Mitchell Andrea 4

What Happened
Mitchell Andrea, a director of Dave Inc. (DAVE), sold a total of 30,000 common shares in a series of open-market/private-sale transactions on March 5–6, 2026. The lots ranged in price from about $204.86 to $223.22 per share, producing aggregate proceeds of approximately $6,390,900 (weighted average ≈ $213.03 per share). The filing states these sales were executed pursuant to a Rule 10b5‑1 trading plan adopted November 30, 2025.

Key Details

• Transaction type: All sales (Code S) — open market or private sale.
• Dates: March 5–6, 2026 (Form 4 filed March 6, 2026).
• Total sold: 30,000 shares for ≈ $6,390,900 (avg ≈ $213.03/share).
• Price details: Individual lots reported with weighted-average prices; footnotes (F2–F27) give per-lot price ranges and F1 confirms 10b5‑1 plan.
• Shares owned after transaction: Not specified in the provided filing data.
• Timeliness: Filing was submitted March 6, 2026 (appears timely; no late-filing flag).

Context
Sales executed under a Rule 10b5‑1 plan are generally pre-scheduled and routine (they reduce the inference that the insider traded on nonpublic information). For retail investors, purchases are often a clearer bullish signal than routine sales; these transactions represent liquidity by a director rather than an explicit commentary on company prospects.