Dave CEO enters $10.9M stock forward deal

Dave Inc. CEO Jason Wilk entered a variable prepaid forward on 37,090 shares, receiving $10.9 million upfront for a future share-or-cash settlement.

Rhea-AI Filing Summary

Dave Inc./DE (symbol: DAVE) is the issuer of record for a Form 4 filing submitted to the SEC. Wilk Jason reported acquisition or exercise transactions in this Form 4 filing.

Dave Inc./DE (DAVE) reported that Chief Executive Officer and director Jason Wilk entered into a variable prepaid forward contract on September 11, 2026, covering 37,090 shares of Class A Common Stock. Wilk received an upfront cash payment of $10.9 million and pledged 37,090 shares as collateral, while retaining voting rights in these shares. On a settlement date on or about August 30, 2029, he must either deliver a variable number of shares or, at his election subject to conditions, settle the contract in cash, with the share delivery formula tied to a minimum price of $319.33 and a maximum price of $481.48.

Insider Trade Summary

Other: 37,090 shares

Other 1 txn

Insider Wilk Jason

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Other	Variable Prepaid Forward Contract (obligation to sell) F1, F2, F3	37,090	--	--

Holdings After Transaction: Variable Prepaid Forward Contract (obligation to sell) — 37,090 contracts (Direct)

Footnotes (3)

1. F1. On September 11, 2026, the Reporting Person entered into a variable prepaid forward contract with an unaffiliated counterparty. The contract obligates the Reporting Person to deliver shares of Dave Inc. (the "Issuer") Class A Common Stock or, at the Reporting Person's election subject to certain conditions, settle the contract in cash, on a settlement date on or about August 30, 2029 (the "Maturity Date"). In exchange, the Reporting Person will receive an upfront cash payment of $10.9 million. The Reporting Person pledged 37,090 shares of the Issuer's Class A Common Stock (the "Subject Shares") to secure his obligations under the contract. The Reporting Person will retain all voting rights in the Subject Shares during the term of the pledge.
2. F2. If the Reporting Person does not elect to settle the contract in cash, the number of shares of the Issuer's Class A Common Stock that may be delivered by the Reporting Person following the Maturity Date will generally be determined as follows: (a) if the closing price of shares of the Issuer's Class A Common Stock on the Maturity Date (the "Settlement Price") is less than $481.48 (the "Maximum Price") but greater than $319.33 (the "Minimum Price"), the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Subject Shares multiplied by a ratio equal to the Minimum Price divided by the Settlement Price;
3. F3. [Continued from footnote 2] (b) if the Settlement Price is equal to or greater than the Maximum Price on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Subject Shares multiplied by a ratio equal to a fraction with a numerator equal to the sum of (A) the Minimum Price and (B) the excess, if any, of the Settlement Price over the Maximum Price, and a denominator equal to the Settlement Price; and (c) if the Settlement Price is equal to or less than the Minimum Price on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Subject Shares.

Key Figures

Shares pledged (Subject Shares): 37,090 shares Upfront cash payment: $10.9 million Transaction date: September 11, 2026 +4 more

7 metrics

Shares pledged (Subject Shares) 37,090 shares Shares of Dave Inc. Class A Common Stock pledged under the contract

Upfront cash payment $10.9 million Cash received by Jason Wilk for entering the variable prepaid forward

Transaction date September 11, 2026 Date Jason Wilk entered into the variable prepaid forward contract

Maturity Date on or about August 30, 2029 Settlement date for the variable prepaid forward contract

Minimum Price $319.33 Threshold price used in the share-delivery formula if Settlement Price is above this level

Maximum Price $481.48 Upper threshold price used in the share-delivery formula at maturity

Underlying security shares 37,090 shares Underlying Dave Inc. Class A Common Stock tied to the derivative

Key Terms

variable prepaid forward contract, Maturity Date, Settlement Price, Minimum Price, +1 more

5 terms

variable prepaid forward contract financial

"entered into a variable prepaid forward contract with an unaffiliated"

Maturity Date financial

"on a settlement date on or about August 30, 2029 (the "Maturity Date")"

The maturity date is the specific day when a loan, bond, or investment reaches its full term and the borrower must repay the borrowed amount in full. It is important for investors because it indicates when they will receive their initial money back and can plan their future financial steps accordingly. Think of it as the due date for a loan or the day a gift card or coupon expires.

Settlement Price financial

"if the closing price ... on the Maturity Date (the "Settlement Price")"

Minimum Price financial

"greater than $319.33 (the "Minimum Price"), the Reporting Person"

The minimum price is the lowest allowable or acceptable price at which a security, share offering, product, or sale can be bought or sold. Think of it like the smallest tag on a store item that the seller will accept; for investors it sets a floor for entry or sale, affects potential returns and liquidity, and can influence demand by limiting purchases below that level.

Maximum Price financial

"less than $481.48 (the "Maximum Price") but greater than"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did DAVE CEO Jason Wilk report in this Form 4 transaction?

Jason Wilk entered into a variable prepaid forward contract on September 11, 2026, involving 37,090 shares of Dave Inc. Class A Common Stock. He received an upfront cash payment of $10.9 million and pledged the same number of shares as collateral.

How many DAVE shares are covered and pledged under Jason Wilk’s contract?

The contract covers and pledges 37,090 shares of Dave Inc. Class A Common Stock, referred to as the Subject Shares. These shares secure Wilk’s obligations under the variable prepaid forward contract during its term.

When does Jason Wilk’s variable prepaid forward on DAVE shares mature?

The contract specifies a settlement date on or about August 30, 2029, defined as the Maturity Date. After this date, Jason Wilk will either deliver a variable number of Dave Inc. shares or, subject to conditions, settle the contract in cash.

What cash did Jason Wilk receive from the DAVE share forward contract?

In exchange for entering the variable prepaid forward contract, Jason Wilk received an upfront cash payment of $10.9 million. This payment is secured by a pledge of 37,090 shares of Dave Inc. Class A Common Stock.

How is the number of DAVE shares Jason Wilk may deliver determined?

If Jason Wilk does not elect cash settlement, the shares he may deliver depend on the Settlement Price on the Maturity Date relative to the Minimum Price of $319.33 and Maximum Price of $481.48, using formulas based on these thresholds and the 37,090 Subject Shares.

Does Jason Wilk retain voting rights in the pledged DAVE shares?

Yes. The disclosure states that Jason Wilk will retain all voting rights in the 37,090 Subject Shares of Dave Inc. Class A Common Stock during the term of the pledge under the variable prepaid forward contract.

Was Jason Wilk’s DAVE forward contract under a Rule 10b5-1 trading plan?

No. The filing indicates that no Rule 10b5-1 plan is reported for this variable prepaid forward contract; the Rule 10b5-1 checkbox is not marked as applicable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/15/2026 - 05:00 PM Accepted by SEC EDGAR 09/15/2026 - 05:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wilk Jason

(Last) (First) (Middle)

1265 SOUTH COCHRAN AVE

(Street)

LOS ANGELES CALIFORNIA 90019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Dave Inc./DE [ DAVE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Variable Prepaid Forward Contract (obligation to sell)	(1)(2)(3)	09/11/2026		J/K		37,090		(1)(2)(3)	(1)(2)(3)	Class A Common Stock	37,090	(1)(2)(3)	37,090	D

Explanation of Responses:

1. On September 11, 2026, the Reporting Person entered into a variable prepaid forward contract with an unaffiliated counterparty. The contract obligates the Reporting Person to deliver shares of Dave Inc. (the "Issuer") Class A Common Stock or, at the Reporting Person's election subject to certain conditions, settle the contract in cash, on a settlement date on or about August 30, 2029 (the "Maturity Date"). In exchange, the Reporting Person will receive an upfront cash payment of $10.9 million. The Reporting Person pledged 37,090 shares of the Issuer's Class A Common Stock (the "Subject Shares") to secure his obligations under the contract. The Reporting Person will retain all voting rights in the Subject Shares during the term of the pledge.

2. If the Reporting Person does not elect to settle the contract in cash, the number of shares of the Issuer's Class A Common Stock that may be delivered by the Reporting Person following the Maturity Date will generally be determined as follows: (a) if the closing price of shares of the Issuer's Class A Common Stock on the Maturity Date (the "Settlement Price") is less than $481.48 (the "Maximum Price") but greater than $319.33 (the "Minimum Price"), the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Subject Shares multiplied by a ratio equal to the Minimum Price divided by the Settlement Price;

3. [Continued from footnote 2] (b) if the Settlement Price is equal to or greater than the Maximum Price on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Subject Shares multiplied by a ratio equal to a fraction with a numerator equal to the sum of (A) the Minimum Price and (B) the excess, if any, of the Settlement Price over the Maximum Price, and a denominator equal to the Settlement Price; and (c) if the Settlement Price is equal to or less than the Minimum Price on the Maturity Date, the Reporting Person will deliver a number of shares of the Issuer's Class A Common Stock equal to the Subject Shares.

	/s/ Joan Aristei as Attorney-in-Fact for Jason Wilk	09/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)