Schwab (SCHW) Co-Chairman Charles R. Schwab Sells Shares

What Happened

• Charles R. Schwab, Co‑Chairman and Director of Schwab Charles Corp (SCHW), disposed of a total of 143,450 shares in open‑market sales and gifted 60,000 shares. Transactions: 48,000 shares sold on 2026-07-28 at a weighted average price of $105.60 (proceeds $5,068,627); 95,450 shares sold on 2026-07-29 at a weighted average price of $105.82 (proceeds $10,100,061). The combined proceeds from the sales were about $15.17 million. The 60,000‑share transfer on 2026-07-28 was reported as a gift (no proceeds).

Key Details

• Transaction dates and prices:
  • 2026-07-28: Sale of 48,000 shares @ $105.60 (weighted avg; see footnote F1 for price range $105.385–$105.825)
  • 2026-07-28: Gift of 60,000 shares @ $0.00
  • 2026-07-29: Sale of 95,450 shares @ $105.82 (weighted avg; see footnote F2 for price range $105.315–$106.13)
• Total proceeds from sales: approximately $15.17 million.
• Shares owned after the transactions: not specified in the provided summary of the filing (see the full Form 4 for post‑transaction holdings).
• Footnotes: Sales executed in multiple trades; reported prices are weighted averages and the filer offers to provide detailed trade‑by‑trade quantities and prices on request (F1, F2).
• Filing timeliness: Form 4 was filed on 2026-07-30 — within the typical two‑business‑day reporting window, so not marked late.

Context

• These actions are sales (plus a gift). Gifts are transfers for estate/planning or personal reasons and do not necessarily reflect the insider’s market view. Sales by executives can be routine liquidity events; the filing provides no indication of motivation. For full details, consult the SEC Form 4 (accession 0000923738-26-000031).