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Chime Financial CEO Christopher Britt Sells $6.41M in Stock Under Rule 10b5-1 Plan

Medium SignificanceSeptember 3, 2026 at 10:10:27 PM UTC

Chime Financial, Inc.

$CHYM4CIK: 0001795586

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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.

Topics:#CHYM#ChimeFinancial#InsiderTrading#SEC#Form4

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