Form 4: Section 32 Fund 1, LP Sells 1,000,000 Shares of Dave Inc./DE (DAVE) at $40.60 per Share

Section 32 Fund 1, LP, a 10% owner of Dave Inc./DE, sold 1,000,000 shares of Class A Common Stock at a price of $40.60 per share on October 9, 2024, reducing its holdings to 1,028,232 shares.

Summary

• On October 9, 2024, Section 32 Fund 1, LP sold 1,000,000 shares of Dave Inc./DE's Class A Common Stock.
• The sale price was $40.60 per share.
• Following the transaction, Section 32 Fund 1, LP beneficially owns 1,028,232 shares of Dave Inc./DE.
• Section 32 GP 1, LLC, as the general partner of Section 32 Fund 1, LP, and William J. Maris, as the managing member of the GP, may be deemed to share voting and dispositive power over the shares held by Fund 1 but disclaim beneficial ownership except to the extent of any pecuniary interest therein.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a transaction without expressing any opinion on the company's performance or future prospects.

Industry Context

This filing indicates a significant transaction by a major shareholder, which is typical activity in the market. Monitoring such transactions can provide insights into investor sentiment and potential future stock performance.

Stakeholder Impact

• The sale of a significant number of shares by a major shareholder could potentially influence investor confidence and the stock price of Dave Inc./DE.

Key Dates