Chime (CHYM) GC Adam Frankel Withholds 12,439 Shares for Taxes

What Happened
Adam B. Frankel, General Counsel of Chime Financial, had 12,439 shares (from vested RSUs) withheld by the issuer to satisfy tax withholding obligations on 2026-08-17. The withholding was recorded at $32.02 per share, a total value of $398,297. The Form 4 shows the disposition code F (tax withholding/net settlement), and the filing notes this is a withholding by the issuer — not an open-market sale by the reporting person.

Key Details

• Transaction date: 2026-08-17; filing date (Form 4): 2026-08-19.
• Price reported: $32.02 per share; total value of shares withheld: $398,297.
• Shares involved: 12,439 withheld to satisfy taxes from RSU vesting.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1 — shares withheld by issuer for tax remittance, not a sale by the reporting person; F2 — securities are RSUs that convert to common stock subject to vesting.
• Timeliness: Filed within two days of the transaction (not marked late).

Context
This was a net-settlement of restricted stock units (RSUs) where the company retained a portion of vested shares to cover tax obligations. Although the Form 4 shows a disposition, the filing explicitly states this is a withholding to satisfy taxes rather than a market sale by the insider; such withholdings are routine following RSU vesting and do not necessarily indicate insider sentiment.