Chime (CHYM) Director Shawn T. Carolan Sells Shares (~$19.2M)

What Happened

• Shawn T. Carolan (Director) reported multiple sales of Chime Financial (CHYM) stock on Sept 10–11, 2026. The filings show 579,313 shares sold in total for aggregate proceeds of about $19,194,540 (sales executed roughly in the $33 range).
• Breakdown: Sept 10 — 302,306 shares sold (weighted avg $33.21) for ~$10.04M; Sept 11 — 276, (276?), 276,? — correction: Sept 11 — 276,? (See Key Details for precise per-trade counts and values). These were reported as open-market or private sales (transaction code "S").

Key Details

• Transaction dates and per-trade values:
  • 2026-09-10: 297,318 @ $33.21 = $9,872,474 (S)
  • 2026-09-10: 3,023 @ $33.21 = $100,379 (S)
  • 2026-09-10: 1,965 @ $33.21 = $65,248 (S)
  • 2026-09-11: 272,437 @ $33.05 = $9,005,378 (S)
  • 2026-09-11: 2,770 @ $33.05 = $91,562 (S)
  • 2026-09-11: 1,800 @ $33.05 = $59,499 (S)
  • Total: 579,313 shares sold for ~$19,194,540.
• Price notes: filing footnotes state the reported prices are weighted averages; sale prices ranged approximately $33.00 to $33.86 (one footnote) and $33.00 to $33.185 (another). The filer will provide per-share price breakdowns on request.
• Holdings after the sales are not specified in the provided excerpt — see the full Form 4 for post-transaction ownership.
• Many disclosed shares are held through venture/fund entities (Menlo-related funds, MMSOP, etc.). The reporting person is a managing member of several general partners and disclaims beneficial ownership of those fund-held shares except to the extent of any pecuniary interest.
• Filing: Form 4 was filed on 2026-09-14 for transactions dated Sept 10–11. That filing date appears to be within the SEC’s two-business-day reporting window.

Context

• These are outright sales (disposals), not purchases or option exercises. Sales by directors can be routine (liquidity, portfolio rebalancing, distributions from funds) and do not by themselves prove a change in insider sentiment.
• Because many holdings are in funds and the filing includes pro rata distributions in kind (exempt earlier under Rule 16a-13), some reported movements reflect transfers/distributions among related entities rather than direct personal trading.