Chime (CHYM) GC Adam Frankel Withholds 9,187 Shares for Taxes

What Happened Adam B. Frankel, General Counsel of Chime Financial, had 9,187 shares (RSUs) withheld by the issuer on Feb 17, 2026 to satisfy tax withholding obligations. The shares were recorded at $19.69 each, for a total value of approximately $180,892. This filing shows a disposition coded "F" (tax withholding/net settlement), not an open-market sale by the reporting person.

Key Details

• Transaction date: 2026-02-17; Form 4 filed: 2026-02-19
• Price per share: $19.69; shares withheld/disposed: 9,187; gross value: ~$180,892
• Disposition code: F — payment of exercise price or tax liability via share withholding (net settlement)
• Footnotes: F1 — shares were withheld by the issuer to satisfy tax withholding and remittance obligations and do not represent a sale by the reporting person; F2 — securities are RSUs (each RSU converts to one share subject to vesting conditions)
• Shares owned after transaction: Not specified in the provided filing
• Timeliness: Filing date provided; no late-filing flag indicated in the supplied information

Context This was an administrative net-settlement of vested RSUs where the company withheld shares to cover taxes — a common insider action that does not reflect an open-market sale or deliberate cashing out by the insider. For retail investors, such withholdings are routine and typically do not signal insider sentiment about the company’s prospects.