Chime CEO Britt sells 550,000 Class A shares
Chime Financial, Inc. director and Chief Executive Officer Christopher R. Britt reported a series of indirect transactions in early August 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Chime Financial, Inc. director and Chief Executive Officer Christopher R. Britt reported a series of indirect transactions in early August 2026. Over August 6–10, he converted 482,843 shares of Class B Common Stock into Class A Common Stock and sold 550,000 Class A shares indirectly, including through his spouse and the Britt Living Trust, under a Rule 10b5-1 trading plan. Reported weighted-average sale prices ranged from $28.2402 to $30.6252 per share. Following these transactions, he directly holds 258,959 Class A shares and retains indirect Class B positions convertible into Class A, including blocks of 466,599 and 500,000 underlying shares.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
19 txns
Insider
Britt Christopher R
Role
Chief Executive Officer
Sold
550,000 shs ($16.46M)
Approx. gross sale proceeds
$16.46M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F10, F5 | 150,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F5 | 150,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F8, F1 | 150,000 | $30.1566 | $4.52M |
| Conversion | Class B Common Stock F10, F1 | 83,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F10, F5 | 49,843 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 83,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F4, F1 | 83,000 | $30.3988 | $2.52M |
| Conversion | Class A Common Stock F5 | 49,843 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F6, F5 | 67,157 | $30.5389 | $2.05M |
| Sale | Class A Common Stock F2, F7, F5 | 49,843 | $30.6252 | $1.53M |
| Conversion | Class B Common Stock F10, F1 | 200,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 200,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock F2, F1 | 100,000 | $28.2402 | $2.82M |
| Sale | Class A Common Stock F2, F3, F1 | 100,000 | $30.1399 | $3.01M |
| holding | Class B Common Stock F10, F11 | -- | -- | -- |
| holding | Class B Common Stock F10, F12 | -- | -- | -- |
| holding | Class B Common Stock F10, F13 | -- | -- | -- |
| holding | Class B Common Stock F10, F14 | -- | -- | -- |
| holding | Class A Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 16,376,919 contracts for 1,933,198 underlying shares (Indirect, See footnote);
Class A Common Stock — 0 shares (Indirect, See footnote);
Class A Common Stock — 258,959 shares (Direct)
Footnotes (14)
- F1. The shares are held by the Reporting Person's spouse.
- 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 $30.00 to $30.32 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 $30.00 to $30.51 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. The shares are held by the Britt Living Trust, for which the Reporting Person serves as trustee.
- F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.51 to $30.56 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.
- F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.56 to $30.77 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.
- F8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $30.00 to $30.36 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.
- F9. 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.
- F10. 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.
- F11. The shares are held by the Tiger GRAT, for which William Gheen III serves as trustee.
- F12. The shares are held by held by the Aloha Trust, for which William Gheen III serves as trustee.
- F13. The shares are held by the Tiger Trust, for which William Gheen III serves as trustee.
- F14. The shares are held by the Aloha GRAT, for which William Gheen III serves as trustee.
Key Figures
Shares sold: 550,000 shares of Class A Common Stock
Shares converted: 482,843 shares of Class B Common Stock
Lowest reported sale price: $28.2402 per share
+4 more
7 metrics
Shares sold
550,000 shares of Class A Common Stock
Indirect sales reported over August 6–10, 2026
Shares converted
482,843 shares of Class B Common Stock
Converted into 482,843 shares of Class A Common Stock
Lowest reported sale price
$28.2402 per share
Weighted-average price on an August 6, 2026 sale
Highest reported sale price
$30.6252 per share
Weighted-average price on an August 7, 2026 sale
Direct Class A holdings
258,959 shares
Directly held Class A Common Stock after reported transactions
Indirect Class B block
466,599 underlying shares
Class B Common Stock convertible into Class A, indirect holding
Indirect Class B block
500,000 underlying shares
Another Class B position convertible into Class A, indirect holding
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), weighted average price, Class B Common Stock, +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"
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.
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares"
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share"
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.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Chime Financial (CHYM) CEO Christopher Britt report in this Form 4?
Christopher R. Britt reported conversions of Class B into Class A shares and sales totaling 550,000 Class A shares over August 6–10, 2026, all held indirectly through related parties and trusts.
Were the Chime Financial (CHYM) insider sales made under a Rule 10b5-1 plan?
Yes. The filing’s 10b5-1 checkbox is marked, and a footnote states the sales were made pursuant to a Rule 10b5-1 trading plan adopted by Christopher R. Britt on September 15, 2025.
What conversions between Class B and Class A stock did the Chime (CHYM) CEO report?
The CEO reported converting a total of 482,843 Class B Common shares into 482,843 Class A Common shares. Each Class B share is described as convertible into one Class A share with no expiration date.
Through which entities were the Chime Financial (CHYM) insider holdings reported?
Indirect holdings and transactions involve the CEO’s spouse and the Britt Living Trust. Additional Class B positions convertible into Class A are held by trusts such as the Tiger GRAT, Aloha Trust, Tiger Trust, and Aloha GRAT.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates