[144] The Charles Schwab Corporation SEC Filing

Rhea-AI Filing Summary

The Charles Schwab Corporation (SCHW) filed a Form 144 indicating that insider Richard Wurster plans to sell up to 20,500 common shares (≈ 0.002 % of the 1.82 billion shares outstanding). Based on the filing’s reference price, the transaction is valued at ≈ $2.03 million. The shares were acquired on 03 Mar 2025 through the vesting of performance-based RSUs.

The filing also discloses that Wurster has already sold 15,345 shares for $1.29 million on 09 May 2025. If the proposed sale proceeds, his cumulative disposals over three months would reach 35,845 shares worth roughly $3.32 million.

While insider sales can signal reduced personal exposure, the volume is immaterial relative to Schwab’s float and does not affect corporate fundamentals. The transaction is routed through The Charles Schwab Corporation’s brokerage and will occur on the NYSE around 29 Jul 2025, consistent with Rule 144 requirements. No earnings, guidance, or operational updates are included in this notice.

Positive

• Transparent Rule 144 filing demonstrates compliance with insider-selling regulations, supporting strong governance.

Negative

• Continued insider selling (35,845 shares over three months) may be interpreted as a modest negative sentiment signal.

Insights

Securities Analyst

TL;DR: Minor insider sale (≈$2 m) under Rule 144; negligible float impact, modest negative sentiment.

The proposed disposition represents only 0.002 % of SCHW’s outstanding shares, so liquidity and valuation are unaffected. Insider selling can sometimes spook investors, yet the magnitude and Rule 144 disclosure suggest routine diversification after PBRSU vesting. No new information on earnings, credit, or strategy appears. Overall, the filing is not materially impactful to Schwab’s investment thesis, though traders may note the incremental negative signal from continued executive sales.

Corporate Governance Expert

TL;DR: Filing shows transparent compliance with Rule 144; governance posture intact.

Management’s timely Form 144 indicates adherence to SEC resale regulations and potential use of a 10b5-1 plan, mitigating litigation risk. The vesting-to-sale timing (≈5 months) is typical and supports orderly monetization of equity compensation. No red flags—such as clustered insider exits or undisclosed adverse info—are evident. Nonetheless, continued insider selling warrants monitoring for pattern escalation, especially amid any strategic announcements.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
COMMON	THE CHARLES SCHWAB CORPORATION 3000 Schwab Way Westlake TX 76262	20500	2032850.00	1816970383	07/29/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
COMMON	03/01/2025	VESTING PBRSU	ISSUER			20500	03/01/2025	NA

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
RICHARD WURSTER 3000 SCHWAB WAY WESTLAKE TX 76262	COMMON	05/09/2025	15345	1290187.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many SCHW shares is Richard Wurster planning to sell?

Up to 20,500 common shares, valued at ≈ $2.03 million.

When is the approximate sale date for the shares?

The filing lists 29 July 2025 as the approximate sale date.

What percentage of Charles Schwab’s outstanding shares does the sale represent?

About 0.002 % of the 1.82 billion shares outstanding.

How were the shares acquired by the insider?

They vested from performance-based RSUs on 03 Mar 2025.

Has the insider sold SCHW shares recently?

Yes, 15,345 shares were sold on 09 May 2025 for $1.29 million.

Does the filing provide any new financial or strategic information about SCHW?

No. The Form 144 strictly covers the proposed insider sale and contains no operational or earnings data.