Bessemer Venture Partners IX L.P. - 15 Nov 2021 Form 4 Insider Report for Weave Communications, Inc. (WEAV)

Role
10%+ Owner
Signature
/s/ Scott Ring, General Counsel, Deer IX & Co. Ltd., the General Partner of Deer IX I & Co. L.P., the General Partner of Bessemer Venture Partners IX L.P.
Issuer symbol
WEAV
Transactions as of
15 Nov 2021
Net transactions value
$0
Form type
4
Filing time
17 Nov 2021, 20:53:13 UTC
Previous filing
16 Nov 2021
Next filing
23 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WEAV Common Stock Conversion of derivative security +5,444,282 +257% 7,566,659 15 Nov 2021 See Footnotes F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WEAV Series AA Preferred Stock Conversion of derivative security $0 -4,766,263 -100% $0.000000* 0 15 Nov 2021 Common Stock 4,766,263 See Footnotes F1, F3, F4
transaction WEAV Series C Preferred Stock Conversion of derivative security $0 -619,059 -100% $0.000000* 0 15 Nov 2021 Common Stock 619,059 See Footnotes F1, F3, F5
transaction WEAV Series D Preferred Stock Conversion of derivative security $0 -58,960 -100% $0.000000* 0 15 Nov 2021 Common Stock 58,960 See Footnotes F1, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Preferred Stock automatically converted into one (1) share of the Issuer's Common Stock, for no additional consideration, immediately prior to the consummation of the Issuer's initial public offering on November 15, 2021, and had no expiration date.
F2 As of the date hereof, Bessemer Venture Partners IX Institutional L.P. ("BVP IX Inst") and Bessemer Venture Partners IX, L.P. ("BVP IX", and together with BVP IX Inst referred to collectively, the "Funds") own 3,365,649 shares of Common Stock and 4,201,010 shares of Common Stock, respectively.
F3 Deer IX & Co. Ltd. ("Deer Ltd.") is the general partner of Deer IX & Co. L.P. ("Deer L.P."), which is the general partner of each of the Funds. Deer Ltd. and Deer L.P. disclaim beneficial ownership of the securities held by the Funds, and this report shall not be deemed an admission that Deer Ltd. and Deer L.P. are the beneficial owners of such securities, except to the extent of their pecuniary interest therein, if any, by virtue of their direct and indirect general partner interests in the Funds.
F4 Prior to the conversion of the Preferred Stock described in footnote (1) above, BVP IX Inst and BVP IX owned 2,120,034 shares of Series AA Preferred Stock and 2,646,229 shares of Series AA Preferred Stock, respectively.
F5 Prior to the conversion of the Preferred Stock described in footnote (1) above, BVP IX Inst and BVP IX owned 275,357 shares of Series C Preferred Stock and 343,702 shares of Series C Preferred Stock, respectively.
F6 Prior to the conversion of the Preferred Stock described in footnote (1) above, BVP IX Inst and BVP IX owned 26,225 shares of Series D Preferred Stock and 32,735 shares of Series D Preferred Stock, respectively