Weave Communications, Inc. Chief Executive Officer and Director Brett T. White filed a Form 4 on October 28, 2026, reporting the cancellation and conversion of 2,485,156 shares of common stock and 106,666 stock options upon the effective time of a merger involving Willow Parent, LLC and Willow Merger Sub, Inc.

Key Highlights

  • Transaction date: The earliest reported transaction occurred on October 26, 2026.
  • Shares disposed: 2,485,156 shares of common stock were disposed of (transaction code D), with 0 shares remaining directly held following the transaction.
  • Merger consideration: According to the filing, each issued and outstanding share was "cancelled and converted into the right to receive an amount in cash equal to" $7.40 per share (the "Per Share Price").
  • Stock options cancelled: 106,666 stock options with an exercise price of $4.3237 and an expiration date of July 13, 2030, were cancelled and converted into the right to receive cash equal to the excess of the Per Share Price over the exercise price.
  • RSUs included: The filing states that certain of the disposed shares "are represented by previously reported restricted stock units," including the first tranche subject to performance-based vesting, each cancelled and converted into the right to receive $7.40 in cash.
  • Reporting person's role: Brett T. White is identified as both a Director and Chief Executive Officer of Weave Communications, Inc. (NYSE:WEAV).

Merger-Driven Cancellation of White's Weave Communications Holdings

According to the Form 4 filed October 28, 2026, Brett T. White, Chief Executive Officer and Director of Weave Communications, Inc. (NYSE:WEAV), reported the disposition of all directly held common stock and stock options as a result of a merger. The filing identifies the transaction as occurring on October 26, 2026, pursuant to an Agreement and Plan of Merger among Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc.

The filing discloses that 2,485,156 shares of common stock were disposed of under transaction code D, with the post-transaction beneficial ownership reported as 0 shares. The filing explains that "each issued and outstanding share of the Company's common stock was cancelled and converted into the right to receive an amount in cash equal to the Per Share Price" of $7.40. The filing further notes that certain of the disposed shares were represented by previously reported restricted stock units, including performance-based RSUs, each cancelled and converted on the same $7.40 per share basis subject to the terms of the Merger Agreement.

Additionally, 106,666 stock options with an exercise price of $4.3237 per share, exercisable through July 13, 2030, were also cancelled at the effective time of the merger. The filing states those options were converted into the right to receive cash equal to the excess of the $7.40 Per Share Price over the $4.3237 exercise price, per the Merger Agreement. Following all reported transactions, White's directly held derivative securities balance was also reduced to 0. The form was signed by Tyler Waltman as Attorney-in-Fact on October 28, 2026.

What Was Disclosed

Brett T. White, CEO and Director of Weave Communications, Inc., reported the merger-related cancellation of 2,485,156 common shares and 106,666 stock options on October 26, 2026, with all holdings converted to cash rights at $7.40 per share under a merger agreement with Willow Parent, LLC.