10% owner DST Global Advisors sells $156.9m in Chime Financial stock

DST Global Advisors, a 10% shareholder in Chime Financial, sold approximately $156.9 million worth of Class A Common Stock over two days in August 2026. The transaction was disclosed in a recent SEC filing. The sale occurred as the stock approached its 52-week high of $33.74, having gained 52.7% over the past six months. According to InvestingPro, the stock was slightly overvalued compared to its Fair Value estimate.

On August 18, DST Global Advisors sold 353,812 shares at prices between $32.00 and $32.61 per share. The following day, August 19, the company sold an additional 4,456,154 shares at various prices, ranging from $32.00 to $33.38. These shares were held indirectly through multiple limited partnerships, including DST Global VI, L.P. and DST Global VII, L.P.

Chime Financial reported a substantial 27% increase in second-quarter revenue and a 20% rise in active members, bringing the total to 10.4 million. The company's adjusted EBITDA margin also improved to 15%, leading to a raised full-year outlook and 2026 guidance for revenue, adjusted EBITDA, and active member growth. Wolfe Research and Morgan Stanley raised their price targets for Chime Financial, citing accelerating user growth and profitability.

Chime is also exploring the integration of stablecoins into its consumer banking platform, potentially expanding its services. The company has solicited proposals from blockchain technology firms to provide comprehensive stablecoin wallet services. CFO Matthew Newcomb recently announced his departure from the company.