Sec Form 4 Filing - CROSSLINK CAPITAL INC @ Weave Communications, Inc. - 2023-05-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
CROSSLINK CAPITAL INC
2. Issuer Name and Ticker or Trading Symbol
Weave Communications, Inc. [ WEAV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
2180 SAND HILL ROAD, SUITE 200
3. Date of Earliest Transaction (MM/DD/YY)
05/24/2023
(Street)
MENLO PARK, CA94025
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/24/2023 A 22,469 ( 1 ) ( 2 ) A $ 0 8,927,676 I See Note 3 ( 3 )
Common Stock 05/24/2023 A 1,887 ( 1 ) ( 2 ) A $ 0 716,101 I See Note 4 ( 4 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CROSSLINK CAPITAL INC
2180 SAND HILL ROAD
SUITE 200
MENLO PARK, CA94025
X
Signatures
/s/ Mihaly Szigeti 05/26/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents a total of 24,356 restricted stock units (the "RSUs") granted to David Silverman, a managing partner at Crosslink Capital, Inc. ("Crosslink") and a manager of Crosslink Capital Management, LLC ("CCM") as a director of the Issuer. Each RSU represents the right to receive one share of the Issuer's Common Stock upon vesting. The RSUs will vest in full on the earlier of (i) May 24, 2024, and (ii) the date of the first annual meeting of the Issuer's stockholders following May 24, 2023, and 24,356 share of Common Stock will be issued to private investment funds for which Crosslink or CCM serves as the investment adviser (the "Funds"). Such grant is exempt from Section 16(b) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act"), in reliance on Rule 16b-3(d).
( 2 )Crosslink, on behalf of its affiliated funds, investment vehicles and/or managed accounts, designated Mr. Silverman to be appointed to the Issuer's board of directors in October 2015. Pursuant to an agreement between Crosslink and Mr. Silverman, Mr. Silverman has agreed to pay Crosslink or its nominee all of his director compensation and has instructed the Issuer to pay all such compensation directly to Crosslink or its nominee. Accordingly, the Funds are the direct holders of the RSUs.
( 3 )Certain of the Funds advised by Crosslink hold these securities directly for the benefit of their investors. These securities may be deemed to be beneficially owned indirectly by Crosslink as the investment adviser to those Funds and by Mr. Stark as the control person of Crosslink.
( 4 )The securities are held directly by a Fund advised by CCM for the benefit of its investors. These securities may be deemed to be beneficially owned indirectly by CCM as the investment adviser to that Fund.

Remarks:
The reporting persons are Crosslink Capital, Inc. ("Crosslink"). Crosslik Capital Management, LLC ("CCM"), and Michael J. Stark. Crosslink is the investment adviser to certain Funds. Crosslink is filing this report on behalf of itself and the other reporting persons. The reporting persons are filing this Form 4 jointly, but not as a group. Crosslink and CCM are related entities and may constitute a group within the meaning of Rule 13d-5(b) under the Securities and Exchange Act of 1934. Each other reporting person expreslly disclaims membership in a group. The reporting persons disclaim beneficial ownership of the securities reported herein except to the extent of their respectice pecuniary interests therein.

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