Chime co-founder Ryan King sells $351,162 in company stock

Ryan A. King, Co-Founder, Director, and Officer of Chime Financial, Inc. (NASDAQ:CHYM), sold 11,318 shares of Class A Common Stock on October 20, 2026. The transactions totaled $351,162, with shares sold at prices ranging from $31.00 to $31.07. The weighted average price for these sales was $31.0269 per share. These sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Mr. King on August 28, 2025.The insider sale comes as CHYM stock has delivered a strong 66% return over the past year, with shares currently trading at $30.16. According to InvestingPro analysis, the stock appears fairly valued at current levels. The company maintains a healthy financial position with liquid assets exceeding short-term obligations, though it remains unprofitable over the last twelve months. Investors can access 5 additional InvestingPro Tips for deeper insights into CHYM’s investment potential.

The acquisition of 11,318 shares of Class A Common Stock at a price of $0.00 per share occurred concurrently, stemming from the conversion of Class B Common Stock.

Following these transactions, Mr. King indirectly beneficially owns 37,812 shares of Class A Common Stock through the King Family Trust, for which he serves as trustee. He also holds 11,749,282 derivative securities in Class B Common Stock, convertible into an equal number of Class A Common Stock, also through the King Family Trust. Additionally, Mr. King directly holds 116,667 shares of Class A Common Stock, some of which are restricted stock units (RSUs) representing a contingent right to receive shares upon vesting. Further indirect holdings of Class B Common Stock through various trusts and a family member were also reported.

In other recent news, Chime Financial has announced a significant development with its acquisition of Stride Bank for $590 million in cash. This strategic move aims to bring a federally chartered bank under Chime’s ownership, enhancing its full-stack capabilities and unlocking approximately $100 million in net synergies. Analysts have responded positively to this announcement, with Deutsche Bank upgrading Chime Financial’s stock rating to Buy from Hold, citing strong growth momentum from its MyPay and Chime Prime services. BMO Capital, Piper Sandler, KeyBanc, and Compass Point have all raised their price targets for Chime Financial, reflecting optimism about the company’s future prospects following the acquisition. BMO Capital highlighted the deal’s potential to accelerate Chime’s market positioning, while Piper Sandler and KeyBanc both emphasized the strategic benefits of owning a bank charter. Compass Point expects the transaction to close in the first half of 2027, pending regulatory approvals, with Stride Bank becoming a wholly owned subsidiary of Chime. These developments mark a pivotal moment for Chime Financial as it continues to expand its market presence.