WHITE BRETT T 4
Research Summary
AI-generated summary
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.