Crosslink Capital Amends Weave Communications Stake

TL;DR

Crosslink Capital updated their Weave (WEAV) filing, watch for changes.

AI Summary

Crosslink Capital Management, LLC, along with its affiliates Crosslink Ventures VII Holdings, L.L.C. and Michael J. Stark, filed an amendment to their Schedule 13D on November 4, 2024, regarding their holdings in Weave Communications, Inc. The filing indicates a change in their beneficial ownership as of October 31, 2024. Specific details on the percentage change or new ownership stake are not provided in this excerpt.

Why It Matters

This amendment signals a potential shift in the ownership structure or investment strategy of a significant shareholder in Weave Communications, Inc., which could influence the company's future direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in a significant shareholder's position, which can lead to increased volatility or strategic shifts for the company.

Key Players & Entities

• Crosslink Capital Management, LLC (company) — Filing entity
• Crosslink Ventures VII Holdings, L.L.C. (company) — Affiliated filing entity
• Michael J. Stark (person) — Affiliated filing entity
• Weave Communications, Inc. (company) — Subject company
• Maureen Offer (person) — Authorized to receive notices

FAQ

Key Financial Figures

• $0.0 — Inc. (Name of Issuer) Common stock, $0.0 001 par value per share (Title of Cla

Filing Documents

• tm2427487d1_sc13da.htm (SC 13D/A) — 68KB
• tm2427487d1_ex99-1.htm (EX-99.1) — 6KB
• 0001104659-24-114015.txt ( ) — 75KB

Interest in Securities of the

Item 5. Interest in Securities of the Issuer

of the Schedule 13D is hereby amended

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) See rows (11) and (13) of the cover pages of this Amendment for the aggregate number of shares of Stock and percentages of the shares of Stock beneficially owned by each Filer. Calculations of the percentage of the shares of Stock beneficially owned is based on 71,813,071 shares of Stock outstanding as of August 2, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on August 7, 2024. (b) See rows (7) through (10) on the cover pages of this Amendment for the number of shares of Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. (c) The Filers engaged in the following transactions in the Issuer’s Stock in the 60 days preceding the date of this Schedule 13D: Name Transaction Date Number of Shares Price Per Share The Funds In-kind Distribution 10/31/2024 739,314 * ** The Funds Sale 11/01/2024 89,555 $ 12.98 * Represents the number of shares distributed by the Funds to their respective limited partners. Additionally, 204,218 shares were distributed by the Funds to Ventures GP, the general partner of the distributing Funds, which shares are held directly by Ventures GP. ** The in-kind distribution was effected for no additional consideration. (d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the shares of Stock beneficially owned by any of the Reporting Persons. (e) Not applicable.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits

of the Statement is hereby amended and

Item 7 of the Statement is hereby amended and supplemented as follows: Exhibit 99.1 Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G. 6

SIGNATURES

SIGNATURES 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: November 4, 2024 Crosslink Capital, Inc. By: /s/ Maureen Offer Name: Maureen Offer Title: Chief Financial Officer Crosslink Capital Management, LLC By: /s/ Maureen Offer Name: Maureen Offer Title: Chief Financial Officer Crosslink Ventures VII Holdings, L.L.C. By: /s/ Maureen Offer Name: Maureen Offer Title: Chief Financial Officer /s/ Michael J. Stark Michael J. Stark ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001). 7 Exhibit(s): Exhibit 99.1 Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G.

View Full Filing

View this SC 13D/A filing on SEC EDGAR