SCHEDULE: Vanguard Group Updates Dave Inc. Stake to Zero

The Vanguard Group filed an amended Schedule 13G, reporting zero beneficial ownership in Dave Inc. common stock following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Dave Inc. Common Stock.
• As of March 13, 2026, The Vanguard Group reports 0 shares beneficially owned, representing 0% of Dave Inc.'s Common Stock.
• This change is attributed to an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these separately reporting subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for Dave Inc. as it primarily reflects an internal reporting realignment within The Vanguard Group rather than a change in investment thesis or a direct divestment decision.

Future Outlook

NA

Management Comments

• "On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release."
• "Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions."

Industry Context

StockSavvy.ai notes that institutional investors like The Vanguard Group frequently adjust their reporting structures or reallocate holdings among internal entities. This specific filing reflects an internal administrative change at Vanguard rather than a strategic divestment decision related to Dave Inc.'s performance or broader industry trends.

Stakeholder Impact

• Shareholders of Dave Inc. may note the administrative change in Vanguard's reporting, but it does not indicate a change in the underlying investment by Vanguard's various funds, which may still hold Dave Inc. shares through disaggregated entities.

Key Dates

Keywords

Dave Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership