Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | DAVE | Class A Common Stock | Award | +772K | 772K | Jan 5, 2022 | Direct | F1 | |||
transaction | DAVE | Class A Common Stock | Award | +15.3M | 15.3M | Jan 5, 2022 | By Charles S. Paul Living Trust | F2 |
Id | Content |
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F1 | On January 5, 2022, pursuant to that certain Agreement and Plan of Merger, dated as of June 7, 2021 (the "Merger Agreement"), by and among VPC Impact Acquisition Holdings III, Inc. (the "Issuer"), Dave Inc., a Delaware corporation ("Legacy Dave"), and the other parties thereto, the Issuer completed its initial business combination (the "Business Combination"). As a result of the Business Combination, the Issuer changed its name to Dave Inc. In connection with the Business Combination and in accordance with the Merger Agreement, 570,000 shares of Class A Common Stock of Legacy Dave held by the Reporting Person were converted into 772,000 shares of Class A Common Stock of the Issuer. The issuance of the shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). |
F2 | In connection with the Business Combination and in accordance with the Merger Agreement, 11,317,680 shares of Class A Common Stock of Legacy Dave held by the Reporting Person were converted into 15,328,524 shares of Class A Common Stock of the Issuer. The issuance of the shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act. These shares are held in trust for the benefit of the Reporting Person. As trustee, the Reporting Person may be deemed to have voting and dispositive power over the shares held by the Charles S. Paul Living Trust. |