SCHWAB CHARLES CORP: Md, head wealth adv, bnk, tst Neesha Hathi exercised 10,000 shares

What happened

• Neesha Hathi, Md, head wealth adv, bnk, tst, exercised options and sold shares on Oct 1, 2026. The filing shows: exercised 5,000 shares at $41.98 for $209,900 (acquired); sold 5,000 shares in the open market at a weighted average price of $97.80 for $489,007 (disposed); and a separate exercise/conversion of 5,000 shares reported as disposed at $0.00.

Key details

• Transaction dates and prices: Oct 1, 2026 — exercised 5,000 shares @ $41.98 (acquired) and exercised 5,000 shares @ $0.00 (disposed); Oct 1, 2026 — sold 5,000 shares @ $97.80 (weighted average; trades ranged $97.275–$98.23).
• Shares owned after the transaction: not reported in the provided filing details.
• Relevant footnotes: F1 — shares from an exercise were contributed to a trust; F2 — the sales were effected pursuant to a Rule 10b5-1 trading plan adopted May 29, 2026; F3 — sale price is a weighted average and the filer can provide trade-level details on request; F4 — the option was granted under the 2013 Stock Incentive Plan and vested in four equal annual installments.
• Filing timeliness: the provided details do not indicate a late filing.

Why it may matter

• Options exercise: the filing shows exercises and a same-day market sale of 5,000 shares, consistent with exercising options and selling shares on the same date (cashless action).
• Trust contribution: part of the exercise proceeds or shares were contributed to a trust per the filing.
• 10b5-1 plan: the sale was made under a Rule 10b5-1 trading plan adopted May 29, 2026.
• The filing does not show why the insider traded or why the company acted.