Divisadero Street Capital Management Reports 9.2% Stake in Dave Inc. (DAVE)

On May 15, 2026, Divisadero Street Capital Management, LP, along with its control persons William Zolezzi and Divisadero Street Capital, LLC, filed a Schedule 13G/A disclosing a significant stake in Dave Inc. (DAVE). The reporting group collectively beneficially owns 1,125,840 shares of Class A common stock, representing a 9.2% ownership stake in the company. This filing marks an increase from a previously reported 0% position, based on the provided event date of March 31, 2026. Within the group, Divisadero Street Partners, L.P. and its general partner, Divisadero Street Partners GP, LLC, specifically account for 974,033 of those shares, or an 8.0% stake. The reporting persons indicated that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. All shares are held with shared voting and dispositive power among the affiliated entities and individuals based in Miami, Florida.