Ellis Stephen A 4

What Happened

• Stephen A. Ellis, a director of Charles Schwab Corporation (SCHW), sold 10,725 shares in an open-market transaction on February 26, 2026. The filing reports a weighted-average sale price of $96.57 per share for total proceeds of approximately $1,035,694. The sale was executed in multiple trades at prices ranging from $96.52 to $96.64.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-03-03).
• Shares sold: 10,725; weighted-average price: $96.57; price range: $96.52–$96.64.
• Proceeds: approximately $1,035,694.
• Footnote F1: sale executed in multiple trades; weighted-average price reported; reporting person can provide per-trade details on request.
• Footnote F2: ownership figures reported elsewhere include 327.7634 shares from dividend reinvestment.
• Shares owned after transaction: not specified in the provided extract of the filing.
• Timeliness: trade date 2/26/2026 and filing date 3/3/2026 — this appears to be beyond the typical two-business-day Form 4 reporting window, so the filing may be late.

Context

• This was an open-market sale by a director (a common, often routine insider action) rather than an option exercise, grant, or gift. Sales do not necessarily indicate negative views about the company; they can reflect diversification or personal liquidity needs. For investors, purchases are generally more informative about insider sentiment; this single director sale should be considered alongside other insider transactions and company fundamentals.