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Chime Financial General Counsel Exercises Options and Sells Over $3.39M in Class A Stock Under 10b5-1 Plan

Medium SignificanceSeptember 16, 2026 at 10:36:49 PM UTC

Chime Financial, Inc.

$CHYM4CIK: 0001795586

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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:

  1. Option Exercise (Code M): Exercised 60,000 stock options at an exercise price of $16.56 per share.
  2. 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.
Topics:#CHYM#ChimeFinancial#InsiderTrading#SECForm4#CorporateGovernance

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