Schedule 13G: 755,038 Shares (6.2%) Reported in Dave Inc. by Divisadero

Rhea-AI Filing Summary

Schedule 13G for Dave Inc. (Class A common stock, CUSIP 23834J201) discloses that Divisadero Street affiliates and William Zolezzi report shared beneficial ownership totaling 755,038 shares, representing 6.2% of the Class A common stock. Divisadero Street Partners, L.P. and its general partner entities report ownership of 610,511 shares (5.1%). All reported shares are held for advisory clients of Divisadero Street Capital Management, LP, with none held as sole voting or dispositive power by the reporting persons. The filing states the securities were not acquired to influence control of the issuer and includes a joint filing agreement and a control-person identification exhibit.

Positive

• Material ownership disclosed: Reporting persons collectively hold 755,038 shares, equal to 6.2% of Class A, meeting SEC 5%+ disclosure thresholds.
• Passive intent stated: Filing is made on Schedule 13G, indicating the holders assert the position is passive and not intended to influence control.
• Clear attribution: Ownership is attributed to advisory clients of Divisadero Street Capital Management, LP, with specific share counts for each reporting entity.

Negative

• None.

Insights

Financial Analyst

TL;DR: Reporting persons hold a meaningful passive stake (6.2%) in Dave Inc., disclosed under Schedule 13G.

The filing indicates an aggregated 6.2% shared beneficial ownership position (755,038 shares) by Divisadero Street entities and William Zolezzi, with Divisadero Street Partners holding 610,511 shares (5.1%). Classification as Schedule 13G implies the holders state the position is passive and not intended to influence control. Ownership is via advisory client accounts, and no sole voting or dispositive power is claimed. For investors, this is a material ownership disclosure but does not signal an activist intent.

Corporate Governance Expert

TL;DR: Ownership exceeds the 5% reporting threshold but is presented as passive with no sole control.

The report properly identifies the reporting entities and beneficial owner, documents shared voting and dispositive power rather than sole control, and includes required exhibits (Joint Filing Agreement; Control Person Identification). The certification states the shares were not acquired to change control, consistent with a Schedule 13G filing. From a governance standpoint, the position is material by size but does not, per the filing, indicate coordinated activist actions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Dave Inc.

(Name of Issuer)

Class A common stock, par value $0.0001

(Title of Class of Securities)

23834J201

(CUSIP Number)

08/19/2025

(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)

SCHEDULE 13G

CUSIP No. 23834J201

1

Names of Reporting Persons

Divisadero Street Capital Management, LP

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 0.00
6	Shared Voting Power 755,038.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 755,038.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

755,038.00

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)

6.2 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 23834J201

1

Names of Reporting Persons

William Zolezzi

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 755,038.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 755,038.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

755,038.00

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)

6.2 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

CUSIP No. 23834J201

1

Names of Reporting Persons

Divisadero Street Partners, L.P.

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 0.00
6	Shared Voting Power 610,511.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 610,511.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

610,511.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 23834J201

1

Names of Reporting Persons

Divisadero Street Partners GP, 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 0.00
6	Shared Voting Power 610,511.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 610,511.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

610,511.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP No. 23834J201

1

Names of Reporting Persons

Divisadero Street Capital, 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 0.00
6	Shared Voting Power 755,038.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 755,038.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

755,038.00

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)

6.2 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Dave Inc.
(b)	Address of issuer's principal executive offices: 1265 South Cochran Ave, Los Angeles, California 90019
Item 2.
(a)	Name of person filing: Divisadero Street Capital Management, LP William Zolezzi Divisadero Street Partners, L.P. Divisadero Street Partners GP, LLC Divisadero Street Capital, LLC
(b)	Address or principal business office or, if none, residence: Divisadero Street Capital Management, LP 3480 Main Highway, Suite 204 Miami, FL 33133 William Zolezzi c/o Divisadero Street Capital Management, LP 3480 Main Highway, Suite 204 Miami, FL 33133 Divisadero Street Partners, L.P. 3480 Main Highway, Suite 204 Miami, FL 33133 Divisadero Street Partners GP, LLC 3480 Main Highway, Suite 204 Miami, FL 33133 Divisadero Street Capital, LLC 3480 Main Highway, Suite 204 Miami, FL 33133
(c)	Citizenship: Divisadero Street Capital Management, LP - Delaware William Zolezzi - United States Divisadero Street Partners, L.P. - Delaware Divisadero Street Partners GP, LLC - Delaware Divisadero Street Capital, LLC - Delaware
(d)	Title of class of securities: Class A common stock, par value $0.0001
(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: Divisadero Street Capital Management, LP - 755,038 William Zolezzi - 755,038 Divisadero Street Partners, L.P. - 610,511 Divisadero Street Partners GP, LLC - 610,511 Divisadero Street Capital, LLC - 755,038
(b)	Percent of class: Divisadero Street Capital Management, LP - 6.2% William Zolezzi - 6.2% Divisadero Street Partners, L.P. - 5.1% Divisadero Street Partners GP, LLC - 5.1% Divisadero Street Capital, LLC - 6.2%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Divisadero Street Capital Management, LP - 0 William Zolezzi - 0 Divisadero Street Partners, L.P. - 0 Divisadero Street Partners GP, LLC - 0 Divisadero Street Capital, LLC - 0
	(ii) Shared power to vote or to direct the vote: Divisadero Street Capital Management, LP - 755,038 William Zolezzi - 755,038 Divisadero Street Partners, L.P. - 610,511 Divisadero Street Partners GP, LLC - 610,511 Divisadero Street Capital, LLC - 755,038
	(iii) Sole power to dispose or to direct the disposition of: Divisadero Street Capital Management, LP - 0 William Zolezzi - 0 Divisadero Street Partners, L.P. - 0 Divisadero Street Partners GP, LLC - 0 Divisadero Street Capital, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: Divisadero Street Capital Management, LP - 755,038 William Zolezzi - 755,038 Divisadero Street Partners, L.P. - 610,511 Divisadero Street Partners GP, LLC - 610,511 Divisadero Street Capital, LLC - 755,038
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. All of the securities reported in this Schedule 13G are directly owned by advisory clients of Divisadero Street Capital Management, LP. None of those advisory clients, other than Divisadero Street Partners, L.P., may be deemed to beneficially own more than 5% of the Class A Common Stock, $0.0001 par value.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Please see Exhibit B attached hereto.
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 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.

Divisadero Street Capital Management, LP

Signature:	By: Divisadero Street Capital LLC, its general partner, By: /s/ William Zolezzi
Name/Title:	William Zolezzi/Manager
Date:	08/22/2025

William Zolezzi

Signature:	/s/ William Zolezzi
Name/Title:	William Zolezzi
Date:	08/22/2025

Divisadero Street Partners, L.P.

Signature:	By: Divisadero Street Partners GP, LLC, its general partner, By: /s/ William Zolezzi
Name/Title:	William Zolezzi/Manager
Date:	08/22/2025

Divisadero Street Partners GP, LLC

Signature:	/s/ William Zolezzi
Name/Title:	William Zolezzi/Manager
Date:	08/22/2025

Divisadero Street Capital, LLC

Signature:	/s/ William Zolezzi
Name/Title:	William Zolezzi/Manager
Date:	08/22/2025

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

Exhibit Information

Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification

FAQ

How many Dave Inc. (DAVEW) Class A shares do the reporting persons own?

The reporting persons disclose ownership of 755,038 shares, representing 6.2% of Class A common stock.

Which entities filed the Schedule 13G for DAVEW?

The filers are Divisadero Street Capital Management, LP, Divisadero Street Partners, L.P., Divisadero Street Partners GP, LLC, Divisadero Street Capital, LLC, and William Zolezzi.

Does the filing indicate the holders intend to influence control of Dave Inc.?

No. The filing includes a certification stating the securities were not acquired and are not held to change or influence control and is filed on Schedule 13G (passive).

How much of DAVEW does Divisadero Street Partners, L.P. report owning?

Divisadero Street Partners, L.P. reports beneficial ownership of 610,511 shares, equal to 5.1% of the Class A shares.

Who has voting and dispositive power over the reported shares?

The filing shows no sole voting or dispositive power; voting and dispositive power are reported as shared among the reporting persons.