Form 4: Dave Inc. CFO Exercises Stock Options

Dave Inc.'s CFO, Kyle Beilman, acquired 5,000 shares of Class A Common Stock through the exercise of stock options at $1.42 per share.

Summary

• Kyle Beilman, the Chief Financial Officer, Chief Operating Officer, and Secretary of Dave Inc./DE (DAVE), reported a transaction on January 27, 2026.
• Beilman acquired 5,000 shares of Class A Common Stock by exercising stock options at a price of $1.42 per share.
• Following this transaction, Beilman directly beneficially owns 155,556 shares of Class A Common Stock.
• The exercise price and number of securities reflect a 1-for-32 reverse stock split effected by the Issuer on January 5, 2023.
• The exercised options vested 25% on July 15, 2019, and 1/48th monthly thereafter, with an expiration date of November 13, 2028.
• After the transaction, Beilman directly beneficially owns 22,958 derivative securities (stock options).

Sentiment

Score: 7

Explanation: The exercise of stock options by a key executive like the CFO/COO is generally viewed positively, as it indicates confidence in the company's value and future performance. It's a standard compensation-related transaction but still reflects an insider increasing their stake.

Positives

• An insider, the CFO/COO/Secretary, exercising stock options can signal confidence in the company's future performance and valuation.
• The acquisition increases the insider's direct ownership stake in the company.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine disclosure and does not directly provide insight into broader industry trends or competitive landscape. However, insider buying can sometimes be interpreted as a positive signal within the financial technology sector, indicating management's belief in the company's future prospects.

Stakeholder Impact

• Shareholders may view this transaction as a positive signal of management's confidence in the company's stock performance.
• Employees may see this as a sign of stability and belief in the company's direction from senior leadership.

Key Dates

Keywords

Dave Inc., DAVE, Form 4, Insider Transaction, Stock Option Exercise, Kyle Beilman, CFO, COO, Equity Acquisition