Chime (CHYM) General Counsel Adam Frankel Receives RSU Award

What Happened
Adam B. Frankel, General Counsel of Chime Financial, Inc. (CHYM), was granted 115,474 restricted stock units (RSUs) on 2026-08-28. The RSUs were issued at $0.00 per share (no cash paid at grant). These are awards—not open-market purchases or sales—and represent contingent rights to receive Class A common stock if and when the RSUs vest.

Key Details

• Transaction date: 2026-08-28; transaction type: Award/Grant (Form 4 code A). Price reported: $0.00 per share.
• Number of RSUs granted: 115,474. Reported value at grant on the Form 4: $0.
• Vesting (per filing footnotes): One-sixteenth (1/16th) of the RSUs vest on November 15, 2026 and quarterly thereafter, subject to continued service (see footnotes F1 and F2).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Filing timeliness: Form filed the same date as the reported grant (2026-08-28); no late filing flag indicated.

Context
RSUs are contingent compensation: they do not convey shares until they vest and are typically used as part of executive compensation. Because this was an award rather than a purchase or sale, it doesn't directly signal immediate buying or selling intent in the market. For a complete view of Frankel’s current holdings or additional terms (e.g., tax withholding or performance conditions), review the full Form 4 filing and company disclosures.