Form 4: Chime CFO Reports RSU Tax Withholding and Stock Gift

Chime Financial's Chief Financial Officer, Matthew S. Newcomb, disclosed routine transactions including tax-related share withholding and a gift of Class A Common Stock.

Summary

• Matthew S. Newcomb, Chime Financial, Inc.'s Chief Financial Officer, reported transactions involving Class A Common Stock.
• On February 17, 2026, 23,993 shares were withheld by Chime Financial, Inc. at a price of $19.69 per share to cover tax obligations related to the net settlement of restricted stock units (RSUs). This was not a sale by Mr. Newcomb.
• Following this transaction, Mr. Newcomb directly owned 396,120 shares.
• On February 18, 2026, Mr. Newcomb gifted 22,523 shares of Class A Common Stock, reducing his direct beneficial ownership to 373,597 shares.
• Concurrently, 22,523 shares were acquired indirectly by the 2019 Newcomb Fox Family Trust, for which Mr. Newcomb and his spouse serve as trustees, bringing the trust's beneficial ownership to 2,263,321 shares.
• Certain beneficially owned securities are Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. The transactions are routine insider disclosures related to equity compensation and personal estate planning, carrying no direct positive or negative implications for the company's operational performance.

Positives

• The tax withholding transaction (F code) is a routine event associated with RSU vesting, indicating the vesting of equity compensation.
• The gift transaction (G code) indicates a transfer of wealth, often for estate planning purposes, and does not represent a sale into the open market.

Negatives

• The direct beneficial ownership of Matthew S. Newcomb decreased by a total of 46,516 shares (23,993 due to tax withholding and 22,523 due to a gift).

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 are standard disclosures for public company executives. The reported transactions, involving RSU tax withholding and a stock gift, are common occurrences for executives receiving equity compensation and engaging in personal financial planning, and do not inherently signal a change in the company's operational performance or strategic direction.

Related Party Transactions

• The gift of 22,523 shares to the 2019 Newcomb Fox Family Trust, for which the Reporting Person and his spouse serve as trustees, constitutes a related party transaction in terms of beneficial ownership transfer.

Stakeholder Impact

• Shareholders: The direct beneficial ownership of the CFO decreased, but this is due to routine tax withholding and a gift, not an open market sale. The overall insider alignment remains strong through significant indirect holdings.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Recommendation

The filing details routine insider transactions (tax withholding for RSU vesting and a stock gift) by the CFO. These are common events for executives with equity compensation and do not indicate a change in the company's fundamental performance or the insider's confidence. Therefore, the filing itself does not provide a basis for a 'buy' or 'sell' recommendation, suggesting a 'hold' position based solely on this disclosure.

Keywords

Chime Financial, CHYM, Matthew S. Newcomb, CFO, Form 4, Insider Transaction, Restricted Stock Units, RSU, Tax Withholding, Stock Gift, Beneficial Ownership, Corporate Governance