McNeil Joseph David 4
Research Summary
AI-generated summary
Weave (WEAV) CRO Joseph D. McNeil Sells 25,000 Shares
What Happened
Joseph D. McNeil, Chief Revenue Officer of Weave Communications (WEAV), reported an open-market/private sale of 25,000 shares on March 6, 2026. The reported volume-weighted average price (VWAP) was $5.53, resulting in gross proceeds of approximately $138,250. The filing is reported as a sale (transaction code S), which is typically a liquidity event rather than a direct signal about company prospects.
Key Details
- Transaction date: 2026-03-06; Form 4 filed: 2026-03-09 (timely within SEC two-business-day window).
- Shares sold: 25,000 at VWAP $5.53; reported price range $5.52–$5.55.
- Reported proceeds: ~$138,250.
- Shares owned after transaction: not disclosed in this filing.
- Footnote: Price is VWAP of all sales within a $1 range; reporting person can provide a breakdown of shares sold at each price upon request (per footnote F1).
- Transaction type: reported as "open market or private sale" (S).
Context
Sales by executives can be routine (for diversification, taxes, or personal liquidity) and do not necessarily indicate negative views of the company. Purchases generally carry more weight as a bullish signal; this filing documents a disposition only. If you want the exact per-price breakdown of the trades or the insider’s post-sale holdings, that information can be requested from the filer or checked in any supplemental filings.