Chime (CHYM) CEO Britt Christopher R Sells Shares

What Happened

• Britt Christopher R, CEO of Chime Financial (CHYM), converted 88,618 derivative securities into common stock and sold a total of 100,000 shares in open-market transactions on August 28, 2026. The sales comprised 11,382 shares at $34.00 ($386,988) and 88,618 shares at a weighted average of $34.03 (~$3,015,626), for total proceeds of about $3,402,614. The derivative conversion was reported at $0.00 per share (non-cash conversion).

Key Details

• Transaction date: August 28, 2026; Form 4 filed September 1, 2026 (filing marked late).
• Sales: 11,382 shares @ $34.00; 88,618 shares @ weighted avg $34.03 (sales prices ranged $34.00–$34.14).
• Total shares sold: 100,000; approximate total proceeds: $3,402,614.
• Conversion: 88,618 derivative securities were converted into common stock (reported as conversion at $0.00).
• Plan/notes: Sales were made pursuant to a Rule 10b5-1 trading plan adopted Sept 15, 2025 (footnote). Some securities referenced in the filing may be RSUs or Class B shares convertible to Class A (see footnotes).
• Shares owned after transaction: not stated in this filing.
• Filing timeliness: Report filed late (transaction 8/28/2026; Form 4 filed 9/1/2026).

Context

• The filing shows conversion of derivative securities (e.g., convertible Class B shares or vested RSUs) followed by open-market sales. Conversions reported at $0.00 are non-cash events that create shares available to sell.
• Sales under an established 10b5-1 plan generally indicate preplanned dispositions rather than opportunistic timing; the filing includes a footnote committing to provide detail on prices within the reported range if requested.
• For retail investors: purchases are generally more informative as a bullish signal; this report documents insider selling and conversion activity, not an acquisition.