Dave CEO has 7,809 shares withheld for taxes
Dave Inc. CEO Jason Wilk reported shares withheld to cover taxes on RSU vesting, with substantial direct and trust holdings remaining.
Rhea-AI Filing Summary
Dave Inc. (DAVE) reported an insider tax-withholding transaction by Chief Executive Officer and director Jason Wilk. On September 2, 2026, 7,809 shares of Class A Common Stock were withheld by the company to satisfy tax obligations upon vesting of restricted stock units, at a reported value of $372.85 per share, leaving Wilk with 292,141 shares held directly. In addition, 47,882 shares are reported as held indirectly by a trust.
No Rule 10b5-1 trading plan is indicated for this filing.
Positive
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Negative
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Insights
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Insider Trade Summary
Tax Withholding: 7,809 shares
Tax Withholding
2 txns
Insider
Wilk Jason
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1 | 7,809 | $372.85 | $2.91M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 292,141 shares (Direct);
Class A Common Stock — 47,882 shares (Indirect, By Trust)
Footnotes (1)
- F1. Represents shares of Class A Common Stock withheld by the Issuer to satisfy tax withholding upon the vesting of restricted stock units.
Key Figures
Shares withheld for taxes: 7,809 shares
Share value for tax withholding: $372.85 per share
Direct holdings after transaction: 292,141 shares
+2 more
5 metrics
Shares withheld for taxes
7,809 shares
Class A Common Stock withheld on September 2, 2026 for RSU tax withholding
Share value for tax withholding
$372.85 per share
Value applied to 7,809 withheld shares on September 2, 2026
Direct holdings after transaction
292,141 shares
Class A Common Stock held directly by Jason Wilk after September 2, 2026
Indirect trust holdings
47,882 shares
Class A Common Stock held indirectly by trust associated with Jason Wilk
Exercise price or tax-liability transactions
1 transaction, 7,809 shares
Code F tax-liability payment via share withholding in this Form 4
Key Terms
restricted stock units, tax withholding, Class A Common Stock, indirect
4 terms
restricted stock units financial
"upon the vesting 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.
tax withholding financial
"to satisfy tax withholding upon the vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Class A Common Stock financial
"Represents shares of Class A Common Stock withheld"
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.
indirect financial
"shares are reported as held indirectly by a trust"
FAQ
What did DAVE CEO Jason Wilk report in this Form 4 filing?
Jason Wilk reported that 7,809 shares of Dave Inc. Class A Common Stock were withheld by the company on September 2, 2026 to satisfy tax withholding from vesting restricted stock units, leaving him with significant remaining direct and trust-held shares.
Does Jason Wilk have any indirect holdings of DAVE stock?
Yes. The Form 4 reports 47,882 shares of Dave Inc. Class A Common Stock held indirectly by a trust associated with Jason Wilk, separate from his direct holdings.
Was this DAVE insider transaction made under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, and there is no footnote stating that the tax-withholding transaction occurred under a pre-arranged 10b5-1 trading plan.
Is the reported DAVE transaction a market sale by Jason Wilk?
No. The Form 4 describes the transaction as shares withheld by the issuer to pay tax withholding upon RSU vesting, not an open-market sale by Jason Wilk.
AI-generated analysis. How Rhea-AI works. Not financial advice.
