Chime Financial (CHYM) director receives 10,753 RSUs and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CAROLAN SHAWN T reported acquisition or exercise transactions in this Form 4 filing.
Chime Financial, Inc. director Shawn T. Carolan reported an equity compensation grant and updated his holdings in Class A Common Stock. He received 10,753 restricted stock units (RSUs), each representing one share, at a price of $0.00 per unit.
These RSUs vest 100% on the earlier of June 2, 2027 or the day immediately before Chime’s next annual meeting, conditioned on his continued service. Following this grant, Carolan directly owns 18,381 shares of Class A Common Stock. Additional large positions are held indirectly through Menlo-affiliated investment funds, where he is a managing member of the general partners and disclaims beneficial ownership except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
CAROLAN SHAWN T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 10,753 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 18,381 shares (Direct, null);
Class A Common Stock — 6,865,680 shares (Indirect, By Menlo Ventures XIV, L.P.)
Footnotes (1)
- These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 100% of the RSUs shall vest on the earlier of (i) June 2, 2027 or (ii) the day immediately before the date of the Issuer's next annual meeting, subject to the Reporting Person continuing as a service provider through each such date. Shares are directly held by Menlo Ventures XIV, L.P. ("Menlo XIV"). The Reporting Person is a managing member of MV Management XIV, L.L.C. ("MVM XIV"), the general partner of Menlo XIV. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are directly held by MMEF XIV, L.P. ("MMEF XIV"). The Reporting Person is a managing member of MVM XIV, the general partner of MMEF XIV. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are directly held by Menlo Entrepreneurs Fund XIV, L.P. ("MEF XIV"). The Reporting Person is a managing member of MVM XIV, the general partner of MEF XIV. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are directly held by Menlo Inflection I, L.P. ("Menlo Inflection I"). The Reporting Person is a managing member of MSOP GP, L.L.C. ("MSOP GP"), the general partner of Menlo Inflection I. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Shares are directly held by MMSOP, L.P. ("MMSOP"). The Reporting Person is a managing member of MSOP GP, the general partner of MMSOP. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Securities are directly held by Menlo Inflection II, L.P. ("Menlo Inflection II"). The Reporting Person is a managing member of MSOP GP II, L.L.C. ("MSOP GP II"), the general partner of Menlo Inflection II. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Securities are directly held by MM Inflection, L.P. ("MM Inflection"). The Reporting Person is a managing member of MSOP GP II, the general partner of MM Inflection. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. Securities are directly held by Menlo Entrepreneurs Inflection Fund, L.P. ("ME Inflection"). The Reporting Person is a managing member of MSOP GP II, the general partner of ME Inflection. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
Key Figures
RSU grant size: 10,753 RSUs
RSU vesting date: June 2, 2027
Grant price: $0.00 per share
+5 more
8 metrics
RSU grant size
10,753 RSUs
Non-derivative equity award to director on June 2, 2026
RSU vesting date
June 2, 2027
100% vesting or earlier day before next annual meeting
Grant price
$0.00 per share
Restricted stock units granted at no cash cost
Direct holdings after grant
18,381 shares
Class A Common Stock directly owned by Shawn T. Carolan
Menlo Ventures XIV position
6,865,680 shares
Class A Common Stock held by Menlo Ventures XIV, L.P.
Menlo Inflection I position
9,650,310 shares
Class A Common Stock held by Menlo Inflection I, L.P.
Menlo Inflection II position
569,755 shares
Class A Common Stock held by Menlo Inflection II, L.P.
MMSOP position
156,900 shares
Class A Common Stock held by MMSOP, L.P.
Key Terms
restricted stock units ("RSUs"), pecuniary interest, general partner, disclaims beneficial ownership, +1 more
5 terms
restricted stock units ("RSUs") financial
"These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein."
general partner financial
"The Reporting Person is a managing member of MV Management XIV, L.L.C. ("MVM XIV"), the general partner of Menlo XIV."
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein."
service provider financial
"100% of the RSUs shall vest... subject to the Reporting Person continuing as a service provider through each such date."
FAQ
What did Chime Financial (CHYM) director Shawn Carolan report on this Form 4?
Shawn T. Carolan reported receiving an equity award and updated his share holdings. He was granted 10,753 restricted stock units, and his direct ownership in Chime Financial’s Class A Common Stock increased to 18,381 shares after the award.
How many restricted stock units did the Chime (CHYM) director receive?
He received 10,753 restricted stock units (RSUs). Each RSU represents a contingent right to one share of Chime Financial’s Class A Common Stock, granted at no cash cost to him as part of his compensation for board service.
When do Shawn Carolan’s Chime (CHYM) RSUs vest?
The RSUs vest 100% on the earlier of June 2, 2027 or the day immediately before Chime Financial’s next annual meeting. Vesting is subject to Shawn Carolan continuing as a service provider through the applicable vesting date.
What indirect Chime (CHYM) holdings are associated with Menlo funds?
Several Menlo-affiliated funds hold Chime shares, including Menlo Ventures XIV, L.P. and Menlo Inflection I, L.P. Shawn Carolan is a managing member of their general partners but disclaims beneficial ownership of these shares except for his pecuniary interest.
Does this Chime (CHYM) Form 4 show any open-market buying or selling?
No open-market purchases or sales are shown. The only specified transaction is an equity award of 10,753 restricted stock units at a price of $0.00 per unit, which is a compensation-related grant rather than a market trade.