FRANKEL ADAM B 4
4 · Chime Financial, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
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.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-02-17$19.69/sh−9,187$180,892→ 209,662 total
Footnotes (2)
- [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.