Chime (CHYM) CEO Christopher Britt Receives 125,000 Shares

What Happened
Christopher R. Britt, Chief Executive Officer of Chime Financial, reported the conversion/exercise of performance-based derivative awards on Sept 13, 2026. The Form 4 shows an acquisition of 125,000 shares at $0.00 (code M — exercise/conversion of derivative). The filing also reports a corresponding 125,000-share derivative disposition at $0.00 on the same date. The acquisition reflects the committee’s determination that performance conditions were met for 125,000 PSUs granted April 3, 2025.

Key Details

• Transaction date: 2026-09-13; Form 4 filed: 2026-09-15 (timely within the usual two-business-day window).
• Reported price: $0.00 per share (indicates conversion/vesting of awards, not a cash purchase).
• Reported shares: 125,000 shares acquired and 125,000 shares disposed (both reported as derivative transactions, code M).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Relevant footnotes: F1 confirms the acquisition was triggered by the People, Culture and Compensation Committee determining certain stock-price performance conditions were met for 125,000 PSUs (original PSU grant was 1,000,000 PSUs with a long performance period per F4). F2–F3 explain RSU/PSU mechanics (each unit represents a contingent right to one share).
• No 10b5-1 plan, tax-withholding, or late-filing note is included in the provided information.

Context
This was a conversion/vesting of performance stock units (PSUs) rather than an open-market purchase or sale. Such conversions are compensation-related and do not necessarily signal the insider buying or selling shares in the market. The PSU grant has a multi-year performance window (per footnote F4) and is subject to service-based conditions.