CAROLAN SHAWN T 4
Research Summary
AI-generated summary
Chime (CHYM) Director Shawn T. Carolan Receives RSU Award
What Happened
Shawn T. Carolan, a director of Chime Financial, was granted 10,753 restricted stock units (RSUs) on June 2, 2026. The RSUs were granted at $0.00 per share (no cash paid at grant) and represent a contingent right to receive one share of Class A common stock for each RSU upon vesting.
Key Details
- Transaction date: June 2, 2026; Form filed: June 4, 2026 (timely filing).
- Grant: 10,753 RSUs @ $0.00 (total $0 at grant).
- Vesting: 100% of the RSUs vest on the earlier of (i) June 2, 2027 or (ii) the day immediately before the issuer's next annual meeting, subject to continued service (see footnote F1).
- Shares owned after transaction: Not specified in this Form 4.
- Other footnotes (F2–F9) note the reporting person’s interests in various Menlo/inflection funds and disclaimers of beneficial ownership except to the extent of pecuniary interest.
Context
RSU grants are a form of equity compensation and do not represent immediate cash value until shares vest and are delivered. This is an award/grant (code A) rather than a purchase or sale; such grants are common for executives and directors and should be viewed as compensation rather than a direct market sentiment signal.