Form 4: Section 32 Fund 1, LP Sells 110,000 Shares of Dave Inc./DE (DAVE)

Section 32 Fund 1, LP, a 10% owner of Dave Inc./DE, disposed of 110,000 shares of Class A Common Stock at $48.9 per share on May 10, 2024, reducing its holdings to 2,028,232 shares.

Summary

• On May 10, 2024, Section 32 Fund 1, LP sold 110,000 shares of Dave Inc./DE Class A Common Stock.
• The sale price was $48.9 per share.
• Following the transaction, Section 32 Fund 1, LP beneficially owns 2,028,232 shares of Dave Inc./DE.
• The reporting entities include Section 32 Fund 1, LP, Section 32 GP 1, LLC (the general partner), and William J. Maris (managing member of the GP).
• These entities disclaim beneficial ownership except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a transaction by a significant shareholder. The sentiment is neutral as it simply reports the sale of shares.

Management Comments

• Section 32 GP 1, LLC and William J. Maris disclaim beneficial ownership of shares held by Fund 1 except to the extent of any pecuniary interest therein.

Industry Context

This filing reflects a transaction by a significant shareholder of Dave Inc./DE. Monitoring such transactions can provide insights into investor sentiment and potential future stock performance. It is common for funds to periodically adjust their holdings.

Stakeholder Impact

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

Key Dates