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Dave Inc. received an updated ownership report from G1 Execution Services, LLC and Susquehanna Securities, LLC regarding its Class A Common Stock. The Reporting Persons together report beneficial ownership of 291,325 Shares, representing 2.5% of the class, based on 11,441,201 Shares outstanding as of June 30, 2026.
G1 Execution Services, LLC’s holdings include 38 Shares issuable upon exercise of warrants, while Susquehanna Securities, LLC’s holdings include options to buy 289,500 Shares. Each entity reports both sole and shared voting and dispositive power and states they may be deemed a group, while each disclaims beneficial ownership of Shares owned directly by the other.
Key Figures
Beneficial ownership:291,325 SharesPercent of class:2.5 %Shares outstanding:11,441,201 Shares+4 more
7 metrics
Beneficial ownership291,325 SharesTotal Shares beneficially owned by the Reporting Persons
Percent of class2.5 %Portion of Dave Inc. Class A Common Stock reported as beneficially owned
Shares outstanding11,441,201 SharesClass A Common Stock outstanding as of June 30, 2026
G1 warrants component38 SharesShares issuable upon exercise of warrants included in G1’s beneficial ownership
Susquehanna options289,500 SharesOptions to buy Shares included in Susquehanna’s beneficial ownership
G1 sole voting power43.00 SharesShares over which G1 Execution Services, LLC has sole voting power
Susquehanna sole voting power291,282.00 SharesShares over which Susquehanna Securities, LLC has sole voting power
Key Terms
beneficial ownership, sole voting power, shared dispositive power, warrants to purchase Shares, +2 more
6 terms
beneficial ownershipfinancial
"The information required by this Item 4(a) is set forth in Row 9..."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
sole voting powerfinancial
"5 | Sole Voting Power 43.00 6 | Shared Voting Power 291,325.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
shared dispositive powerfinancial
"8 | Shared Dispositive Power 291,325.00"
warrants to purchase Sharesfinancial
"includes 38 Shares issuable upon the exercise of warrants to purchase Shares"
options to buyfinancial
"includes options to buy 289,500 Shares"
Options to buy are contracts that give the owner the right, but not the obligation, to purchase a stock at a predetermined price before a set expiry date. Think of it like reserving the right to buy a concert ticket at today’s price if demand later pushes the price up — they let investors benefit from rising shares while limiting potential loss to the amount paid for the contract.
ownership of 5 percent or less of a classregulatory
"Item 5. | Ownership of 5 Percent or Less of a Class."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Dave Inc. (DAVE) do G1 Execution Services and Susquehanna Securities report?
G1 Execution Services and Susquehanna Securities report beneficial ownership of 291,325 Shares of Dave Inc. Class A Common Stock, representing 2.5% of the class, based on 11,441,201 Shares outstanding as of June 30, 2026.
How many Dave Inc. (DAVE) shares are outstanding for this ownership calculation?
The ownership percentage is based on 11,441,201 Shares of Dave Inc. Class A Common Stock outstanding as of June 30, 2026, as indicated in the company’s Quarterly Report on Form 10-Q filed on August 5, 2026.
What portion of Dave Inc. (DAVE) stock does G1 Execution Services, LLC hold and in what form?
G1 Execution Services, LLC reports beneficial ownership included in the 291,325 Shares total, which incorporates 38 Shares issuable upon the exercise of warrants, and reports both sole and shared voting and dispositive power over certain Shares.
What portion of Dave Inc. (DAVE) stock does Susquehanna Securities, LLC hold and in what form?
Susquehanna Securities, LLC’s beneficial ownership, part of the 291,325 Shares total, includes options to buy 289,500 Shares of Dave Inc. Class A Common Stock, with reported sole and shared voting and dispositive power over these holdings.
Do the reporting broker-dealers claim group status in this Dave Inc. (DAVE) filing?
G1 Execution Services, LLC and Susquehanna Securities, LLC state they are affiliated independent broker-dealers that may be deemed a group, but each disclaims beneficial ownership of Shares owned directly by the other reporting person.
Is the reported Dave Inc. (DAVE) ownership above or below 5% of the class?
The Reporting Persons state that their aggregate beneficial ownership of Dave Inc. Class A Common Stock is 2.5% of the class, and they explicitly indicate ownership of 5 percent or less of the outstanding Shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Dave Inc.
(Name of Issuer)
Class A Common Stock, $0.0001 par value per share
(Title of Class of Securities)
23834J201
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
23834J201
1
Names of Reporting Persons
G1 Execution Services, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ILLINOIS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
43.00
6
Shared Voting Power
291,325.00
7
Sole Dispositive Power
43.00
8
Shared Dispositive Power
291,325.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
291,325.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.5 %
12
Type of Reporting Person (See Instructions)
BD, OO
Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.
SCHEDULE 13G
CUSIP Number(s):
23834J201
1
Names of Reporting Persons
Susquehanna Securities, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
291,282.00
6
Shared Voting Power
291,325.00
7
Sole Dispositive Power
291,282.00
8
Shared Dispositive Power
291,325.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
291,325.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.5 %
12
Type of Reporting Person (See Instructions)
BD, OO
Comment for Type of Reporting Person: With respect to Row 5 through Row 9 above, G1 Execution Services, LLC and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group. For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons. Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Dave Inc.
(b)
Address of issuer's principal executive offices:
1265 South Cochran Ave, Los Angeles, CA 90019
Item 2.
(a)
Name of person filing:
This statement is filed by the entities listed below, who are collectively referred to herein as "Reporting Persons" with respect to the shares of Class A Common Stock, $0.0001 par value per share (the "Shares"), of Dave Inc. (the "Company").
(i) G1 Execution Services, LLC
(ii) Susquehanna Securities, LLC
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of G1 Execution Services, LLC is:
175 W. Jackson Blvd.
Suite 1700
Chicago, IL 60604
The address of the principal business office of Susquehanna Securities, LLC is:
401 E. City Avenue
Suite 220
Bala Cynwyd, PA 19004
(c)
Citizenship:
Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(d)
Title of class of securities:
Class A Common Stock, $0.0001 par value per share
(e)
CUSIP No.:
23834J201
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by this Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
The number of Shares reported as beneficially owned by G1 Execution Services, LLC includes 38 Shares issuable upon the exercise of warrants to purchase Shares. The number of Shares reported as beneficially owned by Susquehanna Securities, LLC includes options to buy 289,500 Shares.
The Company's Quarterly Report on Form 10-Q, filed on August 5, 2026, indicates that there were 11,441,201 Shares outstanding as of June 30, 2026.
(b)
Percent of class:
2.5 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by this Item 4(c)(i) is set forth in Row 5 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(ii) Shared power to vote or to direct the vote:
The information required by this Item 4(c)(ii) is set forth in Row 6 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(iii) Sole power to dispose or to direct the disposition of:
The information required by this Item 4(c)(iii) is set forth in Row 7 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(iv) Shared power to dispose or to direct the disposition of:
The information required by this Item 4(c)(iv) is set forth in Row 8 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
