Dave Inc. (DAVE) director Imran Khan discloses planned insider share sales

Rhea-AI Filing Summary

Dave Inc. director Imran Khan reported multiple open-market sales of the company’s Class A common stock on December 15 and 16, 2025. The transactions were executed indirectly through Proem Investments Master Fund LP and Proem Special Situations Fund I, LP and were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025.

The reported shares were sold at weighted average prices in ranges that span from about $189.08 up to $200.03 per share across multiple trades. After these transactions, Khan continued to beneficially own 22,886 shares of Class A common stock indirectly through Proem Investments Master Fund LP and 33,473 shares indirectly through Proem Special Situations Fund I, LP.

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).

X

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^*

Khan Imran

(Last) (First) (Middle)

C/O DAVE INC.

1265 S. COCHRAN AVENUE

(Street)

LOS ANGELES CA 90019

(City) (State) (Zip)

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		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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

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

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

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
Class A Common Stock	12/15/2025		S(1)		340	D	$189.32(2)	48,546	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		4,262	D	$190.77(3)	44,284	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		4,422	D	$191.56(4)	39,862	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		4,088	D	$192.56(5)	35,774	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		700	D	$193.5(6)	35,074	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		400	D	$194.86(7)	34,674	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		300	D	$195.47(8)	34,374	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		457	D	$196.96(9)	33,917	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		264	D	$197.77(10)	33,653	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		79	D	$198.71	33,574	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		111	D	$200.03	33,463	I	By Proem Investments Master Fund LP
Class A Common Stock	12/15/2025		S(1)		424	D	$189.55(11)	48,461	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		4,298	D	$190.8(12)	44,163	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		4,516	D	$191.59(13)	39,647	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		3,662	D	$192.57(14)	35,985	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		900	D	$193.48(6)	35,085	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		400	D	$194.71(15)	34,685	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		300	D	$195.47(8)	34,385	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		512	D	$196.89(16)	33,873	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		188	D	$197.66(17)	33,685	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		100	D	$198.93(18)	33,585	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/15/2025		S(1)		112	D	$200.03	33,473	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		214	D	$189.55(19)	33,249	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		49	D	$190.66(20)	33,200	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		700	D	$192.42(21)	32,500	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		700	D	$193.42(22)	31,800	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		1,123	D	$194.63(23)	30,677	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		2,074	D	$195.52(24)	28,603	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		3,156	D	$196.42(25)	25,447	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		2,561	D	$197.48(26)	22,886	I	By Proem Investments Master Fund LP

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

Explanation of Responses:

1. The sales reported on this Form 4 were executed pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on behalf of Proem Investments Master Fund, LP and Proem Special Situations Fund I, LP on March 14, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.08 to $190.06, 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.09 to $191.08, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.10 to $192.09, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.10 to $193.09, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.15 to $194.06, inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.16 to $195.14, inclusive.

8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.16 to $195.62, inclusive.

9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.64 to $197.63, inclusive.

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.65 to $198.47, inclusive.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.10 to $190.09, inclusive.

12. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.11 to $191.08, inclusive.

13. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.11 to $192.09, inclusive.

14. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.11 to $193.09, inclusive.

15. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.16 to $195.10, inclusive.

16. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.28 to $197.26, inclusive.

17. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.45 to $197.93, inclusive.

18. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.83 to $198.94, inclusive.

19. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $189.37 to $190.13, inclusive.

20. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.55 to $190.82, inclusive.

21. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.00 to $192.99, inclusive.

22. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $193.00 to $193.75, inclusive.

23. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.00 to $194.98, inclusive.

24. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.00 to $195.99, inclusive.

25. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.00 to $196.99, inclusive.

26. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.00 to $197.98, inclusive.

Remarks:

Due to the limitation on the number of transactions that can be reported on a single Form 4, this Form 4 is the first of two being filed by the Reporting Person on the date hereof.

	/s/ Joan Aristei as Attorney-in-Fact for Imran Khan	12/17/2025
	** 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.

FAQ

What does the latest Form 4 for Dave Inc. (DAVE) report?

The Form 4 reports that director Imran Khan sold shares of Dave Inc. Class A common stock in multiple open-market transactions on December 15 and 16, 2025, executed indirectly through investment funds he is associated with.

Who is the reporting person in this Dave Inc. (DAVE) insider filing?

The reporting person is Imran Khan, who is identified in the filing as a director of Dave Inc., with the transactions reported as indirect holdings through Proem Investments Master Fund LP and Proem Special Situations Fund I, LP.

On what dates did the Dave Inc. (DAVE) insider stock sales occur and at what price ranges?

The sales occurred on December 15, 2025 and December 16, 2025. The filing states that the weighted average prices for the transactions were based on multiple trades in price ranges such as $189.08 to $190.06, $190.09 to $191.08, and up to $197.00 to $197.98 per share, with some trades at $200.03.

Were the Dave Inc. (DAVE) insider sales made under a Rule 10b5-1 trading plan?

Yes. The explanation of responses states that the sales were executed pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on behalf of Proem Investments Master Fund, LP and Proem Special Situations Fund I, LP on March 14, 2025.

How many Dave Inc. (DAVE) shares does the insider report owning after these transactions?

After the reported transactions, the filing shows that Imran Khan beneficially owned 22,886 shares of Class A common stock indirectly through Proem Investments Master Fund LP and 33,473 shares indirectly through Proem Special Situations Fund I, LP.

How are the stock prices in the Dave Inc. (DAVE) Form 4 described?

For each group of transactions, the Form 4 notes that the price reported is a weighted average price for shares sold in multiple trades within specified price ranges, for example $192.10 to $193.09 or $196.00 to $196.99 per share.