SCHEDULE: Divisadero Street Capital Discloses 7.7% Stake in Dave Inc.
Beneficial Ownership Report
Divisadero Street Capital Management, LP and affiliated entities have disclosed a 7.7% beneficial ownership stake in Dave Inc.'s Class A common stock as of September 30, 2025.
Summary
- Divisadero Street Capital Management, LP, William Zolezzi, and Divisadero Street Capital, LLC each beneficially own 925,266 shares of Dave Inc. Class A common stock, representing 7.7% of the class.
- Divisadero Street Partners, L.P. and Divisadero Street Partners GP, LLC each beneficially own 815,859 shares, representing 6.8% of the class.
- All reporting persons hold shared voting and dispositive power over their respective reported shares.
- The securities are directly owned by advisory clients of Divisadero Street Capital Management, LP, with Divisadero Street Partners, L.P. being the only advisory client known to beneficially own more than 5% of the Class A Common Stock.
- The filing certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of Dave Inc.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the company's performance or prospects. It is a neutral, factual report of an investment stake.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
This filing is a standard disclosure of beneficial ownership by an institutional investor, indicating a passive investment stake in Dave Inc. It reflects a significant, but non-controlling, position by Divisadero Street Capital Management and its affiliates in the company's Class A common stock.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional stake (7.7%) may provide some confidence or signal institutional interest in Dave Inc.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event requiring the filing of this statement, reflecting the beneficial ownership position. |
| 11/04/2025 | Date the Schedule 13G filing was signed. |
Keywords
Dave Inc., Divisadero Street Capital Management, Beneficial Ownership, Schedule 13G, Class A Common Stock, Investment Adviser, Passive Investment
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