Chime (CHYM) CFO Matthew Newcomb Sells 65,000 Shares

What Happened

• Matthew S. Newcomb, Chief Financial Officer of Chime Financial, sold a total of 65,000 shares in two open-market transactions on August 6, 2026. He sold 20,000 shares at $28.30 ($566,000) and 45,000 shares at $31.00 ($1,395,000), for aggregate proceeds of about $1.96 million.
• These were disposals (sales), which are often routine; the filing notes the trades were made under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction dates and prices: 2026-08-06 — 20,000 shares @ $28.30; 2026-08-06 — 45,000 shares @ $31.00.
• Total proceeds: ~$1,961,000.
• 10b5-1 plan: Trades were executed pursuant to a Rule 10b5-1 plan adopted by Mr. Newcomb on August 25, 2025 (reduces likelihood these were reactive trades).
• RSUs and trust: Filing notes some securities are restricted stock units (RSUs) and some shares are held by the 2019 Newcomb Fox Family Trust, for which Mr. Newcomb and his spouse are trustees.
• Shares owned after transaction: Not specified in the provided summary.
• Filing date: Form 4 filed Aug 10, 2026 — within the typical two-business-day window for an Aug 6 transaction.

Context

• Sales executed under a 10b5-1 plan are usually pre-scheduled and not necessarily a direct signal of the insider’s current view of the company. For retail investors, purchases are generally more informative than routine sales, but large or repeated insider sales can still be worth monitoring.