Dave CEO sells shares for RSU tax obligations
Dave Inc. Chief Executive Officer Jason Wilk reported open-market sales of Class A Common Stock primarily to cover taxes on vested equity.
Rhea-AI Filing Summary
Dave Inc. Chief Executive Officer Jason Wilk reported open-market sales of Class A Common Stock primarily to cover taxes on vested equity. On 2026-06-02, he sold a total of 8,474 shares in several transactions at reported prices including $275.01, $276.55, and within a weighted average range of $277.30 to $277.63. The filing explains these sales were made to satisfy tax obligations arising from the settlement of vested restricted stock units. After the transactions, Wilk holds 299,950 shares directly and an additional 47,882 shares indirectly through a trust.
Positive
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Negative
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Insider Trade Summary
Net Seller: 8,474 shares
Net Sell
4 txns
Insider
Wilk Jason
Role
Chief Executive Officer
Sold
8,474 shs ($2.33M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 80 | $277.49 | $22K |
| Sale | Class A Common Stock | 104 | $276.55 | $29K |
| Sale | Class A Common Stock | 8,290 | $275.01 | $2.28M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 299,950 shares (Direct);
Class A Common Stock — 47,882 shares (Indirect, By Trust)
Footnotes (2)
- F1. Shares of the Issuer's Class A Common Stock were sold to satisfy tax obligations relating to the acquisition of shares of the Issuer's Class A Common Stock in connection with the settlement of the vested portion of restricted stock units.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.30 to $277.63, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
Key Figures
Shares sold: 8,474 shares
Sale price example: $275.01 per share
Sale price example: $276.55 per share
+3 more
6 metrics
Shares sold
8,474 shares
Total sellShares reported for 2026-06-02
Sale price example
$275.01 per share
Open-market sale price on 2026-06-02
Sale price example
$276.55 per share
Open-market sale price on 2026-06-02
Weighted average range
$277.30–$277.63 per share
Multiple transactions price range disclosed in footnote
Direct holdings after
308,344 shares
Direct Class A Common Stock after transactions
Indirect holdings after
47,882 shares
Indirect Class A Common Stock held by trust
Key Terms
Class A Common Stock, restricted stock units, weighted average price, open-market sale, +1 more
5 terms
Class A Common Stock financial
"Shares of the Issuer's Class A Common Stock were sold to satisfy tax obligations"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
restricted stock units financial
"relating to the acquisition of shares ... in connection with the settlement of the vested portion of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"total_shares_following_transaction": "47882.0000" ... "ownership_type": "indirect""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Dave (DAVE) CEO Jason Wilk report in this Form 4?
Jason Wilk reported selling shares of Dave Class A Common Stock on June 2, 2026. The Form 4 details several open-market sales and his updated direct and indirect share ownership positions following these transactions.
What does the weighted average price disclosure mean in this Dave (DAVE) Form 4?
The weighted average price disclosure means shares were sold in multiple trades within a price range. For this filing, sales occurred between $277.30 and $277.63, and the reported figure represents the average price across those individual transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
