Joseph David McNeil, Chief Revenue Officer of Weave Communications, Inc., filed a Form 4 on October 28, 2026, reporting the disposal of 733,200 shares of common stock on October 26, 2026, in connection with a merger agreement that converted each share into the right to receive $7.40 in cash.

Key Highlights

  • Transaction date: October 26, 2026, with 733,200 shares of common stock disposed of (code D).
  • Per Share Price: Each share of Weave Communications common stock was cancelled and converted into the right to receive $7.40 in cash, according to the filing.
  • Beneficial ownership after transaction: McNeil reported zero shares of common stock directly owned following the transaction.
  • Merger parties: The filing identifies the merger as involving Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc.
  • RSU treatment: Certain of the disposed shares were represented by previously reported restricted stock units (RSUs), which were cancelled and converted into the right to receive $7.40 per share in cash at the effective time of the merger.
  • Unvested RSU cash payments: Cash payments relating to unvested RSUs remain subject to McNeil's continued service with the Surviving Corporation through applicable vesting dates, per the filing.

McNeil's Shareholding Reduced to Zero Following Weave Communications Merger

According to the Form 4 filed with the SEC, Joseph David McNeil, serving as Chief Revenue Officer of Weave Communications, Inc. (NASDAQ:WEAV), reported the disposal of 733,200 shares of common stock on October 26, 2026. The disposal was recorded under transaction code D and carried a price tied to the merger agreement's per share consideration of $7.40. Following the reported transaction, McNeil's direct beneficial ownership of Weave Communications common stock stands at zero shares.

The filing attributes the share disposal to an Agreement and Plan of Merger among Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc. Under that agreement, the filing states, "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." The filing notes that certain of the 733,200 shares were represented by previously reported RSUs, each of which was "cancelled and converted into the right to receive an amount equal to $7.40 in cash" at the effective time of the merger.

With respect to unvested RSUs, the filing specifies that cash payments are conditioned on McNeil's "continued service with the Surviving Corporation (as defined in the Merger Agreement) through the applicable vesting dates that would have otherwise applied to the corresponding RSU." The Form 4 was signed by Tyler Waltman as Attorney-in-Fact on October 28, 2026. No derivative securities transactions were reported in Table II of the filing.

What Was Disclosed

This Form 4 discloses the merger-related cancellation and cash conversion of 733,200 shares of Weave Communications common stock held by Chief Revenue Officer Joseph David McNeil, reducing his direct beneficial ownership to zero, with unvested RSU cash proceeds subject to continued service conditions.