CEO Jason Wilk Pledges 37,090 Shares in $10.9M Variable Prepaid Forward
DAVE has more than doubled off its 52-week low of $152.21.
Summary
CEO Jason Wilk pledged 37,090 shares under a variable prepaid forward contract, 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 Variable Prepaid Forward
Jason Wilk pledged 37,090 shares of Class A Common Stock under a variable prepaid forward contract dated September 11, 2026, receiving $10.9 million upfront from an unaffiliated counterparty.
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Contract Pricing Terms
The contract sets a Minimum Price of $319.33 and Maximum Price of $481.48, with the number of shares deliverable determined by the Settlement Price relative to these thresholds on the August 30, 2029 maturity date.
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Retained Voting Rights
Wilk retains all voting rights in the pledged shares during the term of the pledge, maintaining governance influence despite the economic hedge.
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Insider Selling Cluster
This follows CFO Kyle Beilman's $10.8 million variable prepaid forward on 40,000 shares disclosed the same day, and former director Yadin Rozov's $4.26 million Form 144 filing on September 8, indicating coordinated executive liquidity planning.
Analysis · DAVE · Finance
CEO Jason Wilk entered a variable prepaid forward contract on 37,090 shares, receiving $10.9 million upfront while retaining voting rights until settlement in August 2029. The contract's pricing terms — a Minimum Price of $319.33 and Maximum Price of $481.48 — mean Wilk's downside is protected if the stock falls below $319.33, but he gives up upside above $481.48. This follows a cluster of insider selling at Dave, including CFO Kyle Beilman's similar $10.8 million forward contract disclosed the same day, suggesting coordinated liquidity planning by top executives.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. 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 neutral market sentiment and an importance score of 7 out of 10.