Dave CFO enters $5.2M prepaid share contract

Dave Inc. CFO and COO Kyle Beilman entered a prepaid variable forward contract on 25,650 shares of Class A Common Stock.

Rhea-AI Filing Summary

Dave Inc. CFO and COO Kyle Beilman entered a prepaid variable forward contract on 25,650 shares of Class A Common Stock. On May 29, 2026, he agreed with an unaffiliated counterparty to either deliver shares or, at his election subject to conditions, settle in cash around June 15, 2028.

Beilman will receive an upfront cash payment of $5.2 million and pledged 25,650 shares to secure his obligations, while retaining voting, dividend and other rights in these shares during the pledge. The number of shares ultimately delivered will vary based on the stock price relative to a Minimum Price of $220.39 and a Maximum Price of $429.75 at maturity.

Insider Trade Summary

Other: 25,650 shares

Other 1 txn

Insider Beilman Kyle

Role CFO and COO and Secretary

Type	Security	Shares	Price	Value
Other	Prepaid Variable Forward Contract (obligation to sell)	25,650	$0.00	$0.00

Holdings After Transaction: Prepaid Variable Forward Contract (obligation to sell) — 25,650 contracts (Direct)

Footnotes (3)

1. F1. On May 29, 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 June 15, 2028 (the "Maturity Date"). In exchange, the Reporting Person will receive an upfront cash payment of $5.2 million. The Reporting Person pledged 25,650 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, dividend and other 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 prior to the Maturity Date (the "Settlement Price") is less than $429.75 (the "Maximum Price") but greater than $220.39 (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 Common Stock equal to the Subject Shares.

Key Figures

Shares pledged: 25,650 shares Upfront cash payment: $5.2 million Minimum Price: $220.39 +3 more

6 metrics

Shares pledged 25,650 shares Class A Common Stock pledged as Subject Shares

Upfront cash payment $5.2 million Cash received under prepaid variable forward

Minimum Price $220.39 Lower settlement threshold for share delivery formula

Maximum Price $429.75 Upper settlement threshold for share delivery formula

Maturity Date June 15, 2028 Approximate settlement date of the contract

Underlying shares 25,650 shares Underlying Class A Common Stock for the derivative

Key Terms

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

5 terms

prepaid variable forward contract financial

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

Maturity Date financial

"on a settlement date on or about June 15, 2028 (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.

Minimum Price financial

"greater than $220.39 (the "Minimum Price"), the Reporting Person will deliver"

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 $429.75 (the "Maximum Price") but greater than $220.39"

Settlement Price financial

"If the Settlement Price is equal to or greater than the Maximum Price"

FAQ

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

What did Dave (DAVE) executive Kyle Beilman do in this Form 4 filing?

Kyle Beilman entered a prepaid variable forward contract on 25,650 Dave Class A shares. He received $5.2 million upfront, pledged these shares as collateral, and may later deliver shares or settle the contract in cash around the June 15, 2028 maturity date.

How many Dave (DAVE) shares are subject to Kyle Beilman’s prepaid variable forward?

The contract covers 25,650 shares of Dave Class A Common Stock. These “Subject Shares” are pledged as collateral, but Beilman keeps voting, dividend, and other rights during the contract term until final settlement around the June 15, 2028 maturity date.

How much cash does Kyle Beilman receive under the Dave (DAVE) prepaid variable forward?

Beilman receives an upfront cash payment of $5.2 million under the contract. In return, he pledged 25,650 Dave Class A shares and agreed to deliver a variable number of shares or settle in cash, depending on the stock price at maturity in June 2028.

When does the prepaid variable forward for Dave (DAVE) mature?

The prepaid variable forward is scheduled to settle on or about June 15, 2028, the stated Maturity Date. After that date, Beilman must either deliver a calculated number of Dave Class A shares or, subject to conditions, elect to settle the contract in cash instead.

How is the number of Dave (DAVE) shares delivered under the contract determined?

The number of shares delivered depends on the Settlement Price relative to a $220.39 Minimum Price and $429.75 Maximum Price. Different formulas apply if the stock price is between, above, or below these levels at maturity, using the 25,650 pledged shares as the base.

Does Kyle Beilman keep voting rights on the Dave (DAVE) shares in the contract?

Yes. Despite pledging 25,650 shares as collateral, Beilman retains all voting, dividend, and other rights in these Dave Class A shares during the term of the pledge. Only after maturity will he deliver shares or cash based on the contract terms.

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

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Accepted by SEC EDGAR 05/29/2026 - 06:32 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^*

Beilman Kyle

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO and COO and Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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
Prepaid Variable Forward Contract (obligation to sell)	(1)(2)(3)	05/29/2026		J/K		25,650		(1)(2)(3)	(1)(2)(3)	Class A Common Stock	25,650	(1)(2)(3)	25,650	D

Explanation of Responses:

1. On May 29, 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 June 15, 2028 (the "Maturity Date"). In exchange, the Reporting Person will receive an upfront cash payment of $5.2 million. The Reporting Person pledged 25,650 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, dividend and other 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 prior to the Maturity Date (the "Settlement Price") is less than $429.75 (the "Maximum Price") but greater than $220.39 (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 Common Stock equal to the Subject Shares.

	/s/ Kyle Beilman	05/29/2026
	** 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)