Weave Communications, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2023

Stock-based compensation expense, consisting of service-based expense related to the equity incentive plan, including expense from stock options and restricted stock units, and the employee stock purchase plan, as well as expenses related to secondary sales of shares of Company common stock,

was classified as follows in the accompanying condensed consolidated statements of operations for each of the periods presented (in thousands):


	Three Months Ended March 31,
	2023		2022
Cost of revenue	$	213	$	148
Sales and marketing	964		697
Research and development	930		552
General and administrative	2,406		2,028
Total	$	4,513	$	3,425

Schedule of Stock Option Activity

Stock option activity was as follows:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)	Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2022	4,185,876	$	6.32	5.03	$	3,470
Exercisable as of December 31, 2022	3,060,997	$	6.47	3.87	$	3,286

Granted	—	$	—


Exercised	(41,175)	$	1.76
Forfeited and expired	(230,775)	$	6.16
Outstanding as of March 31, 2023	3,913,926	$	6.38	4.38	$	3,928
Exercisable as of March 31, 2023	3,101,573	$	6.43	3.42	$	3,744

Schedule of Restricted Stock Unit Activity

Restricted Stock Unit activity was as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2022	8,278,361	$	5.51

Granted	57,137	$	5.38
Vested	(586,640)	$	6.43
Canceled	(291,799)	$	5.77
Outstanding as of March 31, 2023	7,457,059	$	5.42