FRANKEL ADAM B 4
4 · Chime Financial, Inc. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Chime (CHYM) General Counsel Adam B. Frankel Receives RSU Awards
What Happened Adam B. Frankel, General Counsel of Chime Financial, was granted a total of 337,713 restricted stock units (RSUs) on 2026-03-12 — 112,571 RSUs reported as a direct award and 225,142 RSUs reported as a derivative award. Each RSU represents a contingent right to receive one share of the issuer’s Class A common stock upon vesting. The awards were granted at $0.00 (no cash exchanged).
Key Details
- Transaction date: 2026-03-12; Form 4 filed 2026-03-16 (filed within the standard two business days).
- Grants: 112,571 RSUs @ $0.00 (acquired) and 225,142 RSUs @ $0.00 (derivative); total = 337,713 RSUs.
- Shares owned after transaction: not specified in the filing.
- Footnotes in filing:
- F1: RSUs — 1/16th vest on May 15, 2026 and quarterly thereafter, subject to continued service.
- F2: Certain securities are RSUs subject to their applicable vesting schedules.
- F3: Describes an option vesting schedule (1/48th vest on March 15, 2026 and monthly thereafter).
- No sales, cash purchases, option exercises (resulting in immediate share sales), 10b5-1 plan, or tax-withholding dispositions were reported.
Context These grants are compensatory RSUs that convert to shares only as they vest; they do not represent an immediate cash purchase or sale. Awards like this are common for employee compensation and do not, by themselves, indicate a buy or sell signal.
Insider Transaction Report
- Award
Class A Common Stock
[F1][F2]2026-03-12+112,571→ 322,233 total - Award
Employee Stock Option (Right to buy)
[F3]2026-03-12+225,142→ 225,142 totalExercise: $21.62Exp: 2036-03-11→ Class A Common Stock (225,142 underlying)
Footnotes (3)
- [F1]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. One-sixteenth (1/16th) of the RSUs shall vest on May 15, 2026 and quarterly thereafter, subject to the Reporting Person continuing as a service provider through each such date.
- [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.
- [F3]1/48th of the shares subject to the option will vest on March 15, 2026 and 1/48th of the shares vest monthly thereafter, subject to the Reporting Person's continued service through each vesting date.