I've had pan weave, on my 1100 a few times.
First time on the open road with no one around me, doing about 120k. It started when I went off throttle, It was a gusty day so I put it down to the wind. Scared the sh!t out of me, thought I'd blown a tyre.
Two other times have been overtaking bigger vehicles such as trucks or busses. Both times the overtake was around 150k (by the time I was past), there was large disturbance in the air as I passed them. The weave started as I went off throttle. A touch on the rear brake settle things down.
I think my bigger Givi top box (fits 2 helmets) is the cause becasue of airflow vortexes. Any which way the specs inside do say not to exceed 120k, for a reason

Haven't tried to replicate the issue without the box, the weave is something to avoid. I rarely exceed the limit anyway.