Chime CEO Britt sells 100K shares at ~$34
After the Aug. 28, 2026 Rule 10b5-1 sales at about $34.0295 per share, Christopher R. Britt reports owning 235,417 shares of Class A common stock.
Rhea-AI Filing Summary
Chime Financial, Inc. (CHYM) director and Chief Executive Officer Christopher R. Britt reported a series of transactions on August 28, 2026. An indirect holding of 88,618 shares of Class B Common Stock was converted into 88,618 shares of Class A Common Stock, and a total of 100,000 Class A shares were then sold indirectly in open-market or private transactions at prices including $34.00 and a weighted average of $34.0295 per share. The sales were executed pursuant to a Rule 10b5-1 trading plan adopted on September 15, 2025, and the sold and converted shares were held by the Britt Living Trust, for which Britt serves as trustee. Following these transactions, Britt reports direct ownership of 235,417 shares of Class A Common Stock (including certain restricted stock units) and continuing indirect interests in several Class B Common Stock positions convertible into Class A Common Stock, including blocks representing 466,599 and 500,000 underlying Class A shares held through various trusts.
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Insights
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Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Britt Christopher R
Role
Chief Executive Officer
Sold
100,000 shs ($3.40M)
Approx. gross sale proceeds
$3.40M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F5, F1 | 88,618 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 88,618 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F1 | 11,382 | $34.00 | $387K |
| Sale | Class A Common Stock F2, F3, F1 | 88,618 | $34.0295 | $3.02M |
| 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 A Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 16,288,301 contracts for 1,933,198 underlying shares (Indirect, See footnote);
Class A Common Stock — 0 shares (Indirect, See footnote);
Class A Common Stock — 235,417 shares (Direct)
Footnotes (9)
- F1. The shares are held by the Britt Living 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 September 15, 2025.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.00 to $34.14 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 the Tiger GRAT, for which William Gheen III serves as trustee.
- F7. The shares are held by held by the Aloha Trust, for which William Gheen III serves as trustee.
- F8. The shares are held by the Tiger Trust, for which William Gheen III serves as trustee.
- F9. The shares are held by the Aloha GRAT, for which William Gheen III serves as trustee.
Key Figures
Class A shares sold: 100,000 shares
Conversion of Class B to Class A: 88,618 shares
Sale price per share: $34.00
+4 more
7 metrics
Class A shares sold
100,000 shares
Total Class A Common Stock sold indirectly on August 28, 2026
Conversion of Class B to Class A
88,618 shares
Class B Common Stock converted into Class A on August 28, 2026
Sale price per share
$34.00
Per-share price for 11,382 Class A shares sold
Weighted average sale price
$34.0295
Weighted average price for 88,618 Class A shares sold
Direct Class A holdings
235,417 shares
Class A Common Stock held directly after transactions, including certain RSUs
Underlying Class A via Class B (trust block)
466,599 shares
Underlying Class A shares for one indirect Class B position
Underlying Class A via Class B (trust block)
500,000 shares
Underlying Class A shares for another indirect Class B position
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), Class B Common Stock, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"These shares were sold pursuant to a Rule 10b5-1 trading plan adopted"
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.
restricted stock units ("RSUs") financial
"Certain of these securities are restricted stock units ("RSUs"). Each RSU repr"
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's"
FAQ
What did CHYM CEO Christopher R. Britt do in this Form 4 filing?
Christopher R. Britt reported converting 88,618 shares of Class B Common Stock into 88,618 shares of Class A Common Stock and indirectly selling a total of 100,000 Class A shares on August 28, 2026, all pursuant to a pre-established Rule 10b5-1 trading plan.
Was the CHYM insider sale under a Rule 10b5-1 trading plan?
Yes. The filing states that the reported sales of Class A Common Stock were made pursuant to a Rule 10b5-1 trading plan adopted by Christopher R. Britt on September 15, 2025, indicating they followed a pre-arranged trading schedule.
AI-generated analysis. How Rhea-AI works. Not financial advice.
