Chime Financial trust plans 42K-share sale
Chime Financial, Inc. (CHYM) has a notice of proposed sale under Rule 144 filed on behalf of KING FAMILY TRUST.
Rhea-AI Filing Summary
Chime Financial, Inc. (CHYM) has a notice of proposed sale under Rule 144 filed on behalf of KING FAMILY TRUST. The trust plans to sell up to 42,421 shares of common stock through Morgan Stanley Smith Barney LLC, with shares sourced from restricted stock units and previously exercised stock options. The notice also lists recent 10b5-1 plan sales totaling 375,000 shares over the past three months.
Positive
- None.
Negative
- None.
Key Figures
Shares to be sold under Rule 144: 42,421 shares
Aggregate market value of planned sale: $1,370,622.51
Shares outstanding: 347,019,852 shares
+4 more
7 metrics
Shares to be sold under Rule 144
42,421 shares
Total common shares KING FAMILY TRUST plans to sell
Aggregate market value of planned sale
$1,370,622.51
Market value of 42,421 shares to be sold
Shares outstanding
347,019,852 shares
Chime Financial, Inc. common stock outstanding
RSU shares included in sale
7,480 shares
From Restricted Stock Units dated August 15, 2026
Option shares included in sale
34,941 shares
From Previously Exercised Stock Options dated October 10, 2019
Shares sold in past 3 months
375,000 shares
10b5-1 sales on August 6, 2026 by KING FAMILY TRUST
Proceeds from past 3-month sales
$11,350,240.00
Total for 375,000 CHYM shares sold on August 6, 2026
Key Terms
Rule 144, Restricted Stock Units, Previously Exercised Stock Options, 10b5-1
4 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Units financial
"Common | 08/15/2026 | Restricted Stock Units | Issuer"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Previously Exercised Stock Options financial
"Common | 10/10/2019 | Previously Exercised Stock Options | Issuer"
10b5-1 regulatory
"10b5-1 Sales for KING FAMILY TRUST"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
FAQ
What does the Form 144 filing mean for Chime Financial, Inc. (CHYM)?
The filing reports that KING FAMILY TRUST intends to sell up to 42,421 CHYM common shares under Rule 144. It is a notice of a potential resale by an affiliated holder and does not itself change the company’s capital structure.
AI-generated analysis. How Rhea-AI works. Not financial advice.