SCHEDULE: Dave Inc. Ownership Filing by G1 Execution Services & Susquehanna Securities

G1 Execution Services, LLC and Susquehanna Securities, LLC report a combined 5.4% stake in Dave Inc. Class A Common Stock as of March 31, 2026.

Summary

• G1 Execution Services, LLC and Susquehanna Securities, LLC have jointly filed a Schedule 13G, indicating their beneficial ownership of Dave Inc. Class A Common Stock.
• As of March 31, 2026, the reporting persons collectively beneficially owned 613,445 shares, representing 5.4% of the class of securities.
• G1 Execution Services, LLC holds 554 shares with sole voting and dispositive power, and shares voting and dispositive power over 613,445 shares.
• Susquehanna Securities, LLC holds 612,891 shares with sole voting and dispositive power, and shares voting and dispositive power over 613,445 shares.
• The filing notes that G1 Execution Services and Susquehanna Securities are affiliated independent broker-dealers and may be deemed a group.
• Each entity disclaims beneficial ownership of shares owned directly by the other.
• The filing date for this statement is May 13, 2026, with the event date requiring the filing being March 31, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of ownership by broker-dealers and does not provide new financial or strategic information about Dave Inc.

Positives

• Significant combined ownership stake of 5.4% by affiliated broker-dealers in Dave Inc.
• Clear reporting of beneficial ownership and voting/dispositive power.
• The filing confirms the entities are acting in the ordinary course of business and not to influence control.

Negatives

• The filing does not contain financial performance data or strategic updates, focusing solely on ownership.
• Details on the specific number of shares held solely by each entity are provided, but the aggregate is the primary focus.

Risks

• Potential for future changes in ownership stake by these reporting persons.
• As broker-dealers, their trading activities could influence share price volatility.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• G1 Execution Services and Susquehanna Securities, LLC are affiliated independent broker-dealers, which may be deemed a group.
• For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons.
• Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are standard for institutional investors and broker-dealers exceeding a 5% ownership threshold, indicating significant holdings without necessarily implying control intentions.

Stakeholder Impact

• Shareholders: The filing confirms a significant stake held by affiliated broker-dealers, which could influence market dynamics.
• Management: The reporting persons certify that their holdings are not intended to influence control, which is a standard assurance for such filings.

Next Steps

• The reporting persons will continue to monitor their beneficial ownership of Dave Inc. shares.
• Any future changes in ownership exceeding reporting thresholds will necessitate further filings.

Key Dates

Keywords

Schedule 13G, Dave Inc., G1 Execution Services, LLC, Susquehanna Securities, LLC, Beneficial Ownership, Class A Common Stock, SEC Filing, Broker-Dealer, Ownership Stake