Ryan A. King, Co-Founder, Director, and Officer of Chime Financial, Inc. (NASDAQ:CHYM), filed a Form 4 on November 6, 2026, disclosing transactions in Class A Common Stock and Class B Common Stock dated November 5, 2026.

Key Highlights

  • Conversion: King converted 63,382 shares of Class B Common Stock into 63,382 shares of Class A Common Stock at $0 on November 5, 2026, held indirectly through the King Family Trust.
  • Sale - first tranche: 59,032 shares of Class A Common Stock were disposed of at a weighted average price of $31.2608, in multiple transactions ranging from $31.00 to $31.94 per share.
  • Sale - second tranche: 4,350 shares of Class A Common Stock were disposed of at a weighted average price of $32.1109, in multiple transactions ranging from $32.00 to $32.19 per share.
  • Rule 10b5-1 plan: Both sales were made pursuant to a Rule 10b5-1 trading plan adopted by King on August 28, 2025.
  • Remaining indirect Class A holdings: Following the transactions, 37,812 shares of Class A Common Stock are held indirectly through the King Family Trust, plus 116,667 shares held directly (including RSUs).
  • Class B derivative holdings: King retains beneficial ownership of 11,685,900 shares of Class B Common Stock indirectly through the King Family Trust, among other trust and family holdings.

King Family Trust Sales and Conversion Details for Chime Financial

According to the filing, Ryan A. King, identified as a Co-Founder, Director, and Officer of Chime Financial, Inc., reported three transactions on November 5, 2026, all involving Class A Common Stock held indirectly through the King Family Trust. The first transaction was a conversion (code "C") of 63,382 Class B Common Stock shares into 63,382 Class A Common Stock shares at $0, increasing the Trust's Class A holdings to 101,194 shares before the subsequent sales.

The two sale transactions (code "S") reduced the Trust's Class A holdings to 37,812 shares. The first sale covered 59,032 shares at a weighted average of $31.2608, with individual transaction prices ranging from $31.00 to $31.94. The second sale covered 4,350 shares at a weighted average of $32.1109, with individual prices ranging from $32.00 to $32.19. The filing states both sales were executed pursuant to a Rule 10b5-1 trading plan adopted on August 28, 2025. The filing notes that full information on shares sold at each individual price within the stated ranges is available upon request.

In addition to the King Family Trust holdings, King holds Class B Common Stock convertible into Class A Common Stock across multiple trusts for which he serves as attorney-in-fact, including King Irrevocable Trust A (900,000 shares), King Irrevocable Trust M (900,000 shares), King Grantor Trust MV (225,000 shares), and several King Gift Trusts. The filing also discloses 116,667 Class A shares held directly by King, described as including restricted stock units, each representing a contingent right to receive one share of Class A Common Stock subject to applicable vesting schedules and conditions.

What Was Disclosed

The filing reports King's conversion of 63,382 Class B shares to Class A shares and the subsequent sale of 63,382 Class A shares in two tranches through the King Family Trust under a pre-established Rule 10b5-1 trading plan, with resulting indirect Class A ownership of 37,812 shares.