Director David Richard Silverman filed a Form 4 on October 28, 2026, disclosing the disposition of 125,106 shares of Weave Communications, Inc. common stock on October 26, 2026, in connection with the closing of a merger in which each share was converted into the right to receive $7.40 in cash.

Key Highlights

  • Reporting person: David Richard Silverman, director at Weave Communications, Inc. (NYSE:WEAV) and managing partner at Crosslink Capital, Inc.
  • Shares disposed: 125,106 shares of common stock on October 26, 2026, with transaction code D (disposed).
  • Merger consideration: Each outstanding share was cancelled and converted into the right to receive $7.40 in cash (the "Per Share Price") pursuant to the Merger Agreement.
  • RSUs included: Certain of the disposed shares were represented by previously reported restricted stock units, each of which was cancelled at the effective time of the merger and converted into the right to receive the $7.40 Per Share Price.
  • Beneficial ownership following transaction: 0 shares of common stock beneficially owned directly following the reported transaction.
  • Disclaimer of beneficial ownership: The filing states that Silverman held RSUs for the exclusive benefit of private investment funds advised by Crosslink or CCM, and disclaims beneficial ownership except to the extent of his pecuniary interest, if any.

Merger Triggers Full Disposition of Silverman's Weave Communications Holdings

According to the filing, the disposition arose from an Agreement and Plan of Merger (the "Merger Agreement") among Willow Parent, LLC, Willow Merger Sub, Inc., and Weave Communications, Inc. At the effective time of the merger, each issued and outstanding share of the company's common stock was cancelled and converted into the right to receive $7.40 in cash, which the filing identifies as the "Per Share Price." As a result, Silverman's direct beneficial ownership of common stock was reduced to zero following the transaction.

The filing notes that a portion of the 125,106 shares were represented by previously reported restricted stock units. At the effective time of the merger, each outstanding RSU was cancelled and converted into the right to receive the $7.40 Per Share Price, subject to the terms set forth in the Merger Agreement. Silverman is identified in the filing as a managing partner at Crosslink Capital, Inc. and a manager of Crosslink Capital Management, LLC ("CCM").

The filing further discloses that Silverman held the RSUs "for the exclusive benefit of private investment funds for which Crosslink or CCM serves as the investment adviser." The filing states that Silverman "disclaims beneficial ownership of such securities except to the extent of his pecuniary interest, if any," and that inclusion of the RSUs in the report "shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or any other purpose."

What Was Disclosed

Director David Richard Silverman reported the disposal of 125,106 shares of Weave Communications common stock on October 26, 2026, at $7.40 per share pursuant to a merger agreement, leaving him with zero shares of direct beneficial ownership.