Susquehanna Securities and G1 Execution Services Acquire 5.4% Stake in Dave Inc.

2026-05-15SEC Filing SCHEDULE 13G (0001446580-26-000063)

On May 15, 2026, Susquehanna Securities, LLC and G1 Execution Services, LLC filed a Schedule 13G disclosing a 5.4% ownership stake in Dave Inc. (DAVE). The reporting persons collectively hold 613,445 shares of Class A Common Stock as of the event date of March 31, 2026. Specifically, Susquehanna Securities, LLC's beneficial ownership includes options to purchase 291,100 shares, while G1 Execution Services, LLC's holdings include 8 shares issuable upon the exercise of warrants. Both entities are affiliated independent broker-dealers and have filed this statement jointly, though they disclaim beneficial ownership of shares held directly by the other. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. This position represents a significant new holding for the group, as the previous ownership percentage was reported as 0.0%. The calculation is based on 11,399,723 shares outstanding as of March 31, 2026.