Dave (NASDAQ: DAVE) CFO Beilman has 3,261 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dave Inc. CFO and COO Kyle Beilman reported a routine tax-related share disposition. On the transaction date, 3,261 shares of Class A Common Stock were withheld by the company at a price of $206.09 per share to satisfy tax obligations when restricted stock units vested.
These shares were not sold on the open market but used to cover withholding taxes, a common administrative step in equity compensation. After this withholding, Beilman directly holds 200,277 shares of Dave Inc. Class A Common Stock, indicating he retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Beilman Kyle
Role
CFO and COO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 3,261 | $206.09 | $672K |
Holdings After Transaction:
Class A Common Stock — 200,277 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Dave (DAVE) report for Kyle Beilman?
Dave reported that CFO and COO Kyle Beilman had 3,261 Class A Common shares withheld to cover tax obligations. The withholding occurred when restricted stock units vested and was not an open-market sale of shares.
What does transaction code F mean in the DAVE Form 4 filing?
Transaction code F indicates shares were disposed of to pay an exercise price or tax liability. In this case, Dave withheld 3,261 shares of Class A Common Stock to satisfy tax withholding when Kyle Beilman’s restricted stock units vested.