Britt Christopher R 4

What Happened

• Britt Christopher R, CEO of Chime Financial, had 9,494 shares withheld on Feb 17, 2026 to satisfy tax withholding related to the net settlement of RSUs — the withheld shares were valued at $19.69 each for a total of $186,937. This withholding is not a sale by the reporting person.
• On Feb 18, 2026 the reporting person made a gift/transfer of 14,047 shares. The Form 4 shows both a disposition (gift) and an acquisition (receipt) entry for 14,047 shares at $0.00, reflecting a transfer into the Britt Living Trust (for which he is trustee).

Key Details

• Transaction dates and prices:
  • 2026-02-17: Tax withholding/net settlement (code F) — 9,494 shares @ $19.69 = $186,937 (withheld to cover tax obligations).
  • 2026-02-18: Gift/transfer (code G) — 14,047 shares transferred at $0.00.
• Footnotes of note:
  • F1: Withheld shares were retained by the issuer to satisfy tax withholding and do not represent a sale by the reporting person.
  • F2: Some shares involved are RSUs (each RSU converts to one share subject to vesting conditions).
  • F3: The 14,047 shares are held by the Britt Living Trust, for which the reporting person is trustee.
• Shares owned after the transactions: not specified in the information provided in this summary (see the filed Form 4 for exact post-transaction holdings).
• Filing timeliness: Form 4 was filed on 2026-02-19 for transactions on Feb 17–18, 2026; this appears to be a timely filing (within the standard two-business-day window).

Context

• The 9,494-share entry reflects tax withholding on RSU settlement (a common administrative action) rather than an open-market sale; such withholdings reduce the insider's net shares but are not a market-sale signal.
• The 14,047-share gift/transfer to a living trust is a non-sales transfer and does not necessarily indicate a change in the insider’s view of the company; gifts/transfers are often for estate or family planning.
• For retail investors, purchases are typically more informative than administrative withholdings or gifts; these transactions appear administrative in nature rather than indicative of buying/selling sentiment.