Schwab (SCHW) executive trims stake, trust sells 2,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

Schwab Charles Corp executive Jonathan S. Beatty, MD and Head of Advisor Services, reported an open-market sale of 2,000 shares of Common Stock at a weighted average price of $102.0089 through a trust. The sale was made under a pre-arranged Rule 10b5-1 trading plan. After the transaction, the trust holds 13,738 shares, and Beatty also holds 32,459 shares directly, indicating he retains a sizable position.

Insights

Equity compensation and insider-trading analyst

Pre-planned trust sale of 2,000 Schwab shares; executive retains large stake.

Jonathan S. Beatty, a senior executive at Schwab Charles Corp, reported an open-market sale of 2,000 Common Stock shares at a weighted average price of $102.0089 per share. The shares are held indirectly by a trust, not in a direct trading account.

A footnote states these sales were made under a Rule 10b5-1 trading plan adopted on February 27, 2026, suggesting the timing was pre-scheduled rather than opportunistic. After this transaction, the trust position is 13,738 shares, and Beatty’s direct holdings are 32,459 shares, so the reported sale represents a partial trim rather than an exit.

Because the plan was pre-arranged and substantial holdings remain, the informational value of this single filing is limited. Future company filings may provide additional context on any subsequent transactions under the same 10b5-1 plan.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares ($204,018)

Net Sell 2 txns

Insider Beatty Jonathan S

Role MD, Head of Advisor Services

Sold 2,000 shs ($204K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$102.0089	$204K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 13,738 shares (Indirect, by Trust); Common Stock — 32,459 shares (Direct, null)

Footnotes (1)

1. These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 27, 2026. This transaction was executed in multiple trades at prices ranging from $102.00 to $102.025. 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.

Key Figures

Shares sold: 2,000 shares Weighted average sale price: $102.0089 per share Post-sale indirect holdings: 13,738 shares +3 more

6 metrics

Shares sold 2,000 shares Open-market sale by trust on July 7, 2026

Weighted average sale price $102.0089 per share Common Stock sale by trust

Post-sale indirect holdings 13,738 shares Common Stock held by trust after sale

Direct holdings line 32,459 shares Common Stock directly held as of July 7, 2026

Price range of trades $102.00–$102.025 per share Multiple executions making up the reported sale

Rule 10b5-1 plan adoption date February 27, 2026 Plan governing the reported share sale

Key Terms

Rule 10b5-1 trading plan, open-market sale, weighted average sale price, indirect ownership

4 terms

Rule 10b5-1 trading plan regulatory

"These sales were effected pursuant to a Rule 10b5-1 trading plan adopted..."

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.

open-market sale financial

"transaction_action": "open-market sale""

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."

indirect ownership financial

""direct_or_indirect": "I", "nature_of_ownership": "by Trust""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/08/2026 - 05:07 PM Accepted by SEC EDGAR 07/08/2026 - 05:06 PM Learn about SEC filing dates

FAQ

What did Schwab (SCHW) executive Jonathan S. Beatty report in this Form 4 filing?

He reported an open-market sale of 2,000 shares of Schwab Common Stock at a weighted average price of $102.0089 per share, executed indirectly through a trust, and disclosed updated direct and indirect shareholdings after the transaction.

How many Schwab (SCHW) shares did the trust sell and at what price?

The trust associated with Jonathan S. Beatty sold 2,000 shares of Schwab Common Stock. The transaction was executed in multiple trades, with a reported weighted average sale price of $102.0089 per share, within a price range from $102.00 to $102.025.

Were Jonathan S. Beatty’s Schwab (SCHW) share sales pre-planned under a Rule 10b5-1 plan?

Yes. A footnote explains that these sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Jonathan S. Beatty on February 27, 2026, indicating the trades were pre-scheduled rather than discretionary market-timing decisions.

What are Jonathan S. Beatty’s Schwab (SCHW) holdings after this Form 4 transaction?

After the reported sale, the trust holds 13,738 shares of Schwab Common Stock indirectly for Jonathan S. Beatty. A separate holding line reports 32,459 shares owned directly, indicating he continues to maintain a sizable combined position in the company’s stock.

What role does Jonathan S. Beatty hold at Schwab (SCHW) according to the filing?

The filing lists Jonathan S. Beatty as an officer of Schwab Charles Corp, serving as MD, Head of Advisor Services. This senior leadership position makes his equity transactions reportable under SEC insider trading disclosure rules on Form 4.

How were the Schwab (SCHW) share sale prices determined in Jonathan S. Beatty’s Form 4?

The filing states the transaction was executed in multiple trades between $102.00 and $102.025 per share. The reported $102.0089 price is a weighted average. Beatty undertakes to provide full trade details, including exact share counts and prices, upon request.

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)
07/07/2026

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	07/07/2026		S(1)		2,000	D	$102.0089(2)	13,738	I	by Trust
Common Stock								32,459	D

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

2. This transaction was executed in multiple trades at prices ranging from $102.00 to $102.025. 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.

Remarks:

	/s/ P. Blake Allen, Attorney-in-fact	07/08/2026
	** 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)