Marcus Bertilson, Chief Operating Officer of Weave Communications, Inc., filed a statement of changes in beneficial ownership on October 28, 2026, reporting the disposition of 736,821 shares of common stock on October 26, 2026, following the completion of a merger that converted all outstanding shares into a cash payment of $7.40 per share.

Key Highlights

  • Reporting person: Marcus Bertilson, Chief Operating Officer of Weave Communications, Inc. (NYSE:WEAV)
  • Transaction date: October 26, 2026, with the filing signed and dated October 28, 2026
  • Shares disposed: 736,821 shares of common stock, coded "D" (disposed), with zero shares beneficially owned following the transaction
  • Per share cash consideration: $7.40 per share, referred to in the filing as the "Per Share Price"
  • Merger parties: The Agreement and Plan of Merger involved Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc.
  • RSU treatment: Outstanding restricted stock units were cancelled and converted into the right to receive $7.40 in cash per unit, with unvested RSU cash payments remaining subject to continued service through applicable vesting dates

Merger Converts Bertilson's WEAV Holdings to Cash at $7.40 Per Share

According to the filing, Weave Communications, Inc. entered into an Agreement and Plan of Merger with Willow Parent, LLC and Willow Merger Sub, Inc. At the effective time of the merger, each issued and outstanding share of Weave Communications common stock was "cancelled and converted into the right to receive an amount in cash equal to the Per Share Price," which the filing sets at $7.40. As a result of this conversion, Marcus Bertilson's direct beneficial ownership of common stock fell to zero following the reported transaction on October 26, 2026.

Weave Communications is a software company focused on customer communication and engagement tools serving small and medium-sized healthcare businesses. The filing discloses that a portion of Bertilson's 736,821 disposed shares was represented by previously reported restricted stock units. At the effective time of the merger, those RSUs were cancelled and converted into the right to receive $7.40 in cash per unit. However, according to the filing, cash payments tied to unvested RSUs "are subject to the Reporting Person'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 filing was signed by Tyler Waltman as attorney-in-fact on behalf of Bertilson.

The transaction code recorded in Table I is "D," designating a disposition of directly held securities. No derivative securities were reported in Table II of the filing. The filing was submitted as a report by one reporting person and does not indicate that it is an amendment to a prior filing.

What Was Disclosed

This filing reported that Weave Communications COO Marcus Bertilson disposed of 736,821 shares of common stock on October 26, 2026, at a cash consideration of $7.40 per share, reducing his direct beneficial ownership to zero, following the closing of the merger with Willow Parent, LLC and Willow Merger Sub, Inc.