Section 32 Fund 1, LP - Sep 27, 2022 Form 4 Insider Report for Dave Inc./DE (DAVE)

Role
10%+ Owner
Signature
/s/ Nina Labatt, officer of Section 32 GP 1, L.L.C. on behalf of Section 32 Fund 1, L.P
Stock symbol
DAVE
Transactions as of
Sep 27, 2022
Transactions value $
-$287,013
Form type
4
Date filed
9/29/2022, 08:25 PM
Previous filing
Sep 19, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DAVE Class A Common Stock Sale -$42.9K -98.4K -0.11% $0.44 93.1M Sep 27, 2022 Direct F1, F2
transaction DAVE Class A Common Stock Sale -$103K -249K -0.27% $0.42 92.9M Sep 28, 2022 Direct F2, F3
transaction DAVE Class A Common Stock Sale -$141K -401K -0.43% $0.35 92.4M Sep 29, 2022 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.4281 to $0.4439. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The reported securities are held of record by Section 32 Fund 1, LP ("Fund 1"). Section 32 GP 1, LLC (the "GP"), the general partner of Fund 1, and William J. Maris, the managing member of the GP, may be deemed to share voting and dispositive power over the shares held by Fund 1. Such persons and entities disclaim beneficial ownership of shares held by Fund 1 except to the extent of any pecuniary interest therein.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.4 to $0.43. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.3261 to $0.41. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.