Scanlon George P 4
4 · Weave Communications, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Weave (WEAV) Director George P. Scanlon Receives RSU Award
What Happened
George P. Scanlon, a director of Weave Communications, was granted 32,502 restricted stock units (RSUs) on June 10, 2026. The award was reported at a $0.00 per-unit grant price (standard for RSU grants) and represents the right to receive one share of Weave common stock per RSU upon vesting. This is a compensation award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: June 10, 2026; Grant price reported as $0.00 (award of RSUs).
- Shares/units granted: 32,502 RSUs (each converts to one share upon vesting).
- Vesting: RSUs vest in full on the earlier of (i) June 10, 2027, or (ii) the date of the first annual meeting of stockholders following June 10, 2026 (per footnote F1).
- Post-transaction ownership: Not specified in the provided filing summary.
- Footnote: Grant exempt from Section 16(b) short-swing profit rules under Rule 16b-3(d) (see F1).
- Filing timeliness: Report filed June 12, 2026 for a June 10 transaction — appears timely under the two-business-day Form 4 requirement.
Context
RSUs are a form of equity compensation that convert to shares upon vesting; they do not require the director to pay cash at grant. Such awards are routine for board members and are primarily compensation-related rather than a direct market signal of insider buying or selling. The grant will increase Scanlon’s future potential shareholding if and when the RSUs vest.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-10+32,502→ 153,681 total
Footnotes (1)
- [F1]Represents 32,502 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) June 10, 2027 and (ii) the date of the first annual meeting of the Issuer's stockholders following June 10, 2026. 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).