Schwab Co-Chair Bettinger logs option exercises, sales

Charles Schwab Co-Chairman Walter W. Bettinger reported option exercises and related stock sales through a family trust.

Rhea-AI Filing Summary

Charles Schwab Co-Chairman Walter W. Bettinger reported option exercises and related stock sales through a family trust. On February 3, 2026, nonqualified stock options with a $42.99 exercise price for 162,462 shares were exercised, followed by family trust sales of 141,033 and 21,429 common shares at weighted average prices of $103.8485 and $104.2429.

On February 4, 2026, additional options for 94,948 shares at $42.99 were exercised and the same number of shares were sold by the family trust at a weighted average price of $104.252. After these transactions, the family trust held 529,346 Schwab common shares, with further indirect holdings reported through an ESPP, ESOP, and spouse-related accounts.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 11 txns

Insider Bettinger Walter W

Role Co-Chairman

Sold 257,410 shs ($26.78M)

Approx. gross sale proceeds $26.78M

Approx. exercise cost $11.07M

Type	Security	Shares	Price	Value
Exercise	Nonqualified Stock Option (right to buy)	94,948	$0.00	$0.00
Exercise	Common Stock	94,948	$42.99	$4.08M
Sale	Common Stock	94,948	$104.252	$9.90M
Exercise	Nonqualified Stock Option (right to buy)	162,462	$0.00	$0.00
Exercise	Common Stock	162,462	$42.99	$6.98M
Sale	Common Stock	141,033	$103.8485	$14.65M
Sale	Common Stock	21,429	$104.2429	$2.23M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Nonqualified Stock Option (right to buy) — 67,514 contracts (Direct); Common Stock — 529,346 shares (Indirect, by Family Trust); Common Stock — 4,332 shares (Indirect, by ESPP); Common Stock — 6,684.414 shares (Indirect, by ESOP); Common Stock — 2,386.6803 shares (Indirect, by Spouse); Common Stock — 176.1192 shares (Indirect, by Spouse, as Trustee)

Footnotes (7)

1. F1. This transaction was executed in multiple trades at prices ranging from $103.17 to $104.16. 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.
2. F2. This transaction was executed in multiple trades at prices ranging from $104.17 to $104.32. 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.
3. F3. This transaction was executed in multiple trades at prices ranging from $104.25 to $104.28. 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 information is based on a plan statement as of January 30, 2026.
5. F5. This information is based on a plan statement as of February 1, 2026.
6. F6. Includes 6.9046 shares acquired through dividend reinvestment.
7. F7. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.

FAQ

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

What insider activity did SCHW Co-Chair Walter Bettinger report on this Form 4?

Walter W. Bettinger reported option exercises and related stock sales through a family trust. On February 3–4, 2026, nonqualified stock options at $42.99 were exercised and corresponding common shares were sold at weighted average prices just above $103 and $104.

How many Charles Schwab shares were sold by the family trust associated with Walter Bettinger?

The family trust associated with Walter W. Bettinger reported sales of 141,033 and 21,429 common shares on February 3, 2026, and 94,948 common shares on February 4, 2026. Each sale used a weighted average price disclosed in the Form 4 footnotes.

What stock options did Walter Bettinger exercise in the February 2026 SCHW Form 4 filing?

Walter W. Bettinger exercised nonqualified stock options with a $42.99 exercise price. These options covered 162,462 Schwab common shares on February 3, 2026, and 94,948 shares on February 4, 2026, all granted under the company’s 2013 Stock Incentive Plan.

What were the reported weighted average sale prices for SCHW shares in this Form 4?

The reported weighted average sale prices were $103.8485, $104.2429, and $104.252 for Schwab common stock sales. Each transaction was executed in multiple trades within narrow intraday price ranges, as detailed in the Form 4 explanatory footnotes.

How many SCHW shares does the family trust hold after Walter Bettinger’s reported transactions?

After the reported February 2026 transactions, the family trust associated with Walter W. Bettinger beneficially owned 529,346 Charles Schwab common shares. The Form 4 also lists additional indirect holdings through an employee stock purchase plan, an ESOP, and spouse-related accounts.

What indirect Schwab share holdings linked to Walter Bettinger are disclosed besides the family trust?

The filing discloses indirect holdings of 4,332 Schwab shares through an ESPP, 6,684.414 shares through an ESOP, 2,386.6803 shares by his spouse, and 176.1192 shares held by his spouse as trustee, in addition to the family trust position.

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

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Accepted by SEC EDGAR 02/05/2026 - 07:18 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).

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^*

Bettinger Walter W

(Last) (First) (Middle)

3000 SCHWAB WAY

(Street)

WESTLAKE TX 76262

(City) (State) (Zip)

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

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Co-Chairman

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2026

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

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

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

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	02/03/2026		M		162,462	A	$42.99	691,808	I	by Family Trust
Common Stock	02/03/2026		S		141,033	D	$103.8485(1)	550,775	I	by Family Trust
Common Stock	02/03/2026		S		21,429	D	$104.2429(2)	529,346	I	by Family Trust
Common Stock	02/04/2026		M		94,948	A	$42.99	624,294	I	by Family Trust
Common Stock	02/04/2026		S		94,948	D	$104.252(3)	529,346	I	by Family Trust
Common Stock								4,332(4)	I	by ESPP
Common Stock								6,684.414(5)	I	by ESOP
Common Stock								2,386.6803(6)	I	by Spouse
Common Stock								176.1192	I	by Spouse, as Trustee

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
Nonqualified Stock Option (right to buy)	$42.99	02/03/2026		M			162,462	(7)	03/01/2027	Common Stock	162,462	$0	162,462	D
Nonqualified Stock Option (right to buy)	$42.99	02/04/2026		M			94,948	(7)	03/01/2027	Common Stock	94,948	$0	67,514	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $103.17 to $104.16. 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.

2. This transaction was executed in multiple trades at prices ranging from $104.17 to $104.32. 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.

3. This transaction was executed in multiple trades at prices ranging from $104.25 to $104.28. 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 information is based on a plan statement as of January 30, 2026.

5. This information is based on a plan statement as of February 1, 2026.

6. Includes 6.9046 shares acquired through dividend reinvestment.

7. The option was granted under the company's 2013 Stock Incentive Plan and vested in four equal annual installments beginning on the first anniversary of the grant date.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ P. Blake Allen, Attorney-in-fact	02/05/2026
	** 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).
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