Chime Financial: King trust sells 63,382 shares
Each Class B share is convertible into one Class A share at the holder's option and has no expiration date.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Chime Financial, Inc. (CHYM) Co-Founder and director Ryan A. King reported that the King Family Trust converted 63,382 Class B Common Stock shares into Class A Common Stock shares and sold 63,382 Class A shares on November 5, 2026. Sales comprised 59,032 shares at a weighted average of $31.2608 per share and 4,350 shares at a weighted average of $32.1109 per share. The sales were made under a Rule 10b5-1 trading plan Ryan A. King adopted on August 28, 2025; he serves as trustee of the King Family Trust.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
King Ryan A
Role
Co-Founder
Sold
63,382 shs ($1.99M)
Approx. gross sale proceeds
$1.99M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F6, F1 | 63,382 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 63,382 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F3, F1 | 59,032 | $31.2608 | $1.85M |
| Sale | Class A Common Stock F2, F4, F1 | 4,350 | $32.1109 | $140K |
| Holding | Class B Common Stock F6 | -- | -- | -- |
| Holding | Class B Common Stock F6, F7 | -- | -- | -- |
| Holding | Class B Common Stock F6, F8 | -- | -- | -- |
| Holding | Class B Common Stock F6, F9 | -- | -- | -- |
| Holding | Class B Common Stock F6, F10 | -- | -- | -- |
| Holding | Class B Common Stock F6, F11 | -- | -- | -- |
| Holding | Class B Common Stock F6, F12 | -- | -- | -- |
| Holding | Class B Common Stock F6, F13 | -- | -- | -- |
| Holding | Class B Common Stock F6, F14 | -- | -- | -- |
| Holding | Class B Common Stock F6, F15 | -- | -- | -- |
| Holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 14,193,250 shares, with 2,507,350 underlying shares of Class A Common Stock (Indirect, See footnote);
Class A Common Stock — 37,812 shares (Indirect, See footnote);
Class B Common Stock — 14,408 shares (Direct);
Class A Common Stock — 116,667 shares (Direct)
Footnotes (15)
- 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 $31.00 to $31.94 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.00 to $32.19 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.
- F5. 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.
- F6. 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.
- F7. The shares are held by King Irrevocable Trust A, for which the Reporting Person serves as attorney-in-fact.
- F8. The shares are held by King Irrevocable Trust M, for which the Reporting Person serves as attorney-in-fact.
- F9. The shares are held by King Grantor Trust MV, for which the Reporting Person serves as attorney-in-fact.
- F10. The shares are held by King Gift Trust AK, for which the Reporting Person serves as attorney-in-fact.
- F11. The shares are held by King Gift Trust AV, for which the Reporting Person serves as attorney-in-fact.
- F12. The shares are held by King Gift Trust CV, for which the Reporting Person serves as attorney-in-fact.
- F13. The shares are held by King Gift Trust MK, for which the Reporting Person serves as attorney-in-fact.
- F14. The shares are held by King Gift Trust NV, for which the Reporting Person serves as attorney-in-fact.
- F15. The shares are held by Maureen Vergara, a member of the Reporting Person's family.
Key Figures
Class B shares converted: 63,382 shares
Class A shares sold: 63,382 shares
First sale tranche: 59,032 shares
+3 more
6 metrics
Class B shares converted
63,382 shares
Converted into Class A shares on November 5, 2026
Class A shares sold
63,382 shares
November 5, 2026
First sale tranche
59,032 shares
November 5, 2026
Weighted average sale price
$31.2608 per share
59,032-share tranche on November 5, 2026
Second sale tranche
4,350 shares
November 5, 2026
Weighted average sale price
$32.1109 per share
4,350-share tranche on November 5, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, contingent right
4 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.
contingent right financial
"Each RSU represents a contingent right to receive one share"
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