Dave Inc (DAVE) director discloses 10b5-1 insider stock sales by funds

Rhea-AI Filing Summary

Dave Inc. director reports planned stock sales by affiliated funds. A reporting person who serves as a director of Dave Inc. disclosed multiple indirect sales of Class A Common Stock on 12/16/2025 through Proem Investments Master Fund LP and Proem Special Situations Fund I, LP. The trades were coded as sales and executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 14, 2025.

The Form 4 shows several separate transactions, each at a weighted average price, with individual trades occurring in ranges between $189.37 and $198.94 per share. Following these transactions, Proem Investments Master Fund LP is reported as indirectly holding 18,789 shares of Class A Common Stock, and Proem Special Situations Fund I, LP is reported as indirectly holding 18,735 shares.

Insider Trade Summary

Net Seller: 18,835 shares ($3,709,407)

Net Sell 11 txns

Insider Khan Imran

Role Director

Sold 18,835 shs ($3.71M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	4,006	$198.50	$795K
Sale	Class A Common Stock	91	$199.06	$18K
Sale	Class A Common Stock	211	$189.54	$40K
Sale	Class A Common Stock	52	$190.94	$10K
Sale	Class A Common Stock	500	$192.20	$96K
Sale	Class A Common Stock	900	$193.33	$174K
Sale	Class A Common Stock	1,068	$194.62	$208K
Sale	Class A Common Stock	1,923	$195.52	$376K
Sale	Class A Common Stock	3,336	$196.45	$655K
Sale	Class A Common Stock	2,946	$197.53	$582K
Sale	Class A Common Stock	3,802	$198.57	$755K

Holdings After Transaction: Class A Common Stock — 18,880 shares (Indirect, By Proem Investments Master Fund LP)

Footnotes (1)

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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.00 to $198.90, 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. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.68 to $191.25, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.82 to $192.44, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.99 to $193.75, inclusive. 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 $194.97, inclusive. 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. 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. 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 $197.99, inclusive. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.00 to $198.94, inclusive.

Form 4 Insider Transactions: What Each Field Means →

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)
12/16/2025

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	12/16/2025		S(1)		4,006	D	$198.5(2)	18,880	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		91	D	$199.06	18,789	I	By Proem Investments Master Fund LP
Class A Common Stock	12/16/2025		S(1)		211	D	$189.54(3)	33,262	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		52	D	$190.94(4)	33,210	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		500	D	$192.2(5)	32,710	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		900	D	$193.33(6)	31,810	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		1,068	D	$194.62(7)	30,742	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		1,923	D	$195.52(8)	28,819	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		3,336	D	$196.45(9)	25,483	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		2,946	D	$197.53(10)	22,537	I	By Proem Special Situations Fund I, LP
Class A Common Stock	12/16/2025		S(1)		3,802	D	$198.57(11)	18,735	I	By Proem Special Situations Fund I, 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 $198.00 to $198.90, 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 $189.37 to $190.13, inclusive.

4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $190.68 to $191.25, inclusive.

5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $191.82 to $192.44, inclusive.

6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $192.99 to $193.75, inclusive.

7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.00 to $194.97, inclusive.

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

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

10. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $197.00 to $197.99, inclusive.

11. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.00 to $198.94, 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 second 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 insider transaction did Dave Inc (DAVE) disclose in this Form 4?

A Dave Inc. director reported multiple indirect sales of Class A Common Stock on 12/16/2025 by Proem Investments Master Fund LP and Proem Special Situations Fund I, LP.

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

Yes. The filing states the sales were executed under a Rule 10b5-1 trading plan adopted on March 14, 2025 on behalf of the Proem funds.

What prices were reported for the Dave Inc (DAVE) stock sales?

Each line shows a weighted average price, with actual trades occurring in price ranges from $189.37 to $198.94 per share, as detailed in the notes.

How many Dave Inc (DAVE) shares do the Proem funds hold after these transactions?

After the reported sales, Proem Investments Master Fund LP is shown holding 18,789 shares, and Proem Special Situations Fund I, LP is shown holding 18,735 shares of Class A Common Stock.

Is this Dave Inc (DAVE) Form 4 the only filing for these insider sales?

No. The remarks explain this is the second of two Forms 4 filed by the reporting person on the same date due to limits on transactions per form.

How are the Dave Inc (DAVE) insider holdings reported in this Form 4?

The holdings are reported as indirect ownership (I), with shares held by Proem Investments Master Fund LP and Proem Special Situations Fund I, LP on behalf of the reporting person.