WHITE BRETT T 4
4 · Weave Communications, Inc. · Filed Apr 29, 2026
Research Summary
AI-generated summary of this filing
Weave (WEAV) CEO Brett T White Receives 1.2M Stock Awards
What Happened
Brett T. White, CEO of Weave Communications (WEAV), was granted two awards on April 27, 2026 totaling 1,200,000 shares (600,000 + 600,000). Each award is reported at $0.00 per share (no cash paid). These are equity grants (restricted stock units / performance stock units), not open-market purchases or sales, and will vest over time and, for one award, upon specified stock-price performance milestones.
Key Details
- Transaction date: April 27, 2026; Form 4 filed April 29, 2026 (within the two-business-day filing window).
- Awards: 600,000 time-based RSUs (footnote F1) and 600,000 performance-based PSUs (footnote F2). Total = 1,200,000 shares underlying awards.
- Reported price: $0.00 per share (typical for RSU/PSU grants).
- Vesting (high level):
- F1 (time-based RSU): 33% vests March 1, 2027, remainder vests in equal quarterly installments over the next two years, subject to continued employment.
- F2 (performance PSUs): Three equal tranches tied to 30-day average price targets of $7.00, $9.00, and $11.00 (certification windows and deadlines specified). Upon achievement, each tranche follows time-based vesting (33% March 1, 2027, remainder quarterly over two years); unmet tranches are forfeited.
- Shares owned after transaction: Not disclosed in the provided filing.
- Other: Awards are subject to continued service; performance tranches can be forfeited if targets aren’t met.
Context
RSUs/PSUs are retention and incentive awards that do not represent immediately tradable shares until they vest. Their ultimate value depends on Weave’s future share price and satisfaction of any performance conditions. Grants are common executive compensation and do not by themselves signal buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-27+600,000→ 2,354,742 total - Award
Common Stock
[F2]2026-04-27+600,000→ 2,954,742 total
Footnotes (2)
- [F1]Represents shares of Common Stock underlying a time-based restricted stock unit award ("RSU"). The RSU will vest as to 33% of the total number of shares on March 1, 2027, and the remainder in equal quarterly installments over the two years thereafter, until such time as the RSU is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
- [F2]Performance-based PSUs vest in three equal tranches upon certification that the 30-day average stock price milestones of $7.00, $9.00, and $11.00 are achieved on or after March 1, 2026, and on or before April 1, 2027, September 1, 2027, and March 1, 2028, respectively, subject to continued service and the following time-based vesting conditions. Unmet tranches are forfeited; achievement of a higher milestone also satisfies any lower outstanding milestones. Upon milestone achievement, each tranche vests based on service: 33% on March 1, 2027 and the remainder in quarterly installments over the two years thereafter, until such time as the RSU is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.