SCHW Neesha Hathi Exercises Options and Sells 3,177 Shares

What Happened
Neesha Hathi (MD, Head Wealth Advisory, Banking & Trust) exercised 3,177 stock options under Schwab’s 2013 Stock Incentive Plan and the same day disposed of the 3,177 shares in an open-market sale. The exercise price was $52.05 per share (total cost $165,363); the shares were sold at a weighted-average price of $109.04 per share, producing gross proceeds of approximately $346,428.

Key Details

• Transaction date: September 1, 2026.
• Exercise: 3,177 shares exercised at $52.05 per share (total $165,363).
• Sale: 3,177 shares sold in the open market at a weighted-average $109.04 per share (total ≈ $346,428). Sales executed in multiple trades at prices ranging $108.51–$109.50 (filing provides weighted-average; more detail available on request per filer).
• Additional derivative reporting: the option instrument was marked as disposed upon exercise (no cash proceeds).
• Footnotes: shares received on exercise were contributed to a trust (F1); sales were made under a Rule 10b5-1 trading plan adopted May 29, 2026 (F2); option granted under 2013 Stock Incentive Plan and vested in four equal annual installments (F4).
• Shares owned after transaction: not reported in this Form 4.
• Filing timeliness: transaction reported on a Form 4 filed Sept 2, 2026 for a Sept 1, 2026 transaction (no late filing indicated).

Context
This was an option exercise followed by same-day sales (commonly a cashless exercise pattern). The sale was executed under a pre-established 10b5-1 plan, which typically indicates prearranged, rule-compliant selling rather than an ad hoc decision. The filing is factual—no inference about insider sentiment should be drawn beyond the reported trades.