Section 32 Fund 1, LP - Aug 8, 2023 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: Aug 8, 2023
Transactions value $: -$1,707,657
Form type: 4
Date filed: 8/10/2023, 04:30 PM
Previous filing: Oct 4, 2022
Next filing: May 9, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DAVE	Class A Common Stock	Sale	-$1.71M	-298K	-10.32%	$5.73	2.59M	Aug 8, 2023	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On January 5, 2023, the Issuer effected a 1-for-32 reverse stock split of its Class A Common Stock (the "Reverse Stock Split"). As a result of the Reverse Stock Split, every 32 shares of Class A Common Stock issued or outstanding were automatically reclassified into one validly issued, fully-paid and nonassessable new share of Class A Common Stock, with no fractional shares issued.
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 the existence of a "group" and beneficial ownership of shares held by Fund 1 except to the extent of any pecuniary interest therein.

Content

On January 5, 2023, the Issuer effected a 1-for-32 reverse stock split of its Class A Common Stock (the "Reverse Stock Split"). As a result of the Reverse Stock Split, every 32 shares of Class A Common Stock issued or outstanding were automatically reclassified into one validly issued, fully-paid and nonassessable new share of Class A Common Stock, with no fractional shares issued.

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 the existence of a "group" and beneficial ownership of shares held by Fund 1 except to the extent of any pecuniary interest therein.