Dave Inc. filings document the regulatory record for a Nasdaq-listed neobank with Class A common stock and redeemable warrants. Recent 8-K reports furnish operating and financial results, preliminary results, guidance-related exhibits, securities registered on Nasdaq, and material events tied to the company’s fintech model, including ExtraCash activity, credit performance metrics, CashAI underwriting, member trends, and Dave Debit Card spend.
The filing record also covers capital structure and governance. Disclosures include a completed Rule 144A offering of 0% Convertible Senior Notes due 2031, capped call transactions, share repurchase activity, warrant terms, definitive proxy materials, director and Audit Committee changes, executive employment-agreement amendments, equity-compensation matters, and executive-pay tables.
Dave Inc. director Michael W. Pope reported selling 544 shares of Class A Common Stock on February 2, 2026 at $162 per share. After this transaction, he beneficially owned 5,831 shares, held directly. The sale was made under a pre-established Rule 10b5-1 trading plan adopted on March 11, 2025, which is designed to allow insiders to sell shares according to a preset schedule.
A shareholder has filed a notice of proposed sale of 544 shares of common stock, to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services on or around 02/02/2026 on the NASDAQ market. The filing lists an aggregate market value of 89047.36 for these shares and states that there were 12,190,000 shares outstanding at the time of the notice. The shares to be sold were acquired as restricted stock units from the issuer on 01/31/2025, with the same date shown as the date of payment. The person for whose account the securities are to be sold represents that they do not know of any undisclosed material adverse information about the issuer’s operations.
Dave Inc. executive Kyle Beilman reported an option exercise and related share acquisition. On January 27, 2026, he exercised a stock option for 5,000 shares of Class A Common Stock at an exercise price of $1.42 per share. Following the transaction, he beneficially owned 155,556 Class A Common shares directly and 22,958 stock options. The filing notes that the option terms were adjusted for a 1-for-32 reverse stock split that took effect on January 5, 2023, and that the option vested 25% on July 15, 2019, with the remainder vesting in equal monthly installments.
Dave Inc. reported several board changes. Imran Khan notified the company on January 20, 2026 of his intention to resign from the Board of Directors, effective upon the appointment of his successor, and the company stated his resignation is not related to any disagreement about its operations, policies, or practices.
On the same date, the Board appointed Nima Khajehnouri as a Class III director, with a term running until the 2027 Annual Meeting of Stockholders, and named him to the Audit Committee. The Board determined he qualifies as an independent director under Nasdaq rules. For 2026 he will receive $50,000 in cash compensation, pro-rated from his start date, and is eligible for a restricted stock unit award valued at $165,000 under the company’s 2021 equity plan, with terms aligned to other outside directors.
The Board also appointed Mike Pope as Lead Independent Director, succeeding Brendan Carroll, who remains on the Board. Andrea Mitchell was named Chair of the Nominating and Corporate Governance Committee, with Mr. Pope continuing as a committee member. The company issued a press release on January 20, 2026 describing these changes.
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.
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.
Dave Inc. Chief Executive Officer and Director Jason Wilk reported a sale of the company’s Class A Common Stock. On 12/02/2025, Wilk sold 7,393 shares of Class A Common Stock at a price of $203.77 per share. After this transaction, he beneficially owned 210,461 Class A shares directly and 47,882 Class A shares indirectly through a trust. According to the filing, the shares were sold to cover tax obligations arising from the acquisition of Class A Common Stock in connection with the settlement of vested restricted stock units (RSUs).
Dave Inc. reported strong Q3 2025 results. Net revenue rose to $150.7 million from $92.5 million a year ago, driven mainly by service-based revenue of $139.2 million (processing and overdraft service fees). Operating expenses were $104.8 million, including a $29.8 million provision for credit losses.
Other items boosted earnings: changes in warrant and earnout liabilities contributed income, and the tax line reflected a $33.6 million benefit. Net income reached $92.1 million (basic EPS $6.84, diluted $6.34). Year-to-date, operating cash flow was $196.7 million.
On the balance sheet, total assets were $433.3 million, including $268.3 million in ExtraCash receivables (allowance $40.2 million) and $49.9 million in cash. Total liabilities were $141.9 million, including a $75.0 million long‑term debt facility. Stockholders’ equity improved to $291.3 million. The company moved to a mandatory overdraft service fee model in February 2025 and discontinued optional tips, reshaping revenue mix. As of October 29, 2025, Class A shares outstanding were 12,190,000; Class V were 1,314,082.
Dave Inc. furnished an 8-K announcing it issued a press release with financial results for the quarter ended September 30, 2025. The press release is provided as Exhibit 99.1 and incorporated by reference.
The information under Item 2.02, including Exhibit 99.1, is furnished and will not be deemed “filed” under the Exchange Act. The filing also lists the company’s Class A common stock (DAVE) and redeemable warrants (DAVEW) on Nasdaq.
Kyle Beilman, identified as CFO, COO and Secretary of Dave Inc. (ticker DAVE), reported insider sales on 09/19/2025. The Form 4 shows two dispositions totaling 59,541 shares of Class A common stock sold at weighted-average prices of $230.06 and $231.00, respectively. The filings state the sales were executed under a Rule 10b5-1 trading plan adopted on June 4, 2025. Following the reported transactions the reporting person’s beneficial ownership is shown as approximately 154,051–154,451 shares (direct ownership). The form is signed by an attorney-in-fact and includes an explanation that the $230.06 price is a weighted average from multiple executions between $230.00 and $230.90.