Chime Financial (CHYM) CAO has 10,957 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chime Financial, Inc.’s Chief Accounting Officer Asmerom Amine reported a tax-related share disposition tied to restricted stock units. On the reported date, 10,957 shares of Class A common stock, valued at $19.69 per share, were withheld by the company to cover tax obligations from the net settlement of RSUs and did not involve an open-market sale by Amine. After this withholding, he directly holds 211,213 shares of Class A common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Asmerom Amine
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 10,957 | $19.69 | $216K |
Holdings After Transaction:
Class A Common Stock — 211,213 shares (Direct)
Footnotes (1)
- Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units ("RSUs") and does not represent a sale by the Reporting Person. Certain of these securities are 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.
FAQ
What insider transaction did Chime Financial (CHYM) report for Asmerom Amine?
Chime Financial reported that Chief Accounting Officer Asmerom Amine had 10,957 Class A shares withheld to cover tax obligations from restricted stock units. This was a tax-withholding disposition by the issuer, not an open-market sale by Amine.
Was the Chime Financial (CHYM) Form 4 transaction an open-market stock sale?
No, the Form 4 specifies the shares were withheld by Chime Financial to satisfy tax withholding and remittance obligations on RSUs. The footnote clarifies this does not represent a sale by the reporting person in the market.
What does the Form 4 say about Chime Financial (CHYM) restricted stock units?
The Form 4 notes that certain securities are restricted stock units, each representing a contingent right to receive one share of Class A common stock. These RSUs vest according to applicable schedules and conditions set by Chime Financial.
How is the Chime Financial (CHYM) Form 4 transaction coded and described?
The transaction uses code “F,” described as payment of exercise price or tax liability by delivering securities. It is categorized as a tax-withholding disposition, where shares are withheld by the issuer rather than sold by the insider.