Beilman Kyle 4

What Happened

• Kyle Beilman, CFO, COO and Secretary of Dave Inc. (DAVE), sold a total of 4,122 shares on June 2, 2026 in open-market/private sale transactions, generating about $1,133,659.
  • 49 shares at a weighted-average price of $277.23 — proceeds ~$13,584 (sales ranged $276.76–$277.63).
  • 4,073 shares at a weighted-average price of $275.00 — proceeds ~$1,120,075 (sales ranged $274.27–$275.01).
• This was a sale (routine cashing of equity), not a purchase; per the filing the sales were to satisfy tax withholding obligations related to the settlement of vested restricted stock units (RSUs).

Key Details

• Transaction date: 2026-06-02; Form 4 filed 2026-06-04 (timely filed within the usual two-business-day window).
• Prices: weighted averages reported; see ranges above for per-trade prices. Reporting person offered to provide per-price breakdown on request (per filing).
• Reason: tax withholding on vested RSUs (footnote indicates shares sold to satisfy tax obligations).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: S = Sale; relevant footnotes F1 (tax withholding), F2/F3 (weighted-average price and price ranges).

Context

• Sales to cover tax withholding on vested RSUs are common and typically considered routine administrative transactions rather than a directional insider signal. They do not necessarily indicate the insider’s view on company prospects.
• For retail investors, purchases by insiders are generally more informative about personal conviction; reported sales tied to tax withholding should be interpreted accordingly.