Newcomb Matthew S 4
4 · Chime Financial, Inc. · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
Chime (CHYM) CFO Matthew Newcomb Gifts 17,749 Shares
What Happened Matthew S. Newcomb, Chief Financial Officer of Chime Financial (CHYM), reported two related transactions tied to restricted stock units (RSUs). On 2026-05-15, 18,389 shares were withheld at $17.88/share (≈ $328,795) to satisfy tax withholding in connection with a net settlement of RSUs — this was issuer withholding, not an open-market sale (footnote F1). On 2026-05-18, 17,749 shares were reported as a gift: disposed by Newcomb and acquired by the 2019 Newcomb Fox Family Trust (reported at $0.00) (footnote F3).
Key Details
- Transaction dates/prices: 2026-05-15 — 18,389 shares withheld at $17.88 ($328,795); 2026-05-18 — 17,749 shares gifted at $0.00.
- Securities type: Certain shares are RSUs subject to vesting (footnote F2). The withholding was tied to net settlement of RSUs (F1).
- Recipient of gift: 2019 Newcomb Fox Family Trust, for which the reporting person and spouse serve as trustees (F3).
- Shares owned after transaction: Not specified in the filing.
- Filing: Form 4 filed 2026-05-18, covering transactions dated 2026-05-15 and 2026-05-18.
Context The 18,389-share entry is tax withholding connected to net-settled RSUs (common administrative action) and should not be read as a market sale. Gifts are transfers of ownership and generally do not signal insider confidence or a decision to sell on the market. No open-market purchases were reported in this filing.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2]2026-05-15$17.88/sh−18,389$328,795→ 495,921 total - Gift
Class A Common Stock
[F2]2026-05-18−17,749→ 478,172 total - Gift
Class A Common Stock
[F3]2026-05-18+17,749→ 2,281,070 total(indirect: See footnote)
Footnotes (3)
- [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.
- [F3]These shares are held by 2019 Newcomb Fox Family Trust, for which the Reporting Person and his spouse serve as trustees.