Chime Financial co-founder Ryan King sells $1.98M in stock

Ryan A. King, co-founder and director of Chime Financial Inc. (NASDAQ: CHYM), sold $1,985,069 worth of Class A common stock on November 5, 2026, as per an SEC filing. The shares were sold under a pre-established Rule 10b5-1 trading plan, which Mr. King had put into effect on August 28, 2025. The 59,032 shares were dispersed across two separate sales, each executed at a weighted average price of $31.2608 per share and $32.1109 per share, respectively.

The shares were held by the King Family Trust at the time of the sale. The insider's decision to sell comes amidst a notable increase in the stock price, with shares up 65% over the past six months and 12% in the last week alone, according to InvestingPro data. On the same day, Mr. King also purchased 63,382 Class A shares at a price of $0.00, which was achieved through the conversion of Class B shares.

These newly acquired shares are also indirectly owned by the King Family Trust. As a result of these transactions, Mr. King now indirectly owns 37,812 shares of Class A common stock and directly owns 116,667 shares. He also holds significant derivative securities in the form of Class B common stock, which can be converted into Class A shares, held via various family trusts.

Chime Financial recently reported robust third-quarter results, exceeding analysts' expectations with earnings of $0.11 per share and revenue growth of 32% to reach $718 million. This success has prompted Chime to increase its year-end guidance. Analysts have applauded the company's performance, with Wells Fargo raising its price target to $42.00 and B.Riley increasing it to $45.00. These developments mark Chime's third consecutive quarter of GAAP profitability.