Chime CEO Britt sells 200,000 Class A shares
Chime Financial’s CEO converted 200,000 Class B shares and indirectly sold 200,000 Class A shares under a pre-arranged Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
For Chime Financial, Inc. (CHYM), Chief Executive Officer and director Christopher R. Britt reported a conversion and sales of company stock on September 1, 2026. An indirect holding of 200,000 shares of Class B Common Stock held by the Britt Living Trust was converted into 200,000 shares of Class A Common Stock, with each Class B share convertible into one Class A share and having no expiration.
On the same date, the Britt Living Trust sold 166,546 Class A shares at a weighted average price of $31.9084 (individual trades between $31.54 and $32.535 per share) and sold 33,454 Class A shares at a weighted average price of $32.6656 (trades between $32.54 and $32.94 per share). These sales were made pursuant to a Rule 10b5-1 trading plan adopted on September 15, 2025. After these transactions, Britt holds 235,417 shares of Class A Common Stock directly, some of which are restricted stock units that each represent a contingent right to receive one share of Class A stock upon vesting, and also has indirect interests in additional Class B shares convertible into Class A shares through various trusts.
Positive
- None.
Negative
- None.
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
200,000 shs ($6.41M)
Approx. gross sale proceeds
$6.41M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F6, 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, F3, F1 | 166,546 | $31.9084 | $5.31M |
| Sale | Class A Common Stock F2, F4, F1 | 33,454 | $32.6656 | $1.09M |
| 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 A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 16,088,301 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 (10)
- 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 $31.54 to $32.535 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 $32.54 to $32.94 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.
- 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 the Tiger GRAT, for which William Gheen III serves as trustee.
- F8. The shares are held by held by the Aloha Trust, for which William Gheen III serves as trustee.
- F9. The shares are held by the Tiger Trust, for which William Gheen III serves as trustee.
- F10. The shares are held by the Aloha GRAT, for which William Gheen III serves as trustee.
Key Figures
Class B shares converted: 200,000 shares
Class A shares acquired via conversion: 200,000 shares
Class A shares sold (block 1): 166,546 shares at $31.9084
+4 more
7 metrics
Class B shares converted
200,000 shares
Indirect Class B converted into Class A on September 1, 2026
Class A shares acquired via conversion
200,000 shares
Received upon conversion of Class B on September 1, 2026
Class A shares sold (block 1)
166,546 shares at $31.9084
Weighted average price; trades from $31.54 to $32.535 on September 1, 2026
Class A shares sold (block 2)
33,454 shares at $32.6656
Weighted average price; trades from $32.54 to $32.94 on September 1, 2026
Net Class A shares sold
200,000 shares
Total reported Class A shares sold indirectly on September 1, 2026
Direct Class A holdings after transactions
235,417 shares
Shares held directly by Christopher R. Britt after reported transactions
Largest indirect Class B block (underlying Class A)
500,000 shares
Underlying Class A shares for an indirect Class B position; convertible 1:1
Key Terms
Rule 10b5-1 trading plan, restricted stock units ("RSUs"), weighted average price, contingent right
4 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")."
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."
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"
FAQ
What stock transactions did CHYM’s CEO Christopher R. Britt report on September 1, 2026?
He reported converting 200,000 Class B shares held indirectly into 200,000 Class A shares, then indirectly selling a total of 200,000 Class A shares in open-market or private transactions through the Britt Living Trust.
Were the CHYM stock sales by Christopher R. Britt made under a Rule 10b5-1 plan?
Yes. The filing states the sold shares were disposed of pursuant to a Rule 10b5-1 trading plan adopted by Christopher R. Britt on September 15, 2025, and the Form 4 affirms use of a Rule 10b5-1 plan.
What indirect holdings or derivative interests in CHYM does the Form 4 describe?
Indirectly, the CEO has interests in shares held by the Britt Living Trust and in several trusts that hold Class B Common Stock, with blocks representing 466,599 or 500,000 underlying Class A shares each, all convertible to Class A with no expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
