Form 4: Dave Inc. CFO Kyle Beilman Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CFO and Secretary of Dave Inc., Kyle Beilman, reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 28, 2025, Kyle Beilman, CFO and Secretary of Dave Inc., disposed of 36,670 shares of Class A Common Stock.
- The disposal was to cover tax withholding obligations upon the vesting of restricted stock units and performance-based restricted stock units.
- The transaction was executed at a price of $100.66 per share.
- Following the transaction, Beilman directly owns 213,772 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders reporting transactions in their company's stock. This filing indicates that the CFO disposed of shares to cover tax obligations, which is a common occurrence.
Stakeholder Impact
- The disposal of shares by an insider could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the disposal.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock disposal transaction. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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