Form 4: Chime CFO's Routine Stock Withholding for Taxes

Chime Financial's Chief Financial Officer, Matthew S Newcomb, reported a transaction where 13,887 Class A Common Stock shares were withheld to cover tax obligations related to restricted stock unit settlement.

Summary

• Matthew S Newcomb, Chief Financial Officer of Chime Financial, Inc. (CHYM), reported a transaction on September 8, 2025.
• The transaction involved the disposition of 13,887 shares of Class A Common Stock at a price of $24.34 per share.
• These shares were withheld by the Issuer to satisfy tax withholding and remittance obligations associated with the net settlement of restricted stock units.
• This transaction does not represent a sale by Mr. Newcomb.
• Following this transaction, Mr. Newcomb directly beneficially owns 536,927 shares of Class A Common Stock.
• Additionally, 2,147,872 shares are indirectly beneficially owned through the 2019 Newcomb Fox Family Trust, for which Mr. Newcomb and his spouse serve as trustees.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary tax withholding transaction by an insider, which is neutral in terms of company performance or strategic direction.

Positives

• The transaction is a routine administrative event for tax purposes, not a discretionary sale by the CFO.
• It indicates the vesting and settlement of restricted stock units, which often aligns management's interests with shareholders.

Future Outlook

NA

Industry Context

This is a standard insider transaction report (Form 4) detailing a non-discretionary tax withholding event for a company executive. Such filings are common across all publicly traded companies when restricted stock units vest or options are exercised, and shares are withheld to cover tax liabilities.

Related Party Transactions

• The indirect beneficial ownership of 2,147,872 shares is held by the 2019 Newcomb Fox Family Trust, for which the Reporting Person and his spouse serve as trustees, representing a related party holding.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine administrative transaction and not a discretionary sale. It reflects the vesting of equity compensation.
• Employees: No direct impact mentioned.

Key Dates

Keywords

Chime Financial, CHYM, Matthew S Newcomb, CFO, Form 4, Insider Transaction, Stock Withholding, Restricted Stock Units, Tax Obligations, Beneficial Ownership