Chime Financial's chief financial officer Matthew Newcomb sold 65,000 shares of Class A Common Stock at $30.17 per share on August 6, totaling approximately $2.0 million, and stepped down the following day. The sale was executed under a Rule 10b5-1 trading plan adopted on August 25, 2025, reducing his indirect holdings by 3% while his direct ownership remained unchanged. Newcomb retains a total beneficial interest of about 2.7 million shares, including 478,172 directly held and roughly 2.2 million indirectly held through the 2019 Newcomb Fox Family Trust. The departure coincided with Chime reporting second-quarter revenue growth of 27% to $670 million, its second straight quarter of GAAP profitability at $28 million, and a raised full-year revenue outlook, while also announcing a roughly 10% staff reduction and naming President Mark Troughton as interim CFO.
Chime Financial, Inc. Class A Common StockCFO sold shares and stepped down, signaling potential leadership instability despite strong earnings.
