Chime Financial CFO sells 65K shares via plan
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Form Type
4
Rhea-AI Filing Summary
Chime Financial, Inc. reported that Chief Financial Officer Matthew S. Newcomb, through the 2019 Newcomb Fox Family Trust, sold a total of 65,000 shares of Class A Common Stock on August 6, 2026, at prices of $28.30 and $31.00 per share under a Rule 10b5-1 trading plan. Newcomb continues to hold 478,172 shares directly.
Insider Trade Summary 10b5-1
Net Seller: 65,000 shares
Net Sell
3 txns
Insider
Newcomb Matthew S
Role
Chief Financial Officer
Sold
65,000 shs ($1.96M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2, F3 | 20,000 | $28.30 | $566K |
| Sale | Class A Common Stock F1, F2, F3 | 45,000 | $31.00 | $1.40M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,216,070 shares (Indirect, See footnote);
Class A Common Stock — 478,172 shares (Direct)
Footnotes (3)
- F1. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 25, 2025.
- F2. 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.
- F3. These shares are held by 2019 Newcomb Fox Family Trust, for which the Reporting Person and his spouse serve as trustees.
Key Figures
Shares sold at $28.30: 20,000 shares
Shares sold at $31.00: 45,000 shares
Total shares sold: 65,000 shares
+3 more
6 metrics
Shares sold at $28.30
20,000 shares
Indirect sale of Class A Common Stock on August 6, 2026
Shares sold at $31.00
45,000 shares
Indirect sale of Class A Common Stock on August 6, 2026
Total shares sold
65,000 shares
Aggregate insider sales reported for August 6, 2026
Direct holdings after transaction
478,172 shares
CFO’s direct ownership of Class A Common Stock following reported sales
10b5-1 plan adoption date
August 25, 2025
Date the CFO adopted the Rule 10b5-1 trading plan used for these sales
Sale price range
$28.30–$31.00 per share
Prices for reported Class A Common Stock sales
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), Class A Common Stock, indirect ownership
4 terms
Rule 10b5-1 trading plan regulatory
"These shares were sold pursuant to a Rule 10b5-1 trading plan adopted"
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"
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.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
indirect ownership financial
"These shares are held by 2019 Newcomb Fox Family Trust, for which"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Chime Financial (CHYM) disclose?
Chime Financial disclosed that CFO Matthew S. Newcomb sold 65,000 shares of Class A Common Stock on August 6, 2026. The sales were executed indirectly through a family trust under a Rule 10b5-1 trading plan.
Were the Chime Financial (CHYM) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the 65,000-share sale was made under a Rule 10b5-1 trading plan adopted on August 25, 2025. This indicates the trades followed a pre-arranged schedule rather than discretionary timing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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