Chime (NASDAQ: CHYM) co-founder King sells $1.99 million of stock under trading plan

What happened

Chime Financial, Inc. (NASDAQ: CHYM) co-founder and director Ryan A. King sold 63,382 Class A shares on Nov. 5, worth about $1.99 million. The filing says the sale followed a Rule 10b5-1 trading plan King adopted on Aug. 28, 2025.

King sold in two blocks. One was 59,032 shares at a weighted average of $31.26, with trades from $31.00 to $31.94. The other was 4,350 shares at a weighted average of $32.11, with trades from $32.00 to $32.19.

The King Family Trust, for which King is trustee, held the shares. On the same day, 63,382 Class B shares held by the trust converted into Class A shares, the same number King sold.

Key numbers

Metric	Latest	Change	Source
Shares sold	63,382 shares		SEC Form 4
Total sale value	$1.99 million		SEC Form 4
Weighted average price, larger block (59,032 shares)	$31.26		SEC Form 4
Weighted average price, smaller block (4,350 shares)	$32.11		SEC Form 4
Class A shares held by trust after sale	37,812 shares		SEC Form 4
Sold as share of Class A holding before the sale	62.6%		Calculated from SEC Form 4

Read more: Chime Financial (CHYM) company research

Why it matters

The sale took 62.6% of the 101,194 Class A shares the trust held after that conversion, leaving 37,812. In OptimistFi's calculation, that is a large cut to the Class A position.

The Class A figure understates the trust's stake. The trust still holds 11,685,900 Class B shares, and the filing says each converts into one Class A share at the holder's option. King also reports 116,667 Class A shares held directly, some of which are restricted stock units. That direct holding is separate from the trust's position.

OptimistFi has argued that Chime's value comes from becoming the primary account for everyday Americans and earning on their paycheck-linked spending. The sale leaves that case unchanged.

The sharp cut to the Class A position is the strongest point for a cautious reading. Against it, the sale followed a plan adopted in 2025, and the trust keeps a far larger Class B holding.

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What's next

Chime's next quarterly report is the next scheduled test. OptimistFi will look there for evidence that members use Chime as their primary account, which would support the case, and for signs that they do not, which would weaken it.

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