Chime Financial: King trust sells 11,318 shares
The co-founder’s Rule 10b5-1 trading plan, adopted on August 28, 2025, covered the reported trust sale.
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Form Type
4
Rhea-AI Filing Summary
Chime Financial, Inc. co-founder Ryan A. King reported that the King Family Trust, for which he serves as trustee, converted 11,318 Class B shares into 11,318 Class A shares on October 20, 2026, then sold 11,318 Class A shares at a $31.0269 weighted average price. Reported sale prices ranged from $31.00 to $31.07 per share. The sale was made under a Rule 10b5-1 trading plan King adopted on August 28, 2025.
The report lists a direct post-transaction position of 116,667 Class A shares; certain of these securities are RSUs. It also lists Class B holdings convertible into Class A shares, including 14,408 underlying shares held directly and 900,000 underlying shares in each of King Irrevocable Trust A and King Irrevocable Trust M.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
14 txns
Insider
King Ryan A
Role
Co-Founder
Sold
11,318 shs ($351K)
Approx. gross sale proceeds
$351K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F5, F1 | 11,318 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 11,318 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3, F1 | 11,318 | $31.0269 | $351K |
| holding | Class B Common Stock F5 | -- | -- | -- |
| holding | Class B Common Stock F5, F6 | -- | -- | -- |
| holding | Class B Common Stock F5, F7 | -- | -- | -- |
| holding | Class B Common Stock F5, F8 | -- | -- | -- |
| holding | Class B Common Stock F5, F9 | -- | -- | -- |
| holding | Class B Common Stock F5, F10 | -- | -- | -- |
| holding | Class B Common Stock F5, F11 | -- | -- | -- |
| holding | Class B Common Stock F5, F12 | -- | -- | -- |
| holding | Class B Common Stock F5, F13 | -- | -- | -- |
| holding | Class B Common Stock F5, F14 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 14,256,632 contracts for 2,507,350 underlying shares (Indirect, See footnote);
Class A Common Stock — 37,812 shares (Indirect, See footnote);
Class B Common Stock — 14,408 contracts (Direct);
Class A Common Stock — 116,667 shares (Direct)
Footnotes (14)
- F1. The shares are held by the King Family Trust, for which the Reporting Person serves as trustee.
- F2. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2025.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.00 to $31.07 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
- F4. Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
- F5. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- F6. The shares are held by King Irrevocable Trust A, for which the Reporting Person serves as attorney-in-fact.
- F7. The shares are held by King Irrevocable Trust M, for which the Reporting Person serves as attorney-in-fact.
- F8. The shares are held by King Grantor Trust MV, for which the Reporting Person serves as attorney-in-fact.
- F9. The shares are held by King Gift Trust AK, for which the Reporting Person serves as attorney-in-fact.
- F10. The shares are held by King Gift Trust AV, for which the Reporting Person serves as attorney-in-fact.
- F11. The shares are held by King Gift Trust CV, for which the Reporting Person serves as attorney-in-fact.
- F12. The shares are held by King Gift Trust MK, for which the Reporting Person serves as attorney-in-fact.
- F13. The shares are held by King Gift Trust NV, for which the Reporting Person serves as attorney-in-fact.
- F14. The shares are held by Maureen Vergara, a member of the Reporting Person's family.
Key Figures
Class B shares converted: 11,318 shares
Class A shares sold: 11,318 shares
Weighted average sale price: $31.0269 per share
+4 more
7 metrics
Class B shares converted
11,318 shares
Converted into Class A shares on October 20, 2026
Class A shares sold
11,318 shares
King Family Trust sale on October 20, 2026
Weighted average sale price
$31.0269 per share
October 20, 2026 sale
Sale price range
$31.00 to $31.07 per share
Prices across multiple transactions; inclusive
Direct post-transaction Class A position
116,667 shares
Certain of these securities are RSUs
Underlying Class A shares in direct Class B holdings
14,408 shares
Convertible Class B holdings listed on October 20, 2026
Underlying Class A shares in each of King Irrevocable Trust A and King Irrevocable Trust M
900,000 shares
Convertible Class B holdings listed on October 20, 2026
Key Terms
weighted average price, Rule 10b5-1 trading plan, restricted stock units, contingent right
4 terms
weighted average price financial
"reported price in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Rule 10b5-1 trading plan regulatory
"sold pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"Certain of these securities are restricted stock units"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
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