Crosslink Capital, Inc., Crosslink Capital Management, LLC, and Michael J. Stark filed Amendment No. 6 to their Schedule 13D on October 28, 2026, disclosing that their beneficial ownership of Weave Communications, Inc. common stock fell to zero following the completion of a merger on October 26, 2026.

Key Highlights

  • Merger completed October 26, 2026: Merger Sub merged with and into Weave Communications, with Weave surviving as a wholly owned subsidiary of Willow Parent, LLC, an affiliate of Francisco Partners Management, L.P.
  • Cash consideration of $7.40 per share: Each share of Weave common stock outstanding immediately prior to the effective time was converted into the right to receive $7.40 in cash, without interest, subject to applicable tax withholding.
  • Reporting Persons' holdings reduced to zero: All three reporting persons - Crosslink Capital, Inc., Crosslink Capital Management, LLC, and Michael J. Stark - report 0.00 shares beneficially owned and 0.0% of the class.
  • Ceased to be 5% holders on October 26, 2026: According to the filing, the Reporting Persons ceased to be beneficial owners of more than five percent of the issuer's common stock on October 26, 2026.
  • Common stock delisted and deregistered: The filing states that, in connection with the consummation of the transactions, the common stock was delisted from the New York Stock Exchange and deregistered under the Securities Exchange Act of 1934.
  • Merger Agreement dated August 18, 2026: The Agreement and Plan of Merger among Weave Communications, Willow Parent, LLC, and Willow Merger Sub, Inc. was originally dated August 18, 2026.

Crosslink Capital's Position in Weave Communications Extinguished by Francisco Partners Merger

According to the filing, Amendment No. 6 to the Schedule 13D was filed by Crosslink Capital, Inc., Crosslink Capital Management, LLC, and Michael J. Stark - collectively the "Reporting Persons" - in connection with the October 26, 2026 closing of the merger involving Weave Communications, Inc. The original Schedule 13D was first filed on November 22, 2021 and had been amended five times prior to this filing. Crosslink and CCM are described in the filing as investment advisers to private investment funds, and Mr. Stark is identified as the control person of Crosslink.

The filing discloses that pursuant to the Agreement and Plan of Merger dated August 18, 2026, Willow Merger Sub, Inc. - a wholly owned subsidiary of Willow Parent, LLC - merged with and into Weave Communications, with Weave surviving as a wholly owned subsidiary of Willow Parent. Parent and Merger Sub are described as affiliates of Francisco Partners Management, L.P. At the effective time of the merger, each share of Weave common stock (subject to specified exceptions for dissenting shares, treasury shares, and shares held by subsidiaries or the acquiror) was "converted automatically into the right to receive $7.40 in cash, without interest, subject to applicable tax withholding," according to the filing.

Each of the three cover pages in the filing reflects 0.00 shares beneficially owned, 0.00 shares under sole or shared voting or dispositive power, and a 0.0% ownership percentage. The filing states that the common stock was delisted from the New York Stock Exchange and deregistered under the Securities Exchange Act of 1934 in connection with the transaction's completion.

What Was Disclosed

Crosslink Capital, Crosslink Capital Management, and Michael J. Stark filed a Schedule 13D amendment on October 28, 2026, reporting that the October 26, 2026 completion of Weave Communications' merger with a Francisco Partners affiliate extinguished their entire beneficial stake at a cash price of $7.40 per share.