Dave (DAVE) director granted 637 RSU shares in equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Preston Dan reported acquisition or exercise transactions in this Form 4 filing.
Dave Inc. director Preston Dan reported an equity compensation grant of Class A Common Stock. He received 637 shares underlying a restricted stock unit (RSU) award granted in connection with annual director compensation under the company’s Amended and Restated 2021 Equity Incentive Plan.
The RSU vests in full on the earlier of June 2, 2027, or the date of Dave Inc.’s next annual shareholder meeting, as long as he continues serving on the Board through that date. After this award, Dan holds a total of 5,741 shares of Class A Common Stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Preston Dan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 637 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 5,741 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU shares granted: 637 shares
Transaction price per share: $0.00 per share
Total shares after transaction: 5,741 shares
+1 more
4 metrics
RSU shares granted
637 shares
Class A Common Stock RSU award to director
Transaction price per share
$0.00 per share
Equity compensation grant, not market purchase
Total shares after transaction
5,741 shares
Director’s direct holdings following RSU grant
RSU vesting date
June 2, 2027
Or earlier at next annual shareholder meeting
Key Terms
restricted stock unit award, Amended and Restated 2021 Equity Incentive Plan, Class A Common Stock, annual shareholder's meeting
4 terms
restricted stock unit award financial
"Represents shares of Class A Common Stock underlying a restricted stock unit award ("RSU") granted under the Issuer's Amended and Restated 2021 Equity Incentive Plan"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Amended and Restated 2021 Equity Incentive Plan financial
"RSU granted under the Issuer's Amended and Restated 2021 Equity Incentive Plan in connection with annual awards to directors"
Class A Common Stock financial
"Represents shares of Class A Common Stock underlying a restricted stock unit award ("RSU") granted under the Issuer's Amended and Restated 2021 Equity Incentive Plan"
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.
FAQ
What did Dave (DAVE) director Preston Dan report in this Form 4?
Director Preston Dan reported receiving 637 shares of Class A Common Stock underlying a restricted stock unit award. The grant is part of Dave Inc.’s annual equity compensation for directors serving on the company’s Board of Directors.
When do Preston Dan’s new Dave (DAVE) RSUs vest?
The restricted stock unit award vests in full on the earlier of June 2, 2027, or the date of Dave Inc.’s next annual shareholder meeting, provided Preston Dan continues serving as a member of the Board of Directors through the vesting date.
Under which equity plan was Preston Dan’s Dave (DAVE) RSU award granted?
The restricted stock unit award was granted under Dave Inc.’s Amended and Restated 2021 Equity Incentive Plan. This plan governs equity-based compensation, including director awards, and sets the terms under which RSUs and other equity awards are issued.