SCHEDULE: Access Industries, Blavatnik Disclose 5.8% Chime Stake

Access Industries Management, LLC and Len Blavatnik have disclosed a beneficial ownership of 5.8% in Chime Financial, Inc.'s Class A Common Stock.

Summary

• Access Industries Management, LLC (AIM) and Len Blavatnik collectively reported beneficial ownership of 19,601,430 shares of Chime Financial, Inc.'s Class A Common Stock.
• This ownership represents 5.8% of the Class A Common Stock outstanding.
• The percentage is calculated based on 337,039,249 shares of Class A Common Stock outstanding immediately following Chime's initial public offering, assuming full exercise of the underwriters' option to purchase additional shares.
• The shares are held through two entities: 10,337,833 shares by AI Bells Holdings LLC (AIB) and 9,223,597 shares by AI Bells Holdings 2 LLC (AIB 2).
• AIM is the sole manager of both AIB and AIB 2, and Mr. Blavatnik is the controlling person of AIM.
• Remainder Investments 2020 LLC controls both AIB and AIB 2, and Mr. Blavatnik indirectly controls Remainder Investments 2020 LLC.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a factual disclosure of ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects. It simply reports a significant stake.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This filing is a standard disclosure of a significant ownership stake in a publicly traded company, common for large investors or investment firms. It reflects an investment position rather than a direct operational or strategic announcement within the fintech industry.

Comparison to Industry Standards

• NA

Related Party Transactions

• The beneficial ownership is structured through entities (AI Bells Holdings LLC and AI Bells Holdings 2 LLC) where Access Industries Management, LLC acts as the sole manager, and Len Blavatnik is the controlling person of Access Industries Management, LLC and indirectly controls Remainder Investments 2020 LLC, which controls the holding entities. This indicates an internal control structure for the reported ownership.

Stakeholder Impact

• Shareholders: The disclosure of a significant 5.8% stake by a prominent investor like Len Blavatnik and Access Industries Management, LLC could be viewed positively, signaling confidence in Chime Financial, Inc. It also indicates a concentration of voting and dispositive power.

Key Dates

Keywords

Chime Financial, Access Industries, Len Blavatnik, Beneficial Ownership, Schedule 13G, Class A Common Stock, Fintech, Investment