Director Debora B. Tomlin of Weave Communications, Inc. filed a Form 4 on October 28, 2026, reporting the cancellation of 124,677 shares of common stock and 106,666 stock options on October 26, 2026, in connection with a merger in which each share was converted into the right to receive $7.40 in cash.

Key Highlights

  • Reporting person: Debora B. Tomlin, director at Weave Communications, Inc. (NASDAQ:WEAV)
  • Transaction date: October 26, 2026, with transaction code D (disposed)
  • Common stock cancelled: 124,677 shares, including previously reported restricted stock units (RSUs) and fully vested deferred RSUs, converted into the right to receive $7.40 per share in cash
  • Stock options cancelled: 106,666 options with an exercise price of $4.3237, converted into the right to receive cash equal to the excess of $7.40 over the exercise price per share
  • Post-transaction ownership: 0 shares of common stock and 0 derivative securities beneficially owned following the transactions
  • Merger parties: The Agreement and Plan of Merger is among Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc.

Merger Cancels Tomlin's Entire Position in Weave Communications

According to the filing, director Debora B. Tomlin disposed of all her equity holdings in Weave Communications, Inc. on October 26, 2026, as a result of the closing of a merger. The filing identifies the counterparties as Willow Parent, LLC and Willow Merger Sub, Inc., operating under an Agreement and Plan of Merger (referred to in the filing as the "Merger Agreement"). At the effective time of the merger (the "Effective Time"), 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 124,677 shares of common stock reported as disposed include shares previously represented by RSUs, including fully vested deferred RSUs, according to the filing. The filing states that "each issued and outstanding RSU was cancelled and converted into the right to receive an amount equal to $7.40 in cash," subject to the terms of the Merger Agreement. Separately, 106,666 stock options with an exercise price of $4.3237 and an expiration date of December 22, 2030 were also cancelled. The filing states those options were "converted into the right to receive an amount in cash equal to the excess of (x) the Per Share Price, over (y) the exercise price per share of such stock option," subject to the Merger Agreement.

Following these transactions, Tomlin's reported beneficial ownership stands at zero shares of common stock and zero derivative securities. The form was signed by Tyler Waltman as Attorney-in-Fact on October 28, 2026.

What Was Disclosed

Director Debora B. Tomlin reported the merger-related cancellation of 124,677 common shares and 106,666 stock options in Weave Communications, Inc. on October 26, 2026, with all equity converted into the right to receive cash at $7.40 per share, leaving her with zero beneficial ownership.