Chime Financial General Counsel Exercises Options and Sells Over $3.39M in Class A Stock Under 10b5-1 Plan
Chime Financial, Inc.
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Filing Summary
Insider Sale Alert: Chime Financial, Inc. ($CHYM) • Insider: Adam B. Frankel (General Counsel) • Transaction: Exercised 60,000 options at $16.56 and sold 102,002 Class A Common shares across two tranches ($33.23 and $33.78 weighted avg). • Total Value: ~$3.40M • Direct Holdings Post-Transaction: 364,828 shares • Plan: Executed pursuant to a Rule 10b5-1 plan adopted June 16, 2026.
Comprehensive Analysis
Executive Transaction Summary
- Reporting Owner: Adam B. Frankel, General Counsel of Chime Financial, Inc. ($CHYM)
- Transaction Date: September 15, 2026
- Filing Date: September 16, 2026
Transaction Breakdown:
- Option Exercise (Code M): Exercised 60,000 stock options at an exercise price of $16.56 per share.
- Open Market Sales (Code S):
- Sold 86,948 shares of Class A Common Stock at a weighted average price of $33.2269 ($32.760 to $33.755 range).
- Sold 15,054 shares of Class A Common Stock at a weighted average price of $33.7846 ($33.760 to $33.960 range).
- Total Disposition: 102,002 shares for total gross proceeds of approximately $3,397,605.77.
- Remaining Holdings: Retains 364,828 direct shares of Class A Common Stock (including RSUs) and 213,567 remaining unexercised stock options.
Context & Plan Details:
- The sales were executed under a pre-scheduled Rule 10b5-1 trading plan adopted on June 16, 2026.
- Trading significance is rated Medium due to the programmatic nature of 10b5-1 sales paired with option exercises.
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