On December 18, 2025, Dave director Imran Khan completed the sale of his remaining 1,146 shares through indirect open-market transactions valued at approximately $233,778, according to a recent SEC Form 4 filing. This sale represented 100% of his indirect holdings via Proem Special Situations Fund I, LP, and followed earlier dispositions that had already eliminated his direct stake. Upon settlement, Khan held zero direct or indirect shares of the company.

The weighted average sale price for the December 18 trades was $204.00 per share, consistent with the filing’s purchase‐price basis. This final tranche capped a multi-stage exit that began in June 2025, during which median sell sizes steadily declined as Khan’s total holdings were depleted. Footnotes in the Form 4 confirm that all dispositions were executed indirectly, underscoring the fund’s complete divestment strategy rather than any one-time open‐market event.

Dave reported trailing twelve-month revenue of $491.3 million and net income of $146.7 million as of December 18, 2025, supporting a market capitalization near $2.98 billion. The stock has demonstrated elevated volatility, with a beta of 3.9, reflecting sensitivity to quarterly results and fintech sentiment. Investors should note that the exit by a long-standing insider concludes a notable period of insider selling; while the company maintains strong execution metrics, its shares remain subject to rapid swings around key financial announcements.