SCHEDULE: BlackRock Discloses Stake in DAVE INC.
Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting beneficial ownership of 13.8% of DAVE INC.'s Class A Stock as of May 31, 2026.
Summary
- BlackRock, Inc. has updated its Schedule 13G filing, indicating it beneficially owns 1,570,442 shares of DAVE INC. Class A Stock.
- This holding represents 13.8% of the class of securities outstanding.
- The filing specifies that BlackRock, Inc. has sole voting power over 1,553,716 shares and sole dispositive power over 1,570,442 shares.
- The reporting date for this information is May 31, 2026.
- The filing also notes that iShares Core S&P Small-Cap ETF has an interest of more than five percent in the common stock of DAVE INC.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine ownership disclosure by a major institutional investor and does not provide new operational or financial information about the company itself.
Positives
- BlackRock, a significant institutional investor, has disclosed a substantial beneficial ownership stake in DAVE INC., which can be viewed as a positive signal of confidence.
- The clear reporting of voting and dispositive power provides transparency regarding BlackRock's influence.
Future Outlook
This filing is an ownership disclosure and does not contain forward-looking statements or guidance from DAVE INC.
Industry Context
StockSavvy.ai notes that Schedule 13G filings are standard disclosures for institutional investors like BlackRock when their beneficial ownership crosses certain thresholds. This filing indicates BlackRock's significant position in DAVE INC.'s Class A stock, a common occurrence in the fintech or technology sectors where such institutional holdings are prevalent.
Stakeholder Impact
- Shareholders: The filing provides transparency on a significant institutional shareholder's holdings, which can influence market perception and trading activity.
- Investors: Potential investors can use this information to understand the ownership structure and the presence of major asset managers like BlackRock.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Previous Power of Attorney dated for BlackRock, Inc. |
| 01/21/2025 | Effective date of the current Power of Attorney for BlackRock, Inc. |
| 05/31/2026 | Date of Event Which Requires Filing of this Statement (Amendment No. 1) |
| 06/04/2026 | Date of signature for the Schedule 13G filing by BlackRock, Inc. |
Keywords
Schedule 13G, BlackRock, DAVE INC., Beneficial Ownership, Class A Stock, Institutional Investor, SEC Filing, Securities Exchange Act
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.