Dave Inc. (DAVE) director Yadin Rozov steps down from board for personal reasons
Rhea-AI Filing Summary
Dave Inc. reports that director Yadin Rozov resigned from the Board of Directors effective August 12, 2026. The company states that his decision was for personal reasons and not due to any disagreement regarding operations, policies, or practices. The Board and the company express appreciation for his service and contributions. Dave Inc. also reiterates that its Class A common stock trades under the symbol DAVE and its redeemable warrants under DAVEW on The Nasdaq Stock Market LLC, with each lot of 32 warrants exercisable for one share of Class A common stock at an exercise price of $368 per share.
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Director resignation effective date: August 12, 2026
Warrants per share: 32 warrants per share
Warrant exercise price: $368 per share
+1 more
4 metrics
Director resignation effective date
August 12, 2026
Date on which director Yadin Rozov’s resignation from the Board became effective
Warrants per share
32 warrants per share
Each lot of 32 redeemable warrants exercisable for one share of Class A common stock
Warrant exercise price
$368 per share
Exercise price for each share of Class A common stock under the redeemable warrants
Filing signature date
August 14, 2026
Date on which the report was signed by the Chief Financial Officer and Chief Operating Officer
Key Terms
Emerging growth company, Redeemable warrants, Exercise price, Nasdaq Stock Market LLC
4 terms
Emerging growth company regulatory
"Emerging growth company Item 5.02 Departure of Directors or Certain Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Redeemable warrants financial
"Redeemable warrants, each lot of 32 warrants exercisable for one share"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
Exercise price financial
"each at an exercise price of $368 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Nasdaq Stock Market LLC market
"DAVEW | | The Nasdaq Stock Market LLC"
Nasdaq Stock Market LLC is the company that operates the Nasdaq electronic stock exchange, a large centralized marketplace where shares of publicly traded companies are listed and bought and sold. Think of it as a high-speed digital auction house and storefront combined: being listed there gives a company visibility and easier access to many buyers, while investors benefit from transparent prices, fast trades and regulated rules that help protect fair trading.
FAQ
Why did director Yadin Rozov resign from Dave Inc. (DAVE)?
Dave Inc. reports that Yadin Rozov resigned from its Board on August 12, 2026 for personal reasons. The company states his resignation was not related to any disagreement regarding its operations, policies, or practices.
When did the Dave Inc. (DAVE) board resignation become effective?
The resignation of director Yadin Rozov from Dave Inc.’s Board of Directors became effective immediately on August 12, 2026. This date marks the end of his term and board service with the company.
Did Dave Inc. (DAVE) report any disagreement linked to Yadin Rozov’s resignation?
Dave Inc. states that there was no disagreement between the company and Yadin Rozov related to its operations, policies, or practices. His resignation from the Board is described as being for personal reasons only.
What securities of Dave Inc. (DAVE) are listed on Nasdaq and under which symbols?
Dave Inc.’s Class A common stock trades on The Nasdaq Stock Market LLC under symbol DAVE. Its redeemable warrants, with each lot of 32 warrants exercisable for one common share, trade under symbol DAVEW.
What are the key terms of Dave Inc. (DAVE) redeemable warrants mentioned?
Dave Inc. describes its redeemable warrants as each lot of 32 warrants being exercisable for one share of Class A common stock at an exercise price of $368 per share. These warrants trade on Nasdaq under the symbol DAVEW.
AI-generated analysis. How Rhea-AI works. Not financial advice.
