SCHW insider plans $2.36M sale of 24k shares under Form 144

Charles Schwab Corp. (SCHW) – Form 144 filing: The notice discloses a planned sale of 24,096 common shares on 29 Jul 2025 through The Charles Schwab Corp. brokerage, with an aggregate market value of $2.36 million.

Rhea-AI Filing Summary

Charles Schwab Corp. (SCHW) – Form 144 filing: The notice discloses a planned sale of 24,096 common shares on 29 Jul 2025 through The Charles Schwab Corp. brokerage, with an aggregate market value of $2.36 million. The shares were acquired the same day via stock-option exercise. Schwab reports 1.817 billion shares outstanding, so the proposed sale represents roughly 0.001 % of total float.

The filer—identified in earlier sales data as Nigel Murtagh—previously sold 70,872 shares during the last three months, generating $6.21 million in gross proceeds across three transactions (8 May, 28 May and 18 Jun 2025). No adverse undisclosed information is claimed by the seller, as required by Rule 144 representations.

The filing signals continued, but modest, insider-level divestment. Given the tiny percentage of total shares and the option-exercise origin, the transaction appears routine and is unlikely to affect SCHW’s capital structure or market liquidity.

Insights

Equity Analyst

TL;DR: Routine Rule 144 sale; volume de-minimis vs. float, neutral valuation impact.

The planned 24 k-share sale equals about 0.001 % of outstanding stock and follows earlier divestments that also remained statistically immaterial. Because the shares stem from option exercise, the seller may simply be monetising compensation. Combined three-month volume (≈95 k incl. planned sale) is still negligible relative to Schwab’s average daily volume (not provided in filing). No earnings or operational data accompany the notice, so fundamental outlook is unchanged. I view the disclosure as informational, not catalytic; price impact should be minimal barring broader sentiment toward insider activity.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many SCHW shares are being sold under this Form 144?

The notice covers 24,096 common shares planned for sale on 29 Jul 2025.

What is the estimated market value of the planned SCHW sale?

The aggregate market value is $2,363,335 based on the filing.

How many SCHW shares did the filer sell in the prior 3 months?

A total of 70,872 shares were sold between 8 May and 18 Jun 2025 for $6.21 million in gross proceeds.

Does the filing disclose any impact on SCHW's share count?

No change to share count; SCHW reports 1,816,970,383 shares outstanding.

What is the acquisition source of the shares being sold?

They were obtained via a stock-option exercise on 29 Jul 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/29/2025 - 02:34 PM EDT Learn about SEC filing dates

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	0001649599
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	SCHWAB CHARLES CORP
SEC File Number	001-09700
Address of Issuer	3000 SCHWAB WAY WESTLAKE TEXAS 76262
Phone	817-859-5000
Name of Person for Whose Account the Securities are To Be Sold	Murtagh Nigel J
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	Officer

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	24096	2363335.00	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	07/29/2025	STOCK OPTIONS EXERCISE	ISSUER			24096	07/29/2025	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
NIGEL MURTAGH 3000 SCHWAB WAY WESTLAKE TX 76262	COMMON	05/28/2025	25000	2205105.00
NIGEL MURTAGH 3000 SCHWAB WAY WESTLAKE TX 76262	COMMON	05/08/2025	25000	2125000.00
NIGEL MURTAGH 3000 SCHWAB WAY WESTLAKE TX 76272	COMMON	06/18/2025	20872	1878665.00

144: Remarks and Signature

Remarks
Date of Notice	07/29/2025
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	Nigel Murtagh
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)