DST Global sold $41 million of Chime, not 80% of its stake; seven funds still hold $1.1 billion

What the Form 4 actually says

EDGAR, the SEC's public filing archive, took the paperwork on Monday, November 9 ³⁸: a Form 4↗, the filing that insiders and holders above 10% of a stock class owe the SEC when they trade. Seven funds reporting under DST Global Advisors, the venture firm that was one of Chime's·−0.06% — Chime, down 0.06 percent as of its last quote two biggest institutional owners when the banking app listed in June 2025 ⁶, sold 1,319,027 Chime Financial (NASDAQ: CHYM) shares on Friday, November 6 at a blended $31.13, about $41.1 million ³¹.

Chime, whose app serves 10.9 million members ⁴, had reported two days earlier↗: revenue up 32% to $718 million, net income of $44 million, a third straight profitable quarter under GAAP, the standard U.S. accounting rules ⁴⁵.

Eleven dated sales since August 19

The selling started on August 19, two weeks after a second-quarter report that raised the outlook↗, printed $670 million of revenue and announced CFO Matt Newcomb's exit after a decade ⁷.

The dated trades MarketBeat compiles from DST's filings↗ run from $145.5 million on August 19 and $58.7 million on August 24 to $109.3 million on September 14, then $344,754 on November 5 and $41.1 million on November 6: about $433 million across eleven sales ¹. The November 9 filing itself lists only the two November trades ³; the August and September receipts sit in earlier filings.

The 80% exit that was not one

MarketBeat's alert said the sale cut the holder 80.26%, to 324,365 shares worth $10.1 million ¹. That count is the closing line of one fund, DSTG VII Investments-4 ³. Summed across the seven funds in the same filing, DST held 34,688,826 shares, about 9% of the 383.3 million shares Chime had outstanding on September 30, worth about $1.13 billion at Monday's $32.53 close ³⁴¹.

The alert appears to have read one fund's last line as the whole position; the other six funds held just over $1.1 billion of stock ³¹. Chime priced its June 2025 IPO at $27, raising about $700 million ⁶, and DST now sits just under the 10% line that obliges large holders to report every trade ¹.

The bull case held; the selling did too

The quarter beat consensus on both lines↗, $704 million of expected revenue and $0.10 of expected earnings ⁵. Guidance rose to $2.792–2.802 billion for the year and $757–767 million for the fourth quarter ⁴, and the Stride Bank purchase tracks a first-half 2027 close ⁴. Twenty of 23 analysts rate the stock buy or better, average target $39.47; Wells Fargo▲+0.46% — Wells Fargo, up 0.46 percent today lifted its target to $42 in a Thursday note, the day the $344,754 tranche crossed ¹. The shares rose $1.20, about 3.8%, to $32.53 on Monday ¹².

Nothing in the filings says why. The thread runs longer than this week: insiders sold $620 million in 90 days into a stock near 130 times earnings ¹, alongside credit at 29% of purchase volume and a $2 million sale by the co-founder's trust.

What goes dark from here

At about 9%, the reporting duty that produced eleven dated receipts likely lapses with this filing ¹. The next readings: the fourth-quarter print, guided to $757–767 million ⁴, and the February 13F filings, the quarterly portfolio disclosures institutions owe the SEC, the only place the stake stays countable. Below ten percent the receipts stop; from February on, DST's Chime stake exists only in a form filed four times a year.