Marshall Cynthia 4
Research Summary
AI-generated summary
Chime (CHYM) Director Cynthia Marshall Sells 35,000 Shares
What Happened
Cynthia Marshall, a director of Chime Financial (CHYM), sold 35,000 shares on March 2, 2026. The Form 4 reports a weighted-average sale price of $22.28 per share, for gross proceeds of roughly $779,674. The sales occurred in multiple transactions at prices ranging from $21.9250 to $22.4800 per share (see footnote).
Key Details
- Transaction date: 2026-03-02 (Form 4 filed 2026-03-03). No late-filing flag in the provided data.
- Transaction type/code: Sale (open-market/private sale), Code S.
- Shares sold: 35,000; weighted-average price $22.28; price range $21.9250–$22.4800; gross proceeds ≈ $779,674.
- Shares owned after transaction: Not disclosed in the provided excerpt.
- Notable footnotes:
- F1: Reported price is a weighted average; multiple sale prices within the stated range.
- F2: Some reported securities are restricted stock units (RSUs) — contingent rights to receive shares subject to vesting.
- F3/F4: Some shares reported are held by the reporting person’s spouse and daughter.
Context
This was a sale (liquidity event), which is common for insiders for reasons such as diversification, taxes, or cash needs; sales are less informative about company outlook than purchases. RSUs noted in the filing are conditional awards that convert to shares upon vesting; the filing does not state whether sold shares were vested shares or previously held shares. If you want, I can pull the full Form 4 text or request a breakdown of the individual trade prices.