Item 1. Security and Issuer
This Schedule 13D relates to shares of Class A Common Stock, par value $0.0001 per share, and shares of Class V Common Stock, par value $0.0001 per
share (collectively, the Common Stock), of Dave Inc., a Delaware corporation (the Company). The principal executive offices of the Company are located at 750 N. San Vicente Blvd. 900W, West Hollywood, California 90069.
Item 2. Identity and Background
(a)
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This Schedule 13D is being filed by Jason Wilk (the Reporting Person).
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(b)
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The Reporting Persons business address is 750 N. San Vicente Blvd. 900W, West Hollywood, California
90069.
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(c)
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The Reporting Person is the Chief Executive Officer and a Director of the Company.
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(d)
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During the last five years, the Reporting Person has not been convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors).
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(e)
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During the last five years, the Reporting Person was not a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities
laws, or finding any violation with respect to such laws.
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(f)
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The Reporting Person is a citizen of the United States of America.
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Item 3. Source and Amount of Funds or Other Consideration
All of the Class V Common Stock to which this Schedule 13D relates was acquired by the Reporting Person pursuant to the Agreement and Plan of Merger,
dated June 7, 2021 (the Business Combination Agreement), by and among the Company (f/k/a VPC Impact Acquisition Holdings III Corp., a Delaware corporation (VPCC)), Dave Inc. (Legacy Dave), Bear Merger Company
I Inc., a Delaware corporation and a direct, wholly owned subsidiary of VPCC (First Merger Sub), and Bear Merger Company II LLC, a Delaware limited liability company and a direct, wholly owned subsidiary of VPCC (Second Merger
Sub and together with the First Merger Sub, the Merger Subs).
Pursuant to the Business Combination Agreement, after a series of
mergers, Second Merger Sub changed its name to Dave Operating LLC and was the wholly owned subsidiary of VPCC, which changed its name to Dave Inc. The closing of the mergers and related business combination occurred on
January 5, 2022 (the Closing Date).
Pursuant to the Business Combination Agreement, 35,773,100 shares of Class A common stock, par
value $0.00001 per share, of Legacy Dave held by the Reporting Person were converted into the right to receive 48,450,639 shares of Class V Common Stock, effective as of the Closing Date.
Item 4. Purpose of the Transaction
The Reporting
Person acquired 48,450,639 shares of Class V Common Stock pursuant to the Business Combination Agreement. The information contained in Item 3 of this Schedule 13D is incorporated herein by reference.
The Reporting Person serves as the Chief Executive Officer and a member of the Board of Directors of the Company. Accordingly, the Reporting Person may have
influence over the corporate activities of the Company, including activities that may relate to items described in clauses (a) through (j) of Item 4 of this Schedule 13D.
Except as described in this Schedule 13D, the Reporting Person does not have any present plans or proposals that relate to or would result in any of the
actions described in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting Person reserves the right to formulate plans and/or proposals and to take such actions with respect to his investment in the Company, including any or all of
the actions set forth in clauses (a) through (j) of Item 4 of Schedule 13D.