FRANKEL ADAM B 4

What Happened

• Adam B. Frankel, General Counsel of Chime Financial, sold 3,000 shares of Chime (transaction code S) in an open-market/private sale on June 9, 2026. The shares were sold at $18.00 each for total proceeds of $54,000.
• This was a sale (not a purchase); sales by executives can be routine (tax planning, diversification, RSU withholding) and do not by themselves indicate company performance.

Key Details

• Transaction date and price: 2026-06-09, 3,000 shares at $18.00 per share (total $54,000).
• Shares owned after transaction: not specified in the filing.
• Footnote: Certain securities involved are restricted stock units (RSUs). Each RSU is a contingent right to one share subject to vesting and other conditions (see F1).
• No 10b5-1 plan, gift, or tax-withholding note is listed in the filing.
• Filing timeliness: Reported on 2026-06-10 for a 2026-06-09 transaction — filed promptly.

Context

• This was a straightforward sale by an executive (General Counsel) for a modest amount relative to typical insider trades. Sales are common and can reflect personal financial planning rather than a view on the company’s prospects.
• The RSU footnote means some reported holdings may originate from equity awards that vest over time; RSUs convert to shares only when vested, which can affect timing and size of subsequent sales.