CFO Kyle Beilman Enters $10.8M Variable Prepaid Forward on 40,000 Dave Shares
DAVE has more than doubled off its 52-week low of $152.21.
Summary
CFO Kyle Beilman entered a variable prepaid forward contract on 40,000 Dave shares, receiving $10.8 million upfront while retaining voting and dividend rights until settlement in June 2028.
Key Events · Ownership and Investor Activity · DAVE
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CFO Enters Variable Prepaid Forward
Kyle Beilman pledged 40,000 shares of Dave Inc. Class A Common Stock under a variable prepaid forward contract dated September 11, 2026.
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Upfront Cash Payment
Beilman received $10.8 million in upfront cash from an unaffiliated counterparty in exchange for the obligation to deliver shares or settle in cash.
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Contract Pricing Terms
The contract sets a Minimum Price of $297.78 and a Maximum Price of $490.46, with the number of shares deliverable determined by the Settlement Price relative to these thresholds.
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Retained Voting and Dividend Rights
Beilman retains all voting, dividend, and other rights in the pledged shares during the term of the pledge.
Analysis · DAVE · Finance
CFO Kyle Beilman pledged 40,000 shares of Dave Inc. under a variable prepaid forward contract, receiving $10.8 million upfront while retaining voting and dividend rights until settlement on or about June 15, 2028. The contract's Minimum Price of $297.78 and Maximum Price of $490.46 define the share delivery formula, effectively monetizing a portion of his holdings without an immediate open-market sale. This follows a Form 144 filed three days earlier disclosing the same 40,000-share transaction, but this filing adds the specific cash proceeds and pricing terms.
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.