Chime Financial (CHYM) CEO details 50k spouse sale after share conversion
Rhea-AI Filing Summary
Chime Financial, Inc. Chief Executive Officer and director Christopher R. Britt filed a Form 4 reporting indirect transactions in the company’s stock on January 9, 2026. A family account converted 50,000 shares of Class B Common Stock into 50,000 shares of Class A Common Stock at $0 per share, and those Class A shares were then sold.
The 50,000 Class A shares were sold at a weighted average price of $28.0565 per share, in multiple trades between $28.0000 and $28.2150, under a Rule 10b5-1 trading plan adopted on September 15, 2025. The shares involved in these transactions are held by Britt’s spouse. After these trades, Britt continues to report 306,042 Class A shares held directly, some as restricted stock units, and additional indirect Class A interests through the Britt Living Trust and several trusts and GRATs that hold Class B shares convertible one-for-one into Class A with no expiration.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 50,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 50,000 | $0.00 | -- |
| Sale | Class A Common Stock | 50,000 | $28.0565 | $1.40M |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- The shares are held by the Reporting Person's spouse. These shares were sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 15, 2025. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.0000 to $28.2150 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. 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. The shares are held by the Britt Living Trust, for which the Reporting Person serves as trustee. 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. The shares are held by the Tiger GRAT, for which William Gheen III serves as trustee. The shares are held by held by the Aloha Trust, for which William Gheen III serves as trustee. The shares are held by the Tiger Trust, for which William Gheen III serves as trustee. The shares are held by the Aloha GRAT, for which William Gheen III serves as trustee.
