Chime co-founder sells 42,421 shares at $35.1476
Chime Financial, Inc. (CHYM) director and co-founder Ryan A. King reported a series of transactions on September 9, 2026 involving Class A and Class B Common Stock.
Rhea-AI Filing Summary
Chime Financial, Inc. (CHYM) director and co-founder Ryan A. King reported a series of transactions on September 9, 2026 involving Class A and Class B Common Stock. A block of 34,941 shares of indirectly held Class B Common Stock was converted into an equal number of Class A shares, and 42,421 Class A shares were then sold at a weighted average price of $35.1476 per share. The sale was made pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. Following these transactions, King continues to hold derivative interests in multiple blocks of Class B shares convertible into Class A shares, as well as 116,667 Class A shares held directly, which include restricted stock units.
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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
14 txns
Insider
King Ryan A
Role
Co-Founder
Sold
42,421 shs ($1.49M)
Approx. gross sale proceeds
$1.49M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F5, F1 | 34,941 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 34,941 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3, F1 | 42,421 | $35.1476 | $1.49M |
| 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 — 14,318,250 contracts for 2,507,350 underlying shares (Indirect, See footnote);
Class A Common Stock — 0 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 $35.00 to $35.37 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: 34,941 shares
Class A shares sold: 42,421 shares
Weighted average sale price: $35.1476 per share
+4 more
7 metrics
Class B shares converted
34,941 shares
Class B Common Stock converted into Class A on September 9, 2026
Class A shares sold
42,421 shares
Class A Common Stock sale on September 9, 2026
Weighted average sale price
$35.1476 per share
Class A share sales between $35.00 and $35.37 per share
Direct Class A holdings after transaction
116,667 shares
Class A Common Stock held directly by Ryan A. King following reported transactions
Direct Class B derivative position
14,408 underlying shares
Class B Common Stock directly held, convertible into Class A
Large indirect Class B blocks
900,000; 900,000; 225,000 underlying shares
Representative indirect Class B holdings, each convertible into Class A at a 1:1 ratio
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, attorney-in-fact, +1 more
5 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.
weighted average price financial
"The 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.
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share"
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.
FAQ
What did Chime Financial (CHYM) co-founder Ryan A. King report in this Form 4?
Ryan A. King reported converting 34,941 Class B shares into Class A Common Stock and selling 42,421 Class A shares on September 9, 2026, at a weighted average price of $35.1476 per share, under a pre-arranged Rule 10b5-1 trading plan.
Were the CHYM stock sales by Ryan A. King under a Rule 10b5-1 plan?
Yes. A footnote states the 42,421 Class A shares were sold pursuant to a Rule 10b5-1 trading plan adopted by Ryan A. King on August 28, 2025, and the filing affirmatively indicates use of such a plan.
How are Ryan A. King’s indirect Chime Financial (CHYM) holdings structured?
Footnotes state that various share blocks are held by the King Family Trust and several King irrevocable and gift trusts, for which Ryan A. King serves as trustee or attorney-in-fact, and by a family member, Maureen Vergara.
AI-generated analysis. How Rhea-AI works. Not financial advice.
