Chime Financial CEO Christopher Britt Sells $6.41M in Stock Under Rule 10b5-1 Plan
Chime Financial, Inc.
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Filing Summary
Chime Financial, Inc. ($CHYM) - Form 4 Filing Insider: Christopher R. Britt (Chief Executive Officer, Director) Transaction: Open Market Sale (Rule 10b5-1 Plan) Date: 2026-09-01 Shares: 200,000 Class A Common Stock Average Price: ~$32.04 Total Value: ~$6,407,014.26 Ownership After: 0 Class A shares in Trust; retains over 14.15M Class B shares indirectly and 235,417 Class A shares directly.
Comprehensive Analysis
Executive Summary
On September 1, 2026, Christopher R. Britt, Chief Executive Officer and Director of Chime Financial, Inc. ($CHYM), converted 200,000 shares of Class B Common Stock into Class A Common Stock and subsequently sold all 200,000 Class A shares for a total value of approximately $6,407,014.26.
Transaction Details
- Conversion: 200,000 shares of Class B Common Stock were converted to Class A Common Stock on a 1:1 basis.
- Sales (Rule 10b5-1):
- Tranche 1: 166,546 shares sold at a weighted average price of $31.9084 (price range: $31.54 – $32.535).
- Tranche 2: 33,454 shares sold at a weighted average price of $32.6656 (price range: $32.54 – $32.94).
- Total Sale Proceeds: ~$6.41M
- Plan Details: The transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on September 15, 2025.
Holdings After Transaction
- Direct Ownership: 235,417 shares of Class A Common Stock (including RSUs).
- Indirect Ownership via Britt Living Trust: 14,155,103 shares of Class B Common Stock.
- Other Indirect Holdings (GRATs & Trusts): An additional 1,933,198 shares of Class B Common Stock across various trusts.
Significance
This transaction represents a routine execution under a Rule 10b5-1 trading plan. The CEO continues to hold significant equity in the company, maintaining over 14.15 million Class B shares.
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