Schwab executive sells 4,000 shares under 10b5-1

Schwab executive Jonathan S. Beatty reported recent stock transactions involving Charles Schwab common stock.

Rhea-AI Filing Summary

Schwab executive Jonathan S. Beatty reported recent stock transactions involving Charles Schwab common stock. A trust associated with him sold 2,000 shares on July 2, 2026 at an average price of $97.0297 and another 2,000 shares on July 6, 2026 at $100.0074, leaving the trust holding 15,738 shares.

Separately, 1,036 directly held shares were withheld on July 1, 2026 to cover taxes upon settlement of restricted stock units granted on July 1, 2024, and this was not an open-market sale. After this tax-withholding disposition, he directly held 32,459 shares. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on February 27, 2026.

Insider Trade Summary 10b5-1

Net Seller: 4,000 shares

Net Sell 3 txns

Insider Beatty Jonathan S

Role MD, Head of Advisor Services

Sold 4,000 shs ($394K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$100.0074	$200K
Sale	Common Stock	2,000	$97.0297	$194K
Exercise Price or Tax Liability	Common Stock	1,036	$92.725	$96K

Holdings After Transaction: Common Stock — 32,459 shares (Direct); Common Stock — 15,738 shares (Indirect, by Trust)

Footnotes (4)

1. F1. Shares withheld for taxes upon the settlement of restricted stock units granted to the reporting person on July 1, 2024.
2. F2. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.
3. F3. This transaction was executed in multiple trades at prices ranging from $97.00 to $97.045. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
4. F4. This transaction was executed in multiple trades at prices ranging from $100.00 to $100.02. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.

Key Figures

Open-market sale 1: 2,000 shares at $97.0297 Open-market sale 2: 2,000 shares at $100.0074 Total shares sold: 4,000 shares +5 more

8 metrics

Open-market sale 1 2,000 shares at $97.0297 Trust sale on July 2, 2026

Open-market sale 2 2,000 shares at $100.0074 Trust sale on July 6, 2026

Total shares sold 4,000 shares Net open-market sales via trust in July 2026

Tax withholding shares 1,036 shares at $92.7250 RSU settlement tax withholding on July 1, 2026

Direct holdings after F 32,459 shares Direct SCHW shares following tax-withholding disposition

Indirect holdings after sale 15,738 shares Trust-held SCHW shares after July 6, 2026 sale

Rule 10b5-1 plan adoption date February 27, 2026 Covers the reported open-market sales

Tax-withheld RSU grant date July 1, 2024 Grant date for RSUs whose settlement triggered tax withholding

Key Terms

Rule 10b5-1 trading plan, restricted stock units, tax-withholding disposition, open-market sale, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

restricted stock units financial

"Shares withheld for taxes upon the settlement of restricted stock units granted to the reporting person on July 1, 2024."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition, transaction_code_description: Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

open-market sale financial

"transaction_action: open-market sale, transaction_code_description: Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"The price reported reflects the weighted average sale price."

FAQ

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

What did SCHW executive Jonathan Beatty report in this Form 4?

Jonathan S. Beatty reported two open-market sales totaling 4,000 Charles Schwab shares through a trust and a separate 1,036-share tax-withholding disposition on restricted stock units, reflecting routine portfolio and tax management rather than a new option exercise.

How many Charles Schwab (SCHW) shares did Beatty sell and at what prices?

A trust associated with Beatty sold 2,000 SCHW shares at an average price of $97.0297 and another 2,000 shares at $100.0074, for a total of 4,000 shares sold in open-market or private transactions over two trading days.

Were Jonathan Beatty’s SCHW share sales under a Rule 10b5-1 plan?

Yes. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted on February 27, 2026, indicating these transactions were pre-arranged rather than timed discretionarily around short-term market or company-specific news.

How many SCHW shares does Beatty hold after these transactions?

After the reported transactions, Beatty directly holds 32,459 Charles Schwab shares, while a trust associated with him holds 15,738 shares, giving investors visibility into his remaining direct and indirect equity exposure following the sales and tax withholding.

What was the 1,036-share SCHW transaction reported with code F?

The 1,036-share transaction coded F reflects shares withheld to cover taxes upon settlement of restricted stock units granted on July 1, 2024. This is a tax-withholding disposition, not an open-market sale, and is a common mechanism for satisfying vesting-related tax obligations.

Does this SCHW Form 4 show any option exercises or derivative trades?

No derivative transactions are listed in the derivative summary. The filing only shows common stock entries: two open-market sales via a trust and one direct tax-withholding disposition tied to restricted stock unit settlement, with no option exercises or conversions reported.

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

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Accepted by SEC EDGAR 07/06/2026 - 06:33 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Beatty Jonathan S

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TEXAS 76262

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SCHWAB CHARLES CORP [ SCHW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	MD, Head of Advisor Services

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2026		F		1,036(1)	D	$92.725	32,459	D
Common Stock	07/02/2026		S(2)		2,000	D	$97.0297(3)	17,738	I	by Trust
Common Stock	07/06/2026		S(2)		2,000	D	$100.0074(4)	15,738	I	by Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld for taxes upon the settlement of restricted stock units granted to the reporting person on July 1, 2024.

2. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026.

3. This transaction was executed in multiple trades at prices ranging from $97.00 to $97.045. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

4. This transaction was executed in multiple trades at prices ranging from $100.00 to $100.02. The price reported reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was affected.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)