Dave (DAVE) Director Brendan Carroll Sells 300,000 Warrants

What Happened

Brendan Carroll, a director of Dave Inc. (DAVE), disposed of 300,000 warrants on September 4, 2026. The filing reports a weighted-average sale price of $1.98 per warrant for total proceeds of approximately $594,000. This was a sale of derivative securities (warrants), not a purchase.

Key Details

• Transaction date: 2026-09-04
• Transaction type: Sale (open-market or private sale) of 300,000 warrants (derivative)
• Price: Weighted average $1.98; warrants sold at prices ranging $1.87–$2.04 per footnote F2
• Proceeds: $594,000 (gross)
• Shares/warrants owned after transaction: Not specified in the provided filing excerpt
• Footnotes:
  • F1: The warrants were originally received in a pro-rata, in-kind distribution from an LLC (exempt from reporting under Rule 16a-9).
  • F2: The reported $1.98 is a weighted average; the seller may provide a per-price breakdown on request.
• Filing timeliness: Report filed 2026-09-09 (5 days after the transaction); Form 4s for directors are normally due within 2 business days, so this filing appears late.

Context

These were warrant sales (derivative instruments) that came from a prior in-kind LLC distribution; selling warrants is a liquidity action and does not directly change common-share voting unless converted/exercised. The filing notes multiple sale prices (range $1.87–$2.04) and the reporting person has committed to provide a breakdown if requested. As always, insider sales are factual data points for investors but do not by themselves prove a change in a director’s view of the company.