2025 and (ii) the date of the first annual meeting of the Issuer's stockholders following May 22, 2024. Such grant is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), 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.