Beilman Kyle 4

What Happened

• Kyle Beilman, CFO, COO and Secretary of Dave Inc. (DAVE), was granted a total of 47,982 shares on March 9, 2026 via equity awards (three separate grants). The grants are reported as awards (transaction code A) and were issued at $0.00 per share (no cash purchase). These consist of 8,260 time-based RSUs and 39,722 performance-based RSUs/PSUs (30,224 and 9,498) that were certified as earned for the 2025 performance period or granted previously.

Key Details

• Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely within the standard two-business-day window).
• Shares granted: 8,260 (RSU, F1), 30,224 (PSU earned, F2), 9,498 (PSU earned, F3) — total 47,982 shares.
• Price: $0.00 per share (standard for restricted stock unit/PSU awards); total cash paid = $0.
• Vesting/conditions:
  • F1 (8,260 RSUs): vests 1/8 on June 1, 2026, then 1/16 of total shares each quarterly anniversary thereafter, subject to continued service.
  • F2 (30,224 PSUs): performance-certified for 2025, will vest on June 1, 2027, subject to continued service.
  • F3 (9,498 PSUs): performance-certified for 2025 (from a 2025 grant), will vest on June 1, 2028, subject to continued service.
• Shares owned after transaction: not specified in the filing.
• Filing did not indicate a 10b5-1 plan, tax withholding sale, or other sale code.

Context

• RSUs are time-based awards that convert to shares as they vest; PSUs are earned based on performance metrics and then vest if service conditions are met. These awards are compensation and retention tools rather than open-market purchases or sales, so they don't directly signal insider buying/selling intent. Over time, vesting will increase outstanding shares (dilution) if shares are issued.