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    SEC Form SC 13G/A filed by Weave Communications Inc. (Amendment)

    8/16/23 4:16:13 PM ET
    $WEAV
    Computer Software: Prepackaged Software
    Technology
    Get the next $WEAV alert in real time by email
    SC 13G/A 1 formsc13-ga.htm

     

     

     

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, DC 20549

     

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934

    (Amendment No. 2*)

     

    Weave Communications Inc.

     

    (Name of Issuer)

     

    Common Stock, $0.00001 par value

    (Title of Class of Securities)

     

    94724R108

    (CUSIP Number)

     

    May 8, 2023

    (Date of Event Which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    ☐ Rule 13d-1(b)

     

    ☐ Rule 13d-1(c)

     

    ☒ Rule 13d-1(d)

     

     

    *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

     

     

    CUSIP No. 94724R108

     

    1. NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Lead Edge Capital Management, LLC
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ☐
    (b) ☒

    3. SEC USE ONLY
     
    4. CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    5.

    SOLE VOTING POWER

     

    0

    6.

    SHARED VOTING POWER

     

    0

    7.

    SOLE DISPOSITIVE POWER

     

    0

    8.

    SHARED DISPOSITIVE POWER

     

    0

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    0

    10.

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

     

    ☐

    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    0.00%

    12.

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO, IA

     

     

     

     

    CUSIP No. 94724R108

     

    1. NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Lead Edge Capital Partners IV, LLC
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ☐
    (b) ☒

    3. SEC USE ONLY
     
    4. CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    5.

    SOLE VOTING POWER

     

    0

    6.

    SHARED VOTING POWER

     

    0

    7.

    SOLE DISPOSITIVE POWER

     

    0

    8.

    SHARED DISPOSITIVE POWER

     

    0

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    0

    10.

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

     

    ☐

    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    0.00%

    12.

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    OO

     

     

     

     

    CUSIP No. 94724R108

     

    1. NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Lead Edge Capital IV, LP
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ☐
    (b) ☒

    3. SEC USE ONLY
     
    4. CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    5.

    SOLE VOTING POWER

     

    0

    6.

    SHARED VOTING POWER

     

    0

    7.

    SOLE DISPOSITIVE POWER

     

    0

    8.

    SHARED DISPOSITIVE POWER

     

    0

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    0

    10.

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

     

    ☐

    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    0.00%

    12.

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    PN

     

     

     

     

    CUSIP No. 94724R108

     

    1. NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Mitchell Green
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ☐
    (b) ☒

    3. SEC USE ONLY
     
    4. CITIZENSHIP OR PLACE OF ORGANIZATION
     
    United States of America

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    5.

    SOLE VOTING POWER

     

    0

    6.

    SHARED VOTING POWER

     

    0

    7.

    SOLE DISPOSITIVE POWER

     

    0

    8.

    SHARED DISPOSITIVE POWER

     

    0

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    0

    10.

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

     

    ☐

    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    0.00%

    12.

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    IN, HC

     

     

     

     

    CUSIP No. 94724R108

     

    1. NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Brian Neider
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ☐
    (b) ☒

    3. SEC USE ONLY
     
    4. CITIZENSHIP OR PLACE OF ORGANIZATION
     
    United States of America

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    5.

    SOLE VOTING POWER

     

    0

    6.

    SHARED VOTING POWER

     

    0

    7.

    SOLE DISPOSITIVE POWER

     

    0

    8.

    SHARED DISPOSITIVE POWER

     

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    0

    10.

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

     

    ☐

    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    0.00%

    12.

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    IN, HC

     

     

     

     

    CUSIP No. 94724R108

     

    1. NAME OF REPORTING PERSONS
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

    Nimay Mehta
    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

    (a) ☐
    (b) ☒

    3. SEC USE ONLY
     
    4. CITIZENSHIP OR PLACE OF ORGANIZATION
     
    United States of America

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON WITH
    5.

    SOLE VOTING POWER

     

    0

    6.

    SHARED VOTING POWER

     

    0

    7.

    SOLE DISPOSITIVE POWER

     

    0

    8.

    SHARED DISPOSITIVE POWER

     

    0

    9.

    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

    0

    10.

    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

     

    ☐

    11.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

    0.00%

    12.

    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

     

    IN, HC

     

     

     

     

    CUSIP No. 94724R108

     

    Item 1. (a). Name of Issuer:
         
        Weave Communications, Inc.
         
      (b). Address of issuer’s principal executive offices:
         
        1331 W Powell Way, Lehi, UT, 84043
         
    Item 2. (a). Name of person filing:
         
        Lead Edge Capital Management, LLC
       

    Lead Edge Capital Partners IV, LLC

    Lead Edge Capital IV, LP

       

    Mitchell Green

    Brian Neider

       

    Nimay Mehta

     

         
      (b). Address or principal business office or, if none, residence:
         
        The principal business address of each reporting person is 96 Spring Street, 5th Floor, New York, NY 10012
         
      (c). Citizenship:
         
        Lead Edge Capital Management, LLC – Delaware, USA
       

    Lead Edge Capital Partners IV, LLC – Delaware, USA

    Lead Edge Capital IV, LP – Delaware, USA

       

    Mitchell Green - USA

    Brian Neider – USA

       

    Nimay Mehta - USA

         
      (d). Title of class of securities:
         
        Common Stock, $0.00001 par value
         
      (e). CUSIP No.:
         
        94724R108

     

     

     

     

    Item 3. If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a

     

      (a)   [_]   Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
               
      (b)   [_]   Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
               
      (c)   [_]   Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
               
      (d)   [_]   Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
               
      (e)   [_]   An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
               
      (f)   [_]   An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
               
      (g)   [_]   A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
               
      (h)   [_]   A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);
               
      (i)   [_]   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
               
      (j)   [_]   A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
               
      (k)   [_]   Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

     

     

     

     

    Item 4. Ownership.

     

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

     

    The information required by this Item with respect to each reporting person is set forth in Rows 5 through 9 and 11 of each cover page to this Schedule 13G and is incorporated herein by reference for each such reporting person.

     

    Item 5. Ownership of Five Percent or Less of a Class.

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [x].

     

    N/A

     

    Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

     

    If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.

     

    N/A

     

    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

     

    If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.

     

    N/A

     

     

     

     

    Item 8. Identification and Classification of Members of the Group.

     

    If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d- 1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.

     

    N/A

     

    Item 9. Notice of Dissolution of Group.

     

    Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.

     

    N/A

     

    Item 10. Certification.

     

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

     

     

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     

    Dated: August 16, 2023 Lead Edge Capital Management, LLC
         
      By: /s/ Brian Neider
      Name: Brian Neider
      Title: Managing Member
         
      Lead Edge Capital Partners IV, LLC
         
      By: /s/ Brian Neider
      Name: Brian Neider
      Title: Managing Member
         
      Lead Edge Capital IV, LP
       
      By: Lead Edge Capital Partners IV, LLC
        Its general partner
         
      By: /s/ Brian Neider
      Name: Brian Neider
      Title: Managing Member
         
      /s/ Brian Neider
      Brian Neider
         
      /s/ Nimay Mehta
     

    Nimay Mehta

     

    /s/ Mitchell Green

      Mitchell Green

     

    The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

     

    Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent.

     

    Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

     

     

     

     

    Exhibit 1

     

    Joint Filing Statement

     

    Statement Pursuant to Rule 13d-1(k)(1)

     

    The undersigned hereby consent and agree to file a joint statement on Schedule 13G under the Securities Exchange Act of 1934, as amended, with respect to the Common Stock, $0.00001 par value of Weave Communications Inc. beneficially owned by them, together with any or all amendments thereto, when and if appropriate. The parties hereto further consent and agree to file this Statement pursuant to Rule 13d-1(k)(1)(iii) as an exhibit to Schedule 13G, thereby incorporating the same into such Schedule 13G.

     

    Dated: August 16, 2023 Lead Edge Capital Management, LLC
         
      By: /s/ Brian Neider
      Name: Brian Neider
      Title: Managing Member
         
      Lead Edge Capital Partners IV, LLC
         
      By: /s/ Brian Neider
      Name: Brian Neider
      Title: Managing Member
         
      Lead Edge Capital IV, LP
       
      By: Lead Edge Capital Partners IV, LLC
        Its general partner
         
      By: /s/ Brian Neider
      Name: Brian Neider
      Title: Managing Member
         
      /s/ Brian Neider
      Brian Neider
         
      /s/ Nimay Mehta
     

    Nimay Mehta

       
      /s/ Mitchell Green
      Mitchell Green

     

     

     

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      Weave (NYSE:WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, today announced it will release its financial results for the first quarter 2025 after U.S. markets close on Monday, May 5, 2025. Company management will host a conference call and webcast at 4:30 p.m. ET to discuss Weave's financial results and provide a business update. Individuals interested in listening to the conference call may do so by dialing (412) 902-1020 or toll-free at (877) 502-7186. The live webcast and a webcast replay of the conference call can be accessed from the investor relations page of Weave's website at investors.getweave.com.

      4/23/25 9:00:00 PM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology
    • Weave Announces Fourth Quarter and Full Year 2024 Financial Results

      Fourth quarter total revenue of $54.2 million, up 18.6% year over year Full year total revenue of $204.3 million, up 19.9% year over year Fourth quarter GAAP operating loss of $7.4 million, an improvement of $0.6 million year over year Fourth quarter Non-GAAP operating income of $1.8 million, an improvement of $3.5 million year over year Full year GAAP operating loss of $31.4 million, an improvement of $3.0 million year over year Full year Non-GAAP operating income of $0.8 million, an improvement of $12.4 million year over year Fourth quarter net cash provided by operating activities of $6.7 million, up from net cash provided by operating activities of $3.7 million last year

      2/20/25 4:03:00 PM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology

    $WEAV
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • Weave Communications upgraded by Raymond James with a new price target

      Raymond James upgraded Weave Communications from Outperform to Strong Buy and set a new price target of $15.00

      2/26/24 8:28:23 AM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology
    • Weave Communications upgraded by Piper Sandler with a new price target

      Piper Sandler upgraded Weave Communications from Neutral to Overweight and set a new price target of $15.00 from $8.00 previously

      1/2/24 8:13:21 AM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology
    • Weave Communications upgraded by Loop Capital with a new price target

      Loop Capital upgraded Weave Communications from Hold to Buy and set a new price target of $13.00 from $5.00 previously

      6/26/23 9:09:04 AM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology

    $WEAV
    Insider Trading

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    • Chief Executive Officer White Brett T sold $314,272 worth of shares (29,137 units at $10.79), decreasing direct ownership by 1% to 2,057,247 units (SEC Form 4)

      4 - Weave Communications, Inc. (0001609151) (Issuer)

      5/20/25 4:07:58 PM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology
    • Chief Legal Officer & Corp.Sec Goodsell Erin sold $259,230 worth of shares (24,025 units at $10.79), decreasing direct ownership by 4% to 592,129 units (SEC Form 4)

      4 - Weave Communications, Inc. (0001609151) (Issuer)

      5/20/25 4:06:16 PM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology
    • Chief Product &Technology Ofcr Neish Branden sold $186,208 worth of shares (16,928 units at $11.00), decreasing direct ownership by 3% to 509,083 units (SEC Form 4)

      4 - Weave Communications, Inc. (0001609151) (Issuer)

      5/13/25 4:26:04 PM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology

    $WEAV
    Large Ownership Changes

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    • Amendment: SEC Form SC 13D/A filed by Weave Communications Inc.

      SC 13D/A - Weave Communications, Inc. (0001609151) (Subject)

      12/9/24 7:11:00 PM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13D/A filed by Weave Communications Inc.

      SC 13D/A - Weave Communications, Inc. (0001609151) (Subject)

      11/27/24 4:31:49 PM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13G/A filed by Weave Communications Inc.

      SC 13G/A - Weave Communications, Inc. (0001609151) (Subject)

      11/14/24 4:30:59 PM ET
      $WEAV
      Computer Software: Prepackaged Software
      Technology