WHITE BRETT T 4
4 · Weave Communications, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Weave (WEAV) CEO Brett T White Withholds 117,573 Shares for Taxes
What Happened
Brett T. White, CEO of Weave Communications (WEAV), had 117,573 shares withheld by the company on 2026-03-13 to satisfy tax obligations tied to the settlement of vested restricted stock units (RSUs). The withholding was recorded at $4.88 per share, totaling $573,756. This was a tax-withholding/settlement transaction (reported as a disposition), not an open-market sale or a purchase.
Key Details
- Transaction date and price: 2026-03-13; 117,573 shares at $4.88 per share (total value $573,756).
- Transaction code: F — tax withholding / payment of exercise price or tax liability.
- Footnote: Exempt transaction under Rule 16b-3(e); shares were withheld by the issuer to satisfy tax obligations from RSU settlement.
- Shares owned after transaction: Not disclosed in the provided filing.
- Timeliness: Report filed 2026-03-17 for a 2026-03-13 transaction; filing is within the standard two business-day Form 4 reporting window (timely).
Context
This was a routine company withholding to satisfy tax on vested RSUs (a cashless/withholding settlement), not an indication of an intentional open-market sale by the insider. Such tax-withholding dispositions are common following equity vesting and are treated differently than voluntary sales when interpreting insider activity.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-03-13$4.88/sh−117,573$573,756→ 1,754,742 total
Footnotes (1)
- [F1]In an exempt transaction pursuant to Rule 16b-3(e), shares of the Issuer's Common Stock were withheld by the Issuer to satisfy tax obligations relating to the acquisition of shares of the Issuer's Common Stock in connection with the settlement of the vested portion of restricted stock units.