Chime Financial (CHYM) co-founder trades 375,000 shares after converting Class B stock
Rhea-AI Filing Summary
Chime Financial, Inc. director and co-founder Ryan A. King reported transactions involving shares held indirectly through the King Family Trust, where he serves as trustee. On 2026-08-06, 337,898 shares of Class B Common Stock were converted into 337,898 shares of Class A Common Stock. On the same date, 375,000 Class A shares held by that trust were sold in open-market or private transactions in three blocks of 37,102, 112,898 and 225,000 shares at weighted average prices of $29.00, $29.0305 and $31.0969 per share, respectively, pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. King also reports remaining positions including 14,408 Class B shares held directly, each convertible into one Class A share with no expiration date, and 128,334 Class A shares held directly, a portion of which are RSUs that vest over time.
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Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
16 txns
Insider
King Ryan A
Role
Co-Founder
Sold
375,000 shs ($11.35M)
Approx. gross sale proceeds
$11.35M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F6, F1 | 337,898 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 337,898 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F1 | 37,102 | $29.00 | $1.08M |
| Sale | Class A Common Stock F2, F3, F1 | 112,898 | $29.0305 | $3.28M |
| Sale | Class A Common Stock F2, F4, F1 | 225,000 | $31.0969 | $7.00M |
| holding | Class B Common Stock F6 | -- | -- | -- |
| holding | Class B Common Stock F6, F7 | -- | -- | -- |
| holding | Class B Common Stock F6, F8 | -- | -- | -- |
| holding | Class B Common Stock F6, F9 | -- | -- | -- |
| holding | Class B Common Stock F6, F10 | -- | -- | -- |
| holding | Class B Common Stock F6, F11 | -- | -- | -- |
| holding | Class B Common Stock F6, F12 | -- | -- | -- |
| holding | Class B Common Stock F6, F13 | -- | -- | -- |
| holding | Class B Common Stock F6, F14 | -- | -- | -- |
| holding | Class B Common Stock F6, F15 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 14,353,191 shares (Indirect, See footnote);
Class A Common Stock — 0 shares (Indirect, See footnote);
Class B Common Stock — 14,408 shares (Direct);
Class A Common Stock — 128,334 shares (Direct)
Footnotes (15)
- 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 $29.00 to $29.24 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. 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 $31.29 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.
- F5. 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.
- F6. 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.
- F7. The shares are held by King Irrevocable Trust A, for which the Reporting Person serves as attorney-in-fact.
- F8. The shares are held by King Irrevocable Trust M, for which the Reporting Person serves as attorney-in-fact.
- F9. The shares are held by King Grantor Trust MV, for which the Reporting Person serves as attorney-in-fact.
- F10. The shares are held by King Gift Trust AK, for which the Reporting Person serves as attorney-in-fact.
- F11. The shares are held by King Gift Trust AV, for which the Reporting Person serves as attorney-in-fact.
- F12. The shares are held by King Gift Trust CV, for which the Reporting Person serves as attorney-in-fact.
- F13. The shares are held by King Gift Trust MK, for which the Reporting Person serves as attorney-in-fact.
- F14. The shares are held by King Gift Trust NV, for which the Reporting Person serves as attorney-in-fact.
- F15. The shares are held by Maureen Vergara, a member of the Reporting Person's family, for which the Reporting Person serves as attorney-in-fact.
Key Figures
Class B to Class A conversion: 337,898 shares
Total Class A shares sold: 375,000 shares
First sale block price: $29.00 per share
+5 more
8 metrics
Class B to Class A conversion
337,898 shares
Class B Common Stock converted into Class A Common Stock on 2026-08-06
Total Class A shares sold
375,000 shares
Aggregate Class A Common Stock sold on 2026-08-06 in three transactions
First sale block price
$29.00 per share
37,102 Class A shares sold at a weighted average price
Second sale block price
$29.0305 per share
112,898 Class A shares sold at weighted average price with range $29.00–$29.24
Third sale block price
$31.0969 per share
225,000 Class A shares sold at weighted average price with range $31.00–$31.29
Direct Class A holdings
128,334 shares
Class A Common Stock held directly after the reported transactions, including RSUs
Direct Class B holdings
14,408 shares
Class B Common Stock held directly, each convertible into one Class A share
10b5-1 plan adoption date
August 28, 2025
Date Ryan A. King adopted the Rule 10b5-1 trading plan used for these sales
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), weighted average price, Class B Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"
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 ("RSUs") financial
"Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions"
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
attorney-in-fact regulatory
"for which the Reporting Person serves as attorney-in-fact"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Chime Financial (CHYM) co-founder Ryan A. King report in this Form 4?
Ryan A. King reported a conversion of 337,898 Class B shares into Class A and the sale of 375,000 Class A shares held indirectly through a family trust on 2026-08-06.
What Chime Financial (CHYM) holdings does Ryan A. King report after these transactions?
He reports 14,408 Class B shares held directly, each convertible to one Class A share, plus 128,334 Class A shares held directly, some of which are restricted stock units (RSUs) subject to vesting conditions.