Director Adrian McDermott filed a Form 4 with the SEC on October 28, 2026, disclosing the disposition of 76,249 shares of Weave Communications, Inc. common stock on October 26, 2026, as a result of a merger that cancelled all outstanding shares at $7.40 per share in cash.

Key Highlights

  • Reporting person: Adrian McDermott, listed as a Director of Weave Communications, Inc.
  • Shares disposed: 76,249 shares of common stock were disposed of (transaction code D) on October 26, 2026.
  • Post-transaction ownership: McDermott's directly held beneficial ownership of common stock stands at 0 shares following the transaction.
  • Per share price: Each share was cancelled and converted into the right to receive $7.40 in cash, according to the filing.
  • RSUs included: Certain of the disposed shares were represented by previously reported restricted stock units, including fully vested deferred RSUs, each also cancelled and converted at $7.40 per share.
  • Merger parties: The Merger Agreement involved Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc.

Weave Communications Merger Cancels McDermott's Stake at $7.40 Per Share

According to the Form 4 filed on October 28, 2026, director Adrian McDermott reported the disposition of 76,249 shares of Weave Communications, Inc. (NASDAQ:WEAV) common stock, with the transaction dated October 26, 2026. The filing indicates that following the reported transaction, McDermott holds 0 shares of common stock directly, reflecting a complete cancellation of his position.

The filing attributes the disposition to a merger governed by an Agreement and Plan of Merger among Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc. According to the filing, "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," which the filing defines as $7.40. The filing further notes that certain of the disposed shares were represented by previously reported RSUs, including fully vested deferred RSUs, each of which "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.

The Form 4 was signed by Tyler Waltman as Attorney-in-Fact on behalf of McDermott on October 28, 2026. No derivative securities are reported in Table II of the filing. The transaction code recorded is D, indicating a disposition of securities.

What Was Disclosed

Director Adrian McDermott disclosed the cancellation of 76,249 Weave Communications shares on October 26, 2026, at $7.40 per share in cash, pursuant to a merger agreement with Willow Parent, LLC and Willow Merger Sub, Inc., leaving him with zero directly held shares.