Beatty Jonathan S 4

What Happened
Jonathan S. Beatty, MD and Head of Advisor Services at Charles Schwab (SCHW), disposed of a total of 5,036 shares in early July 2026. He sold 4,000 shares in two open-market transactions (2,000 shares on 2026-07-02 at a weighted average $97.03, $194,059; and 2,000 shares on 2026-07-06 at a weighted average $100.01, $200,015), totaling about $394,074. Separately, 1,036 shares were withheld to cover taxes upon settlement of restricted stock units, valued at $96,063. These are disposals (sales/withholding), not purchases.

Key Details

• Transaction dates and prices:
  • 2026-07-01: 1,036 shares withheld for taxes at $92.72 — $96,063 (tax withholding on RSU settlement) (F1)
  • 2026-07-02: 2,000 shares sold in open market at weighted avg $97.03 — $194,059 (F2, F3; multiple trades ranged $97.00–$97.045)
  • 2026-07-06: 2,000 shares sold in open market at weighted avg $100.01 — $200,015 (F2, F4; multiple trades ranged $100.00–$100.02)
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes of note:
  • F1: Shares withheld to satisfy taxes on RSUs granted July 1, 2024.
  • F2: Open-market sales were made under a Rule 10b5-1 trading plan adopted Feb 27, 2026.
  • F3/F4: Sales executed in multiple trades; reported prices are weighted averages; full trade-level details available on request per the filer.
• Filing timeliness: The Form 4 was filed on 2026-07-06 covering transactions from 2026-07-01 to 2026-07-06. The July 1 tax-withholding appears to have been reported after the typical two-business-day Form 4 deadline.

Context
Tax-withholding of shares upon RSU settlement is a common, administrative disposition to cover taxes and does not necessarily reflect a market view. The two open-market sales were executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and is intended to reduce concerns about insider timing. These transactions are disposals (sales); there were no purchases reported.