Chime Co-Founder gifts shares, tax shares withheld
Chime Financial, Inc. director and Co-Founder Ryan A. King reported routine non-market share dispositions.
Rhea-AI Filing Summary
Chime Financial, Inc. director and Co-Founder Ryan A. King reported routine non-market share dispositions. On May 18, 2026, he made bona fide gifts of 7,480 shares of Class A Common Stock held directly and 7,480 shares held indirectly through the King Family Trust, where he serves as trustee.
On May 15, 2026, 4,187 shares were withheld by Chime to cover tax obligations tied to the net settlement of restricted stock units at $17.88 per share, which the company notes does not represent a sale by King. After these transactions, he holds 128,334 shares directly and 37,102 shares indirectly through the King Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,960 shares gifted
Gift
3 txns
Insider
King Ryan A
Role
Co-Founder
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 7,480 | $0.00 | $0.00 |
| Gift | Class A Common Stock | 7,480 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,187 | $17.88 | $75K |
Holdings After Transaction:
Class A Common Stock — 128,334 shares (Direct);
Class A Common Stock — 37,102 shares (Indirect, See footnote)
Footnotes (3)
- F1. 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.
- F2. 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.
- F3. The shares are held by the King Family Trust, for which the Reporting Person serves as trustee.
Key Figures
Gifted shares (direct): 7,480 shares
Gifted shares (trust): 7,480 shares
Total gifted shares: 14,960 shares
+4 more
7 metrics
Gifted shares (direct)
7,480 shares
Class A Common Stock gifted on May 18, 2026 (direct holding)
Gifted shares (trust)
7,480 shares
Class A Common Stock gifted on May 18, 2026 (King Family Trust)
Total gifted shares
14,960 shares
Sum of bona fide gifts reported in this filing
Tax-withheld shares
4,187 shares
Shares withheld for RSU tax obligations on May 15, 2026
Tax-withholding price
$17.88 per share
Value used for RSU-related tax withholding disposition
Post-transaction direct holdings
128,334 shares
Direct Class A Common Stock held after reported transactions
Post-transaction indirect holdings
37,102 shares
Class A Common Stock held via King Family Trust after transactions
Key Terms
bona fide gift, restricted stock units ("RSUs"), net settlement, tax withholding and remittance obligations, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
restricted stock units ("RSUs") financial
"net settlement of restricted stock units ("RSUs") and does not represent a sale"
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.
net settlement financial
"in connection with the net settlement of restricted stock units ("RSUs")"
tax withholding and remittance obligations financial
"withheld by the Issuer to satisfy its tax withholding and remittance obligations"
King Family Trust financial
"The shares are held by the King Family Trust, for which the Reporting Person"
FAQ
What insider transactions did Chime Financial (CHYM) report for Ryan A. King?
Chime Financial reported that Co-Founder and director Ryan A. King completed bona fide gifts of Class A Common Stock and had shares withheld for taxes. These transactions involved gifts from both his direct holdings and the King Family Trust, plus tax-related withholding on vested RSUs.
Were any of Ryan A. King’s Chime Financial (CHYM) transactions open-market sales?
None of the reported transactions were open-market sales. The filing shows bona fide gifts of shares and a tax-withholding disposition where Chime withheld shares to cover RSU-related tax obligations, which the company explicitly states does not represent a sale by King.
What are Ryan A. King’s Chime Financial (CHYM) holdings after these transactions?
After the reported transactions, Ryan A. King holds 128,334 shares of Chime Financial Class A Common Stock directly. He also holds 37,102 shares indirectly through the King Family Trust, reflecting his remaining equity position following the gifts and tax-withholding share reductions.
What role does the King Family Trust play in Chime Financial (CHYM) ownership?
The King Family Trust holds a portion of Ryan A. King’s Chime Financial shares. The filing states that he serves as trustee of the trust. Some of the gifted shares came from this trust, and 37,102 shares remain held there after the reported transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
