Dave (DAVE) Director Brendan Carroll Sells Warrants

What Happened Brendan Carroll, a director of Dave Inc. (DAVE), sold derivative securities (warrants) in three transactions between Sept 10 and Sept 14, 2026. The filings report:

• 9/10/2026: sold 15,359 warrants at a weighted-average price of $1.59 for proceeds of $24,421 (F1).
• 9/11/2026: sold 16,179 warrants at a weighted-average price of $1.59 for proceeds of $25,725 (F2).
• 9/14/2026: sold 33,453 warrants at a weighted-average price of $1.60 for proceeds of $53,525 (F3).

Total reported proceeds across the three disposals: approximately $103,671. These were sales of warrants (derivative securities), not direct sales of common stock.

Key Details

• Transaction dates and weighted-average prices: 9/10 ($1.59), 9/11 ($1.59), 9/14 ($1.60).
• Footnotes clarify the weighted averages reflect multiple trades at price ranges: 9/10 range $1.56–$1.60 (F1); 9/11 range $1.58–$1.62 (F2); 9/14 range $1.56–$1.70 (F3). The filer offered to provide details on quantities at each price upon request.
• Securities disposed were warrants (derivative securities) — listed on the Form 4 as "Derivative."
• Shares (or warrants) owned after the transactions are not shown in the provided summary of the filing.
• Filing date is 2026-09-14; given the transactions occurred 9/10–9/14, the Form 4 appears to have been filed within the normal two-business-day reporting window (i.e., timely).

Context Selling warrants differs from selling common stock: warrants are rights to purchase shares in the future, so these disposals do not directly indicate sales of underlying common shares. The Form 4 does not state any 10b5-1 plan, gift, tax withholding, or exercise details for these transactions. As always, insider sales are factual disclosures of transactions and do not by themselves prove the insider’s view of the company’s prospects.