Dave holder Beilman enters prepaid deal on 40K shares

Rhea-AI Filing Summary

Dave Inc. (DAVE) reports that stockholder Kyle Beilman has filed a Form 144 in connection with a variable prepaid forward contract secured by up to 40,000 shares of Class A Common Stock of Dave Inc. The actual number of shares to be delivered will depend on Dave’s share price at settlement relative to an agreed minimum and maximum price, with the aggregate not exceeding 40,000 shares. Subject to certain conditions, Mr. Beilman may instead settle the contract in cash and retain the pledged shares, while any related hedging activity will be conducted by Morgan Stanley & Co. LLC.

Key Figures

Maximum shares secured by contract: 40,000 shares of Class A Common Stock Open market purchase: 700 shares Vesting of stock awards: 33,555 shares +3 more

6 metrics

Maximum shares secured by contract 40,000 shares of Class A Common Stock Secured under a variable prepaid forward contract entered into by Kyle Beilman

Open market purchase 700 shares Class A Common Stock acquired on March 14, 2023 by open market purchase

Vesting of stock awards 33,555 shares Class A Common Stock from vesting of stock awards on July 11, 2025

Stock option exercise 5,000 shares Class A Common Stock from exercise of stock options on January 28, 2026

Additional vesting of stock awards 745 shares Class A Common Stock from vesting of stock awards on March 9, 2026

Date of Notice September 11, 2026 Form 144 notice date for the variable prepaid forward contract

Key Terms

variable prepaid forward contract, Rule 144, hedging activity

3 terms

variable prepaid forward contract financial

"Mr. Beilman entered into a variable prepaid forward contract with an unaffiliated counterparty"

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

hedging activity financial

"Any hedging activity in connection with the variable prepaid forward contract"

Hedging activity is when a company or investor takes steps to protect themselves from price swings in things like currencies, interest rates, commodities or stock values — similar to buying insurance against bad moves. It matters to investors because hedging can make a company’s future profits and cash flow more predictable (reducing risk) but can also limit upside gains, so disclosures about hedging show how much risk management affects potential returns and volatility.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Dave Inc. (DAVE) Form 144 filing by Kyle Beilman disclose?

It discloses that Kyle Beilman entered into a variable prepaid forward contract secured by up to 40,000 shares of Dave Inc. Class A Common Stock, with the number of shares to be delivered determined by the future share price within agreed minimum and maximum prices.

How many Dave Inc. (DAVE) shares are pledged under the variable prepaid forward contract?

The contract is secured by up to 40,000 shares of Dave Inc. Class A Common Stock. The actual number of shares ultimately delivered will be based on the share price at settlement relative to agreed minimum and maximum prices, and cannot exceed 40,000 shares.

Can the Dave Inc. (DAVE) shareholder keep the pledged shares under this contract?

Yes. The filing states that, subject to certain conditions, Kyle Beilman may elect to settle the variable prepaid forward contract in cash and thereby retain ownership of the pledged Dave Inc. Class A Common Stock shares instead of delivering them.

Who will conduct hedging activity related to the Dave Inc. (DAVE) variable prepaid forward contract?

The filing states that any hedging activity in connection with the variable prepaid forward contract will be conducted by Morgan Stanley & Co. LLC, which is named as the broker involved in the transaction.

What prior transactions contributed to Kyle Beilman’s Dave Inc. (DAVE) share holdings?

The filing lists several events, including an open market purchase of 700 shares on March 14, 2023, vesting of 33,555 shares from stock awards on July 11, 2025, a stock option exercise for 5,000 shares on January 28, 2026, and vesting of 745 shares on March 9, 2026.

On what date was the Dave Inc. (DAVE) Form 144 notice filed for this transaction?

The Date of Notice in the Form 144 is September 11, 2026, and the notice is signed by /s/ Kyle Beilman.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/11/2026 - 09:00 PM EDT Accepted by SEC EDGAR 09/11/2026 - 09:00 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001889438
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Dave Inc./DE
SEC File Number	001-40161
Address of Issuer	1265 South Cochran Ave Los Angeles CALIFORNIA 90019
Phone	844-857-3283
Name of Person for Whose Account the Securities are To Be Sold	Beilman Kyle
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A Common Stock	Morgan Stanley & Co. LLC 1585 Broadway New York NY 10036	40000	14028400	11441425	09/11/2026	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common Stock	03/14/2023	Open market purchase	Open market purchase			700	03/14/2023	Cash
Class A Common Stock	07/11/2025	Vesting of stock awards	Issuer			33555	07/11/2025	N/A
Class A Common Stock	01/28/2026	Exercise of stock options	Issuer			5000	01/28/2026	Cash
Class A Common Stock	03/09/2026	Vesting of stock awards	Issuer			745	03/09/2026	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks	On the date hereof, Mr. Beilman entered into a variable prepaid forward contract with an unaffiliated counterparty, secured by up to 40,000 shares of Class A Common Stock of Dave Inc. (the "Issuer"). The actual number of shares of Class A Common Stock to be delivered by Mr. Beilman under the variable prepaid forward contract will be determined based on the price of the Issuer's Class A Common Stock at settlement relative to an agreed minimum price and maximum price, with the aggregate number not to exceed 40,000 shares of Class A Common Stock. Subject to certain conditions, Mr. Beilman can also elect to settle the variable prepaid forward contract in cash and thereby retain ownership of the pledged shares of Class A Common Stock of the Issuer. Any hedging activity in connection with the variable prepaid forward contract will be conducted by the broker named above.
Date of Notice	09/11/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Kyle Beilman
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)