Troughton Mark T 4
4 · Chime Financial, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Chime President Mark Troughton Withholds Shares for Taxes
What Happened
Mark T. Troughton, President of Chime Financial (CHYM), had 20,037 shares withheld in connection with the net settlement of restricted stock units (RSUs). The withholding was reported as a disposition at $19.69 per share, for a gross value of $394,529, but the filing footnote clarifies these shares were withheld by the issuer to satisfy tax obligations and do not represent an open-market sale by the reporting person.
Key Details
- Transaction date: 2026-02-17; Form 4 filed: 2026-02-19 (filed within the typical 2-business-day window).
- Transaction type/code: F — shares withheld to satisfy tax withholding on RSU settlement.
- Shares involved: 20,037 shares withheld at $19.69 per share (reported value $394,529).
- Security type: RSUs (each RSU converts to one share subject to vesting/conditions).
- Shares owned after transaction: not provided in the information supplied.
- Footnotes: F1 — shares withheld by issuer for tax withholding (not a sale by the insider). F2 — confirms these securities are RSUs subject to vesting.
Context
This was a tax-withholding/net-settlement event for RSUs (a routine administrative step when equity awards vest). Such withholdings are common and do not necessarily indicate insider buying or selling intent.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-02-17$19.69/sh−20,037$394,529→ 2,679,727 total
Footnotes (2)
- [F1]Represents shares that have been withheld by the Issuer to satisfy its tax withholding and remittance obligations in connection with the net settlement of restricted stock units ("RSUs") and does not represent a sale by the Reporting Person.
- [F2]Certain of these securities are RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.