McNeil Joseph David 4
Research Summary
AI-generated summary
Weave (WEAV) CRO Joseph McNeil Withholds 34,241 Shares for Taxes
What Happened
- Joseph David McNeil, Chief Revenue Officer of Weave Communications (WEAV), had 34,241 shares disposed of on March 13, 2026 as a tax-withholding related to the settlement of vested restricted stock units (RSUs). The shares were recorded at $4.88 per share for a total value of $167,096. This was a withholding to satisfy tax obligations (routine) rather than an open-market sale.
Key Details
- Transaction date and price: March 13, 2026 — 34,241 shares at $4.88 each (total $167,096).
- Transaction type/code: F — shares withheld to cover tax liability on RSU settlement.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing date: March 17, 2026 (four days after the reported transaction).
- Footnote: Per Rule 16b-3(e), the issuer withheld shares to satisfy tax obligations relating to the settlement of vested RSUs.
Context
- This was a non-market disposal: shares were withheld by the company to pay taxes on vested RSUs, a common administrative transaction that does not necessarily signal the insider's view of the company's stock.
- Transaction code F indicates tax withholding; it differs from an open-market sale (S) or a purchase (P), which are more informative about insider sentiment.