Beilman Kyle 4

What Happened

• Kyle Beilman, Dave Inc.'s CFO, COO and Secretary, reported derivative transactions on 2026-01-27. He exercised options to acquire 5,000 shares at $1.42 per share (total cash paid $7,100). The filing also shows a related entry for 5,000 shares marked as a conversion/disposition at $0 (no cash proceeds reported).
• The exercised options/derivative activity resulted in an acquisition of 5,000 shares; the other 5,000-share line is reported as a disposition/conversion rather than a cash sale.

Key Details

• Transaction date: January 27, 2026 (Form 4 filed January 28, 2026 — filed the next day, generally timely).
• Prices and amounts: 5,000 shares acquired at $1.42 ($7,100); 5,000 shares reported as disposed/converted at $0 (no proceeds).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Footnotes: F1 — reported amounts adjusted for a 1-for-32 reverse stock split effective Jan 5, 2023. F2 — the option vested 25% on July 15, 2019 and 1/48th monthly thereafter.
• Transaction code: M (exercise or conversion of a derivative security). No 10b5-1 plan or tax-withholding sale is indicated on this filing.

Context

• "Exercise" here means Beilman paid the exercise price to convert options/derivatives into common shares. The filing does not show sale proceeds or indicate that shares were immediately sold in a cashless exercise; therefore we cannot confirm any immediate market sale.
• As an executive insider (CFO/COO/Secretary), his transactions are reported under SEC insider rules; purchases/exercises show acquisition of shares but do not by themselves indicate the insider’s broader view of the company.