King Ryan A 4
Research Summary
AI-generated summary
Chime (CHYM) Co-Founder Ryan King Receives Award of 450,282 Shares
What Happened
Ryan A. King, Co-Founder and Director of Chime Financial, was awarded 450,282 derivative shares on March 12, 2026. The reported acquisition price is $0.00 (no cash exchanged), indicating an equity award as compensation rather than an open‑market purchase. The award is subject to a vesting schedule; it does not represent immediately liquid, unrestricted shares.
Key Details
- Transaction date: 2026-03-12 (Filed: 2026-03-16 — timely filing).
- Transaction type/code: Grant/Award (Code A), derivative securities.
- Shares granted: 450,282; reported price: $0.00 (no cash paid).
- Vesting: 1/48th of the shares vest on March 15, 2026, then 1/48th vests monthly thereafter, subject to continued service (per footnote).
- Shares owned after transaction: not disclosed in this filing.
- No indication of an immediate sale, 10b5-1 plan, or tax-withholding sale in this report.
Context
This appears to be a standard equity compensation grant (likely RSUs or similar) that vests over roughly four years; such grants are common for founders/executives and reflect compensation rather than a directional trading signal. Because the shares vest over time, the recipient does not gain immediate, unrestricted ownership of the full amount.