Andrea Mitchell, a member of the Board of Directors at Dave Inc. (NASDAQ:DAVE), reported the sale of 30,000 shares of Common Stock in multiple open-market transactions on March 5 and March 6, 2026, according to the SEC Form 4 filing.
Metric | Value |
|---|---|
Shares sold (direct) | 30,000 |
Transaction value | $6.4 million |
Post-transaction shares (direct) | 6,509 |
Post-transaction value (direct ownership) | ~$1.41 million |
Transaction value based on SEC Form 4 weighted average purchase price ($213.03).
How does this transaction compare to Andrea Mitchell’s historical selling activity?
This is Mitchell’s largest single sale to date, involving 30,000 shares versus a previous sell median of 16,180 shares, with the two sell transactions since June of last year averaging 44.12% of available holdings per sale.What is the impact on Mitchell’s ownership in Dave Inc?
Direct ownership declined from 36,509 shares to 6,509 shares post-transaction, representing an 82.17% reduction of her direct Common Stock position.Did the transaction involve any indirect holdings or derivative securities?
No, all shares disposed were held directly by Mitchell, with no involvement of trusts, LLCs, or option exercises; there are also no immediately exercisable options remaining post-sale.Given the large proportion of holdings sold, what explains the transaction size?
The elevated proportion reflects Mitchell’s available share capacity, as the transaction reduced her direct Common Stock holdings to a residual position.
Metric | Value |
|---|---|
Revenue (TTM) | $554.18 million |
Net income (TTM) | $195.87 million |
Price (as of market close 2026-03-06) | $213.03 |
1-year price change | 175.07% |
* 1-year price change calculated as of March 6, 2026.
Dave Inc. offers digital banking services including personal financial management, short-term credit advances (ExtraCash), and a job application portal (Side Hustle).
It provides financial products and services through its online platform.
The company targets consumers seeking accessible, technology-driven financial solutions, with a focus on individuals managing cash flow between paychecks.
Dave Inc. operates as a technology-driven financial services provider, leveraging a streamlined digital platform to deliver banking and personal finance tools to consumers. The company’s strategy centers on addressing short-term liquidity needs and promoting financial health for its members through innovative, low-friction products.
With a nimble workforce and scalable software infrastructure, Dave Inc. is positioned to serve a growing market of digitally native consumers seeking alternatives to traditional banking. Its competitive edge lies in its integrated suite of services and focus on customer-centric, fee-transparent solutions.
