Filing Details
- Accession Number:
- 0000950170-25-087513
- Form Type:
- 13D Filing
- Publication Date:
- 2025-06-16 20:00:00
- Filed By:
- Jason Wilk
- Company:
- Dave Inc.
- Filing Date:
- 2025-06-17
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Jason Wilk | 1,461,964 | 0 | 1,461,964 | 0 | 1,461,964 | 10.9% |
Filing
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 2)
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Dave Inc. (Name of Issuer) |
Class A Common Stock, par value $0.0001 per share (Title of Class of Securities) |
23834J102 (CUSIP Number) |
Jason Wilk c/o Dave Inc., 1265 South Cochran Avenue Los Angeles, CA, 90019 (844) 857-3283 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
06/13/2025 (Date of Event Which Requires Filing of This Statement) |
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
SCHEDULE 13D
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| CUSIP No. | 23834J102 |
| 1 |
Name of reporting person
Jason Wilk | ||||||||
| 2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b)
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| 3 | SEC use only | ||||||||
| 4 |
Source of funds (See Instructions)
OO | ||||||||
| 5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
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| 6 | Citizenship or place of organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 11 | Aggregate amount beneficially owned by each reporting person
1,461,964.00 | ||||||||
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
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| 13 | Percent of class represented by amount in Row (11)
10.9 % | ||||||||
| 14 | Type of Reporting Person (See Instructions)
IN |
SCHEDULE 13D
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| Item 1. | Security and Issuer | |
| (a) | Title of Class of Securities:
Class A Common Stock, par value $0.0001 per share | |
| (b) | Name of Issuer:
Dave Inc. | |
| (c) | Address of Issuer's Principal Executive Offices:
1265 South Cochran Avenue, Los Angeles,
CALIFORNIA
, 90019. | |
Item 1 Comment:
Explanatory Note - This Amendment No. 2 ("Amendment No. 2") amends and supplements the statement on Schedule 13D filed on January 26, 2022, as amended by Amendment No. 1 filed on March 17, 2025 (collectively, the "Schedule 13D"). Except as set forth herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D.
This Amendment No. 2 is being filed to report that (i) on May 30, 2025, the Reporting Person entered into a trading plan (the "Second Plan") intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Securities Exchange Act of 1934, as amended, and (ii) as of June 13, 2025, the Reporting Person's beneficial ownership has changed by one percent or more of the total outstanding shares of Class A Common Stock since the last Schedule 13D filing due to (a) the sales of shares of Class A Common Stock, including pursuant to the Rule 10b5-1 trading plan entered into on March 14, 2025 (the "First Plan"), and (b) the vesting of certain equity awards.
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| Item 3. | Source and Amount of Funds or Other Consideration | |
Since the date of Amendment No. 1 to this Schedule 13D, the Reporting Person has acquired beneficial ownership of 14,484 shares of Class A Common Stock due to grants and/or vesting of equity awards under the Issuer's equity plan. | ||
| Item 4. | Purpose of Transaction | |
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:
On May 30, 2025, the Reporting Person entered into the Second Plan. The Second Plan provides for the sale of up to an aggregate of 100,000 shares of Class A Common Stock (available upon the conversion of 100,000 shares of Class V Common Stock), subject to certain conditions and restrictions, including price- and volume-based parameters. The Second Plan terminates on the earlier of (i) the close of trading on May 29, 2026, (ii) promptly after the date on which the plan administrator receives notice from the Reporting person of the termination of the Second Plan, (iii) upon reasonable determination by the plan administrator, or promptly upon the reasonable determination of the Reporting Person and notice to the plan administrator, that the Second Plan does not comply with Rule 10b5-1, (iv) promptly after the date the plan administrator is notified of the death, dissolution, bankruptcy or insolvency of the Reporting Person, (v) immediately in the event that the Reporting Person fails to satisfy the delivery requirements under the Second Plan or (vi) the date that the aggregate number of shares of Class A Common Stock to be sold pursuant to the Second Plan reaches 100,000 shares.
The above description of the Second Plan does not purport to be complete and is qualified in its entirety by reference to the full text of such agreement, which is filed as an exhibit hereto and incorporated herein by reference.
On June 13, 2025, the Reporting Person sold an aggregate of 172,667 shares of Class A Common Stock pursuant to the First Plan. As a result of these sales, the First Plan was terminated on June 13, 2025. | ||
| Item 5. | Interest in Securities of the Issuer | |
| (a) | Items 5(a)-(b) of the Schedule 13D are hereby amended and restated as follows:
The Reporting Person has beneficial ownership of 1,461,964 shares of Class A Common Stock, which consists of (i) 1,414,082 shares of Class A Common Stock issuable upon conversion of the Reporting Person's shares of Class V Common Stock and (ii) 47,882 shares of Class A Common Stock. The percentage of beneficial ownership is approximately 10.9% of the outstanding shares of Class A Common Stock. The percentage was calculated based on the sum of (a) 11,826,358 shares of Class A Common Stock outstanding, as disclosed in the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the Securities and Exchange Commission on May 8, 2025, (b) 14,484 shares of Class A Common Stock underlying the Reporting Person's restrict stock units that vested on June 1, 2025, (c) 100,000 shares of Class A Common Stock issued upon the conversion of 100,000 shares of Class V Common Stock on June 13, 2025 and (d) 1,414,082 shares of Class A Common Stock issuable upon conversion of the Reporting Person's shares of Class V Common Stock.
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| (b) | The information set forth in rows 7 through 10 of the cover page to this Schedule 13D is incorporated by reference. | |
| (c) | Except as attached hereto as Exhibit 5, the Reporting Person has not engaged in any transaction during the past 60 days involving shares of Class A Common Stock. | |
| Item 6. | Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer | |
Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following:
The information in Items 4 of this Schedule 13D is hereby incorporated by reference into this Item 6.
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| Item 7. | Material to be Filed as Exhibits. | |
Exhibit 4: Rule 10b5-1 Trading Plan of Jason Wilk, dated May 30, 2025
Exhibit 5: Transactions in Class A Common Stock during the 60 days ended June 17, 2025
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| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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