CEO Jason Wilk Enters $10.9M Variable Prepaid Forward on 37,090 Dave Shares
DAVE has more than doubled off its 52-week low of $152.21.
Summary
CEO Jason Wilk pledged 37,090 Dave shares under a variable prepaid forward with UBS, receiving $10.9 million upfront while retaining voting rights until August 2029.
Key Events · Ownership and Investor Activity · DAVE
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CEO Enters $10.9M Variable Prepaid Forward
Jason Wilk pledged 37,090 Class A shares under a variable prepaid forward contract dated September 11, 2026, with UBS AG, Stamford Branch, receiving $10.9 million upfront.
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Contract Pricing Terms
The contract sets a Minimum Price of $319.33 and a Maximum Price of $481.48, with the number of shares deliverable determined by the Settlement Price relative to these thresholds at maturity on or about August 30, 2029.
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Retained Voting Rights
Wilk retains all voting rights in the pledged 37,090 shares during the term of the pledge, maintaining control while monetizing the position.
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Second Executive Forward in Same Day
This follows CFO Kyle Beilman's $10.8 million variable prepaid forward on 40,000 shares disclosed the same day, bringing combined executive monetization to 77,090 shares.
Analysis · DAVE · Finance
CEO Jason Wilk has monetized 37,090 shares through a variable prepaid forward with UBS, receiving $10.9 million upfront while retaining voting rights until settlement in August 2029. This is a separate transaction from CFO Kyle Beilman's $10.8 million forward disclosed the same day, meaning two top executives have now locked in liquidity on a combined 77,090 shares. The structure lets Wilk keep upside exposure between $319.33 and $481.48 per share while protecting against downside, but it also signals that insiders are actively monetizing their holdings near current price levels.
How filings like this one have moved
In the 30 days to Sep 16, 2026, 30% of the 1759 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DAVE was trading at $374.67 on NASDAQ in the Finance sector, with a market capitalization of approximately $4.8B. The 52-week trading range was $152.21 to $458.25. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.