Crosslink Capital Amends Weave Communications Stake

TL;DR

Crosslink Capital just updated their Weave stake. Watch this one.

AI Summary

On November 27, 2024, Crosslink Capital Management, LLC, Crosslink Ventures VII Holdings, L.L.C., and Michael J. Stark filed an amendment (SC 13D/A) regarding their beneficial ownership of Weave Communications, Inc. The filing indicates a change in their holdings, with the date of the event requiring this filing being November 26, 2024.

Why It Matters

This filing signals a potential shift in the ownership structure or strategy of Weave Communications, Inc., which could impact its stock price and future business decisions.

Risk Assessment

Risk Level: medium — Schedule 13D/A filings often indicate significant changes in beneficial ownership, which can lead to increased volatility and strategic shifts for the company.

Key Players & Entities

• Crosslink Capital Management, LLC (company) — Filing group member
• Crosslink Ventures VII Holdings, L.L.C. (company) — Filing group member
• Michael J. Stark (person) — Filing group member
• Weave Communications, Inc. (company) — Subject company
• Crosslink Capital Inc (company) — Filing entity
• 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

• tm2429672d1_sc13da.htm (SC 13D/A) — 91KB
• tm2429672d1_ex99-1.htm (EX-99.1) — 7KB
• 0001104659-24-123719.txt ( ) — 100KB

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 72,771,106 shares of Stock outstanding as of November 1, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 8, 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 effected the following transactions in the Issuer’s Stock since the most recent amendment to this Schedule 13D: Name Transaction Date No. Shares Weighted Average Price ($) Low Price ($) High Price ($) The Funds In-kind Distribution 11/05/2024 75,733 (1) (2) (2) (2) The Funds Sale 11/06/2024 125,000 13.99 13.95 14.09 The Funds Sale 11/08/2024 60,000 14.29 14.11 14.50 The Funds Sale 11/13/2024 15,000 14.04 13.87 14.13 The Funds Sale 11/19/2024 100,000 13.61 13.58 13.69 The Funds Sale 11/20/2024 77,831 13.86 13.70 14.00 The Funds Sale 11/21/2024 34,200 13.66 13.48 13.83 The Funds Sale 11/25/2024 45,552 14.02 14.00 14.10 The Funds Sale 11/26/2024 198,056 14.06 13.95 14.18 Ventures GP In-kind Distribution 11/26/2024 193,668 (3) (2) (2) (2) (1) Represents the number of shares distributed by the Funds to their respective limited partners. (2) The in-kind distribution was effected for no additional consideration. (3) Represents the number of shares distributed by Ventures GP to its members. Of the shares distributed by Ventures GP, Mr. Stark and another entity advised by Crosslink received 35,

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: Exhibit99.1 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 27, 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): Exhibit99.1 Agreement Regarding Joint Filing of Statement on Schedule 13D or 13G. 8

View Full Filing

View this SC 13D/A filing on SEC EDGAR