Tech Veteran Imran Khan Fully Exits Dave Position Following Massive 2025 Run-Up

3 days ago 12

Sara Appino, The Motley Fool

Thu, January 8, 2026 astatine 8:47 AM CST 6 min read

1,146 shares were sold indirectly for a transaction worth of astir $233,778 connected Dec. 18, 2025.
This merchantability represented 100% of Imran Khan’s full indirect holdings and afloat zeroed retired some nonstop and indirect ownership stakes.
All shares were held indirectly via Proem Special Situations Fund I, LP; nary nonstop holdings were progressive successful this transaction.
The transaction completes a multi-stage, planned exit, matching a signifier of reduced commercialized size reflecting the depletion of disposable stock capacity.
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Dave (NASDAQ:DAVE) Director Imran Khan sold his remaining 1,146 shares of the institution done indirect open-market income totaling astir $233,778 connected Dec. 18, 2025, according to a SEC Form 4 filing.

Metric

Value

Context

Shares sold (indirect)	1,146	Indirect open-market shares sold (code 'S') successful this filing
Shares traded (indirect)	1,146	Indirect shares disposed (sold + talented + withheld) successful this filing
Transaction value	~$233,778	Based connected SEC Form 4 weighted mean acquisition terms ($204.00)
Post-transaction shares (direct)		Directly held shares aft transaction completion
Post-transaction shares (indirect)		Indirectly held shares aft transaction completion
Post-transaction worth (direct ownership)	~$0.00	Based connected Dec. 18, 2025 marketplace adjacent ($208.78)

Transaction worth based connected SEC Form 4 weighted mean acquisition terms ($204.00).

How does this transaction impact Imran Khan’s ownership successful Dave?
Imran Khan’s indirect stake, antecedently held done Proem Special Situations Fund I, LP, was afloat exited, leaving him with zero nonstop oregon indirect shares post-transaction.
Was this transaction portion of a broader liquidation strategy?
Yes; this merchantability followed a bid of progressively smaller trades since June 2025, with median merchantability sizes declining arsenic wide holdings diminished, accordant with the exhaustion of remaining stock capacity.
What is the value of the indirect holding operation successful this filing?
All shares were disposed indirectly via Proem Special Situations Fund I, LP, arsenic clarified successful the Form 4 footnotes, and nary nonstop ownership was involved, highlighting the fund’s implicit exit.
How does the merchantability terms comparison to caller marketplace conditions?
The weighted mean merchantability terms was $204.00 per share, which is 7.8% beneath the existent terms of $221.32 arsenic of Dec. 23, 2025.