Dave Officer Kyle Beilman Files to Sell Up to $14M in Stock via Prepaid Forward
DAVE has more than doubled off its 52-week low of $152.21.
Summary
Dave Inc. officer Kyle Beilman filed to sell up to 40,000 shares worth approximately $14.03 million via a variable prepaid forward contract, adding to a cluster of recent insider sales.
Key Events · Ownership and Investor Activity · DAVE
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Officer Files to Sell $14M in Stock
Kyle Beilman filed Form 144 to sell up to 40,000 shares of Class A Common Stock worth approximately $14.03 million.
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Variable Prepaid Forward Structure
The sale is structured as a variable prepaid forward contract with an unaffiliated counterparty, allowing Beilman to receive cash upfront while retaining the option to settle in cash and keep the shares.
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Cluster of Insider Sales
This filing follows former director Yadin Rozov's $4.26 million sale on September 8 and officer Jason Wilk's $13.2 million sale on September 11, marking three insider sales in four days.
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Hedging by Morgan Stanley
Morgan Stanley & Co. LLC will conduct hedging activity in connection with the variable prepaid forward contract.
Analysis · DAVE · Finance
Kyle Beilman, an officer of Dave Inc., filed a Form 144 to sell up to 40,000 shares worth approximately $14.03 million. The transaction is structured as a variable prepaid forward contract, which allows Beilman to receive cash upfront while retaining potential upside or downside exposure depending on the stock price at settlement. This is the third insider sale filing in four days, following former director Yadin Rozov's $4.26 million sale and officer Jason Wilk's $13.2 million sale, suggesting a coordinated wave of insider monetization at elevated prices.
How filings like this one have moved
In the 30 days to Sep 12, 2026, 29.9% of the 1944 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.15%. 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 $350.71 on NASDAQ in the Finance sector, with a market capitalization of approximately $4.5B. 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.