Form 4: Section 32 Fund 1, LP Sells 450,000 Shares of Dave Inc./DE (DAVE)

Section 32 Fund 1, LP, a 10% owner of Dave Inc./DE, disposed of 450,000 shares of Class A Common Stock at $48.9 per share on May 7, 2024, reducing its holdings to 2,138,232 shares.

Summary

• On May 7, 2024, Section 32 Fund 1, LP sold 450,000 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 2,138,232 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 filing reporting a transaction. It doesn't inherently convey positive or negative sentiment, but the sale of shares by a major holder could be interpreted neutrally to slightly negatively by the market.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders or significant shareholders of a publicly traded company buy or sell the company's securities. This filing indicates a change in ownership by a major shareholder.

Stakeholder Impact

• Shareholders may react to the news of a large shareholder selling a significant number of shares.

Key Dates