Weave Communications Executives Sell Shares Amid Stock Decline

Four senior executives at Weave Communications have collectively sold company stock valued at more than $480,000 this week, according to recent SEC filings. The transactions occurred on Tuesday and involved the company’s CEO, CFO, Chief Revenue Officer, and Chief Operating Officer.

The communications software provider clarified that these sales were conducted exclusively to cover tax obligations resulting from the vesting of Restricted Stock Units (RSUs). This standard corporate practice typically doesn’t signal concern, as the executives continue to maintain substantial ownership positions in Weave.

Despite these insider transactions, institutional investors demonstrate continued confidence in Weave Communications. Institutional ownership represents 86.83% of the company’s total shares. Voya Investment Management notably increased its stake by 26.2% during the first quarter, while... Read more...