Chime Financial: King trust sells 50,000 shares
The reported sales were made under a Rule 10b5-1 trading plan adopted by Ryan A. King on August 28, 2025.
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Form Type
4
Rhea-AI Filing Summary
Chime Financial, Inc. (CHYM) reported that the King Family Trust, for which Ryan A. King, a Co-Founder, serves as trustee, converted 50,000 Class B shares into Class A shares and sold 50,000 Class A shares on October 9, 2026, at a weighted average price of $29.3954 per share. On October 13, 2026, the trust converted and sold another 300 shares at $31 per share. The sales were made under a Rule 10b5-1 trading plan adopted by Ryan A. King on August 28, 2025.
After the October 9 transactions, Ryan A. King reported 191,667 Class A shares held directly; certain of these securities are restricted stock units.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
17 txns
Insider
King Ryan A
Role
Co-Founder
Sold
50,300 shs ($1.48M)
Approx. gross sale proceeds
$1.48M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F5, F1 | 300 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 300 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F1 | 300 | $31.00 | $9K |
| Conversion | Class B Common Stock F5, F1 | 50,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 50,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3, F1 | 50,000 | $29.3954 | $1.47M |
| 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 — 14,267,950 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 — 191,667 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 $29.13 to $29.61 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: 50,000 shares
Class A shares sold: 50,000 shares
Weighted average sale price: $29.3954 per share
+5 more
8 metrics
Class B shares converted
50,000 shares
Converted into Class A shares on October 9, 2026
Class A shares sold
50,000 shares
King Family Trust sale on October 9, 2026
Weighted average sale price
$29.3954 per share
50,000 Class A shares sold on October 9, 2026
Sale price range
$29.13 to $29.61 per share
Transactions for the 50,000 shares sold on October 9, 2026
Class B shares converted
300 shares
Converted into Class A shares on October 13, 2026
Class A shares sold
300 shares
King Family Trust sale on October 13, 2026
Sale price
$31 per share
300 Class A shares sold on October 13, 2026
Direct Class A shares held
191,667 shares
Ryan A. King's reported holding after the October 9, 2026 transactions; certain securities are restricted stock units
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units
3 terms
Rule 10b5-1 trading plan regulatory
"sold pursuant to a Rule 10b5-1 trading plan"
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.
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.
restricted stock units financial
"Certain of these securities are restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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