Chime (CHYM) CEO Christopher R. Britt Sells 200,000 Shares

What Happened
Christopher R. Britt, CEO of Chime Financial (CHYM), converted 200,000 convertible Class B shares into Class A common stock (no cash consideration) and sold those 200,000 Class A shares in open-market transactions on September 1, 2026, generating total proceeds of $6,407,011. The sale was executed in two blocks: 166,546 shares at a weighted-average price of $31.91 (proceeds $5,314,216) and 33,454 shares at a weighted-average price of $32.67 (proceeds $1,092,795).

Key Details

• Transaction date: September 1, 2026. Form 4 filed September 3, 2026 (timely).
• Sales: 166,546 shares @ weighted avg $31.91 (price range reported $31.54–$32.535); 33,454 shares @ weighted avg $32.67 (price range reported $32.54–$32.94).
• Total proceeds from sales: $6,407,011.
• Conversion: 200,000 Class B shares converted to Class A (per footnote: each Class B is convertible into one Class A). Conversion reported at $0.00 cost.
• Net effect of these entries: converted 200,000 shares and sold 200,000 shares (no net increase in share count from these transactions).
• Trading plan: the reported sales were made pursuant to a Rule 10b5-1 trading plan adopted by Britt on September 15, 2025 (footnote).
• Holdings/trusts: some shares are held in the Britt Living Trust for which Britt is trustee (footnote).
• Weighted-average reporting: the filing provides weighted-average prices and ranges and undertakes to disclose per-share breakouts on request (footnotes).

Context

• 10b5-1 sales are pre-arranged trading plans that allow insiders to sell shares on a scheduled basis and are commonly used to avoid questions about timing; they do not, by themselves, signal management sentiment.
• Conversion of Class B shares to Class A is a reclassification (not a market purchase) and, when followed by immediate sale, is effectively a liquidity action by the insider.
• For full post-transaction holdings and minute-by-minute price breakdowns, see the Form 4 filing (accession 0002061801-26-000017).