Sec Form 4 Filing - Wilk Jason @ VPC Impact Acquisition Holdings III, Inc. - 2022-01-05

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Wilk Jason 2. Issuer Name and Ticker or Trading Symbol VPC Impact Acquisition Holdings III, Inc. [ DAVE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) 1265 S. COCHRAN AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 01/05/2022 (Street) LOS ANGELES, CA90019 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Class V Common Stock ( 1 )( 2 ) 01/05/2022 A( 1 )( 2 ) 48,450,639 ( 1 )( 2 ) ( 1 )( 2 ) Class A Common Stock 48,450,639 ( 1 )( 2 ) 48,450,639 D Stock Option (right to buy) $ 0.72( 3 ) 01/05/2022 A( 4 ) 11,456,061 ( 5 ) 03/02/2031 Class A Common Stock 11,456,061 ( 4 ) 11,456,061 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Wilk Jason 1265 S. COCHRAN AVENUE LOS ANGELES, CA90019 X Chief Executive Officer Signatures /s/ John Ricci, As Attorney-in-Fact 01/07/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On January 5, 2022, pursuant to that certain Agreement and Plan of Merger, dated as of June 7, 2021 (the "Merger Agreement"), by and among VPC Impact Acquisition Holdings III, Inc. (the "Issuer"), Dave Inc., a Delaware corporation ("Legacy Dave"), and the other parties thereto, the Issuer completed its initial business combination (the "Business Combination"). As a result of the Business Combination, the Issuer changed its name to Dave Inc. (Continued footnote) ( 2 )In connection with the Business Combination and the recapitalization in accordance with the Merger Agreement, 35,773,100 shares of Class V Common Stock of Legacy Dave held by the Reporting Person were converted into 48,450,639 shares of Class V Common Stock of the Issuer. The issuance of the shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Shares of Class V Common Stock (i) are entitled to ten (10) votes per share, (ii) have no expiration date, (iii) are convertible into shares of Class A Common Stock at the option of the holders of Class V Common Stock at any time upon written notice to the Issuer on a one-for-one basis and (iv) will automatically convert into shares of Class A Common Stock immediately prior to the close of business on the earliest to occur of certain events specified in the Issuer's charter. ( 3 )This exercise price reflects the conversion of Legacy Dave options to options to purchase shares of Class A Common Stock of the Issuer. ( 4 )In connection with the Business Combination and in accordance with the Merger Agreement, an option to purchase 8,458,481 shares of Class A Common Stock of Legacy Dave held by the Reporting Person was converted into an option to purchase 11,456,061 shares of Class A Common Stock of the Issuer. The issuance of the option was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act. ( 5 )The option was granted under Legacy Dave's 2017 Stock Plan (the "Plan") and one-third of the option vests upon the Issuer's achievement of a certain stock price milestone and one-twelfth of the option vests in eight tranches if the Issuer achieves various other stock price milestones, subject to the Reporting Person's continuous employment by the Issuer as Chief Executive Officer, Executive Chair or another C-suite position reporting to the Board of Directors of the Issuer; provided, however, that if the Reporting Person's employment is terminated by the Issuer without Cause (as defined in the Plan) or he resigns for Good Reason (as defined in the Plan), then the service requirement is deemed satisfied and the option will remain outstanding and continue to vest if and when such milestone requirements are met during the period following the Reporting Person's termination of employment as specified in the option award.

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